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Kia mulls EV plant in Thailand to take on Toyota and BYD with affordable electric cars

Electrek

Can Kia challenge Toyota, which has dominated the market in Thailand, with affordable EVs? Chinese automakers like BYD are already stealing market share, but Kia is in talks over a new EV plant in Thailand that could help position itself as an early leader.

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Kia mulls EV plant in Thailand to take on Toyota and BYD with affordable electric cars

Baua Electric

Can Kia challenge Toyota, which has dominated the market in Thailand, with affordable EVs? Chinese automakers like BYD are already stealing market share, but Kia is in talks over a new EV plant in Thailand that could help position itself as an early leader. Kia revealed a new EV lineup at its first EV Day in October.

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Here Comes the Muscle: 2024 Dodge Charger Daytona Has Dealers In A Frenzy

InsideEVs

Plus, Tesla's Berlin factory expected to be closed for another 10 days due to suspected arson, and Kia eyes Thailand for a new factory.

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IHI and Hyundai WIA form turbocharger JV in South Korea

Green Car Congress

IHI Corporation and Hyundai WIA Corporation, a major automobile parts manufacturer and a major subsidiary of Hyundai-Kia Motor Group, have entered a joint venture agreement for turbochargers. The Vehicular Turbocharger business unit of IHI Group is already the leading in Asian markets, including China, Japan and Thailand, the company claims.

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BYD expects at least $4 billion in net income from surging EV sales

Baua Electric

BYD is already leading in growing EV markets like Thailand, Brazil, and Columbia. It even outsources its batteries to Tesla, Toyota, Hyundai, Kia, Ford, and several others. Despite the growth, BYD’s stock is slipping after missing analyst expectations of around $4.5 billion (31.5 billion yuan).

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Tesla Model Y and BYD Atto 3 lead the way as Chinese-built electric vehicle sales soar in Australia

EV Central

Chinese cars sit number three behind Japan and Thailand in terms of popularity in Australia. It is also a big reason the popularity of Chinese-made cars is exploding in Australia, as both the Model 3 and Model Y are made in Shanghai.

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BYD upgrades Tang electric SUV with more range to rival Tesla’s Model Y

Baua Electric

It’s already a leader in Thailand, Brazil, and Columbia. BYD, which started as a battery maker, even outsources its batteries to Tesla, Toyota, Ford, Kia, and others. Electrek’s Take BYD aims to gain market share in key overseas markets. It’s also expanding in Mexico, Australia, India, and more.

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