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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. The ball is in their court.”

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Kia EV5 shows promise in the world’s largest EV market as brand sales top 20,000 again

Baua Electric

Kia is growing in China as most foreign automakers are rapidly losing market share. After launching its new low-cost electric SUV, the EV5, Kia is already seeing the results, as brand sales in China topped 20,000 for the third straight month in August. Kia sold nearly 6,000 EV5 models in China through July.

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Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. And that’s including gas-powered cars. 361 $43,656 SEL RWD 77.4

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Kia suddenly shifts to hybrids, affordable EVs amid waning global demand

Baua Electric

Kia is following in Ford’s footsteps after suddenly announcing plans to introduce more hybrids as it expects slower EV demand. To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year.

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Kia suddenly shifts to hybrids, affordable EVs amid ‘waning global demand’

Baua Electric

Kia is following in Ford’s footsteps after suddenly announcing plans to introduce more hybrids as it expects slower EV demand. To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year.

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Canada to slap 100% tariff on Chinese EVs just as BYD preps for market debut

Baua Electric

The move comes just as China’s largest EV maker, BYD , prepares to enter Canada. Tesla and BYD were among the companies with rate drops. BYD’s rate was cut from 17.4% BYD is already a leading EV brand in Mexico, but entering Canada could shake up the North American auto market. to just 9%.

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