Affordable Global Low Cost Thailand 
Baua Electric
AUGUST 23, 2024
With low-cost EVs hitting key global markets, BYD is quickly catching up to Ford. Affordable EVs driving demand According to MarkLines (via Nikkei ), BYD’s new vehicle sales climbed 40% between April and June to 980,000. A big part of BYD’s surging sales numbers is its incredibly affordable electric cars.
Baua Electric
MARCH 6, 2024
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. Meanwhile, Kia has bigger (or, smaller and more affordable) plans.
Baua Electric
SEPTEMBER 26, 2024
However, This time, Ford will focus on EVs as it faces a global comeback. Ford India plant will reopen to export global EVs Ford submitted a Letter of Intent (LOI) to the government of Tamil Nadu earlier this month, outlining plans to restart its Chennai plant for export. Hart explained that the plant will “serve new global markets.”
Baua Electric
AUGUST 28, 2024
Despite slashing prices and launching more affordable EVs, BYD’s bottom line nearly doubled from the first three months of 2023 (+98%). BYD Seal test drive in Mexico (Source: BYD) Low-cost EVs, overseas expansion fueling growth BYD’s auto (and related) sales accounted for 76% of revenue, generating RMB 228.3 billion) in Q4 2023.
Baua Electric
JANUARY 29, 2024
In the last three months of the year, the Chinese automaker overtook Tesla as the largest global EV maker as it expanded the brand. BYD is already leading in growing EV markets like Thailand, Brazil, and Columbia. Although BYD has established itself as a low-cost EV maker, it’s expanding into new segments.
Baua Electric
JUNE 10, 2024
It’s the backpacker’s call to India, the sunseeker’s attraction to Mexico, and the digital nomad’s drive to get to Thailand: Go where the dollar buys more. tourists,” said Erina Pindar, the chief operating officer and managing partner at SmartFlyer , a global travel agency based in New York City. Despite the strength of the U.S.
Baua Electric
JUNE 12, 2024
Global markets are now flooded with cheaper electric cars,” EU Commission President Ursula von der Leyen said in her annual speech to the European Parliament. And their price is kept artificially low by huge state subsidies,” the EU Commission leader added. “And How will the new EU tariffs impact Chinese EV makers like BYD and NIO?
Expert insights. Personalized for you.
52 
Let's personalize your content