Baua Electric

AUGUST 19, 2024

Kia’s new EV9, its first three-row electric SUV, is a major part of its growth. Genesis GV60 at a Tesla Supercharger (Source: Genesis) Hyundai, Kia, and Genesis continue gaining ground in the US with some of the most affordable, fuel-efficient EVs on the market. Meanwhile, Genesis is also preparing to launch its flagship electric SUV.

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Baua Electric

OCTOBER 31, 2024

Electrek’s Take Most people know BYD because of its ultra-affordable EVs, like the Seagull, which starts at under $10,000 (69,800 yuan) in China. The company is also expanding its lineup of smart electric SUVs, electric supercars, and luxury models. However, the EV giant is quickly expanding into new segments.

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Baua Electric

MARCH 29, 2024

The fully electric BYD Atto 3 SUV was the top-selling electric model, with over 19,200 units delivered. BYD Atto 3 production (Source: BYD) After beginning production at its Uzbekistan plant in January, BYD is building new facilities in Hungary and Brazil as it expands the brand overseas. It will rival Tesla’s entry-level $25,000 EV.

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Baua Electric

NOVEMBER 4, 2024

BYD’s wide-reaching portfolio (Source: BYD) Although BYD is widely recognized for its extremely affordable vehicles, like its best-selling Seagull , which starts under $10,000 (69,800 yuan), China’s EV leader is rapidly expanding into new segments.

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Baua Electric

MARCH 28, 2024

For example, BYD is building a plant in Hungary that will “be Europe, for Europe.” In response, Ford is shifting from larger to smaller, more affordable EVs. BYD is best known for its affordable EVs, such as the Dolphin, Atto 3, and Seagull, but it’s expanding into new segments, including mid-size SUVs and luxury models.

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Baua Electric

JUNE 17, 2024

2024 Hyundai IONIQ 5 interior (Source: Hyundai) Although the battery unit will come online about a year later, it will be sourced from Hyundai’s Hungary plant. Hyundai already has six of the top ten most affordable and fuel-efficient EVs in the US this year, but the company isn’t planning to slow down.

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Baua Electric

NOVEMBER 18, 2024

New facilities are coming online soon in Hungary, Brazil, Pakistan, Turkey, and Mexico. Amid a wave of new competition and an intensifying EV price war in China, BYD is setting up shop in key overseas markets to drive growth. The company opened its first manufacturing plant in Thailand, a booming EV market.

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Baua Electric

NOVEMBER 20, 2024

The EV giant opened its first manufacturing plant in Thailand earlier this year, and more are planned for Hungary, Brazil, Mexico, Pakistan, and Turkey. Ford is betting on smaller, more affordable EVs to turn things around with its new low-cost platform. While Ford’s Model e EV unit is on track to lose between $5 billion and $5.5

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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%). It’s also planning to open facilities in Mexico, Hungary, Brazil, Turkey, and Pakistan. The EV leader posted revenue of RMB 176 billion ($24.7 billion) in Q4 2023. billion ($1.46

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Baua Electric

FEBRUARY 21, 2025

20 February 2025 Read next What to expect from Hungarys automotive market in 2025 20 February 2025 Read next What was the best-selling EV in Europe in 2024? Vehicle affordability remains a challenge for the industry. These trade-in equity dynamics further exacerbate the industrys affordability challenges. This would be down 10.1%

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Baua Electric

DECEMBER 10, 2024

Stellantis said its partnership with a battery leader like CATL will enable it to implement LFP battery technology in its crossover and SUV BEVs in the B and C segments, which will be durable and affordable with intermediate ranges.

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Baua Electric

AUGUST 23, 2024

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. Ford has already announced it’s shifting to smaller, more affordable EVs as it looks to overcome massive losses.

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