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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. Thailand wants 30% of the vehicles built in the country to be electric by 2030.

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Ford is cutting another 4,000 jobs in Europe as it loses ground in the global EV race

Baua Electric

Ford’s announcement comes as China’s leading EV maker, BYD, is quickly catching up in global deliveries. Electrek’s Take Ford’s restructuring in Europe comes as EV leaders, like China’s BYD, continue gaining ground in the global auto market. The first EV model powered by the platform, a new electric truck , is due out in 2027.

Europe 52
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Nissan and Honda unite to join global software-defined EV race, play catch up with Tesla

Baua Electric

Nissan and Honda will also develop battery tech and e-Axles to power new global vehicles. The Nissan, Honda, and Mitsubishi partnership comes as Tesla and Chinese EV makers like BYD continue expanding in key global markets, including Japan, taking market share. Ford is working on a low-cost EV platform with software at its heart.

Honda 52
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BloombergNEF shares its 2024 Electric Vehicle Outlook

Teslarati

In a recent outlook of the global EV market, one publication has recently suggested that EV growth may be advancing substantially in some developing markets, while others have seen increased plugin hybrid EV (PHEV) sales. Last month, Bloomberg data suggested that the ongoing EV sales slowdown in the U.S.

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Hyundai takes aim at BYD with new EV and battery plant in this surging overseas market

Baua Electric

Hyundai is upping the ante on China’s leading EV maker with plans to dish out $28 million (1 billion baht) on a new EV assembly and battery plant in Thailand. Hyundai to fend off BYD with EV plant in Thailand With EV sales surging in Thailand, Hyundai wants in on the action. The BOI has approved over $2.2

BYD 52
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Navigant forecasts global natural gas fleet of 34.9M by 2020

Green Car Congress

The increase is largely driven due to a combination of low-cost natural gas and sustained higher prices for gasoline and diesel in many countries, Navigant suggests. In a new report , Navigant Research forecasts that the number of natural gas vehicles (NGVs) on roads worldwide will reach 34.9 million by 2020.

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BYD launches popular Dolphin, Seal, and Atto 3 EVs in Kenya with local Toyota dealer

Baua Electric

BYD Atto 3 during the launch event in Kenya (Source: CFAO Mobility Kenya) Going global For BYD, launching EVs in Kenya is another significant milestone as it expands into new global markets. As it expands the brand globally, BYD’s new 7,000-car carrier is about to hit the seas. FTC: We use income earning auto affiliate links.

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