Remove Low Cost Remove Market Remove SUV Remove Thailand
article thumbnail

BYD surges past Honda and Nissan’s sales for the first time, targets Ford with low-cost EVs

Baua Electric

With low-cost EVs hitting key global markets, BYD is quickly catching up to Ford. After launching in key markets like Mexico, Brazil, Japan, Europe, Thailand, and other Southeast Asian countries, BYD is already a leading EV brand. BYD is now the world’s seventh-largest automaker. And it’s not only in China.

article thumbnail

BYD to kick off EV production at new Thailand plant in Q3 as overseas expansion accelerates

Baua Electric

Leading EV maker BYD is quickly expanding overseas after dominating its home market. BYD is now set to begin production at its new EV plant in Thailand in the third quarter as it looks to accelerate overseas sales. BYD was Thailand’s best-selling EV maker last year. Its first low-cost EVs will be a smaller pickup and SUV.

article thumbnail

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.

article thumbnail

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

Baua Electric

BYD’s new partnership is another significant milestone as it takes on new markets. BYD’s Atto 3 electric SUV stole the show. Loxea, a branch of CFAO Mobility , launched BYD’s electric SUV (Atto 3), sedan (Seal), and hatch (Dolphin). The deal makes Loxea the sole distributor of BYD electric vehicles in Kenya.

Kenya 52
article thumbnail

BYD overcomes China’s intense EV price war as record car sales lead to Q2 profit surge

Baua Electric

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 BYD store in Thailand (Source: BYD) BYD opened its first plant in Thailand, a key auto hub and growing EV market, last month. billion ($42.2

BYD 52
article thumbnail

BYD hits a major milestone as its Yuan brand crosses 1 million in sales

Baua Electric

BYD’s Yuan family consists of the Yuan Plus, Yuan Up, and Yuan Pro SUVs. After launching in February 2022, the Yuan Plus (known as the Atto 3 overseas) is the first electric SUV underpinned by BYD’s e-platform 3.0 BYD’s Yuan is its latest series to hit the 1 million sales market following the Song and Qin brands.

BYD 52
article thumbnail

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

Baua Electric

Nissan Ariya electric SUV (Source: Nissan) Electrek’s Take With Japanese automakers being some of the biggest laggards in the auto industry’s shift to electric, it’s no surprise they are partnering up. And that’s just one market. through the first half of 2024, led by double-digit declines in China, Indonesia, and Thailand.

Honda 52