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

Baua Electric

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 set to begin EV production in Thailand in Q3 After showcasing its full range of brands at the Bangkok Auto Show this week, BYD said it will kick off EV production in the country in Q3.

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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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BloombergNEF shares its 2024 Electric Vehicle Outlook

Teslarati

The auto industry continues to shift toward electric vehicles (EVs), and while sales growth has slowed somewhat this year at many companies and in many markets, recent guidance shows that it may only be in the near-term. Last month, Bloomberg data suggested that the ongoing EV sales slowdown in the U.S.

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BYD breaks into Toyota-dominated Japan as EV sales climb

Baua Electric

According to the latest sales data, BYD accounted for nearly 3% of Japan’s EV market in the first half of 2024. BYD led the charge in Japan as EV sales continued climbing. The Seal is BYD’s answer to the Tesla Model 3, while the Atto 3 is a low-cost electric SUV. Toyota alone accounts for over a third of car sales.

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

Baua Electric

The BYD Yuan family surpassed 1 million in sales this week, becoming its latest brand to cross the threshold. BYD Yuan family tops 1 million in sales BYD has been on a roll as it expands the brand into new territory. Its latest accomplishment comes as another one of its family of brands hit the 1 million sales mark.

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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. million won) in Korea.

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

Baua Electric

BYD is already a leading EV brand in key regions like Southeast Asia and Central and South America, but it expects sales to accelerate in the next few months. The EV giant opened its first manufacturing plant in Thailand earlier this year, and more are planned for Hungary, Brazil, Mexico, Pakistan, and Turkey. billion (RMB 11.6

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