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.
Affordable electric cars are coming
Kia has already revamped the brand as the industry transitions to electric with a new logo and design.
The Korean automaker is also seeing early success with its first three-row electric SUV, the EV9. Meanwhile, Kia has bigger (or, smaller and more affordable) plans.
Kia revealed a new EV lineup at its first EV Day in October. It confirmed that the EV5 electric SUV, a Volvo EX30 rival, will start at $35,000.
Two new concepts were unveiled at the event: the Kia EV3 and EV4. The EV3 is an electric crossover influenced that essentially shrinks the EV9 into a more compact and affordable package.
According to Kia, the EV4 is “an entirely new type of sedan.” Although its four doors suggest it is a sedan, the design stands as a symbol of innovation.
Kia EV lineup from left to right: EV6, EV4, EV5, EV3, EV9 (Source: Kia)
The new EVs are part of Kia’s plans to launch a wide-ranging EV lineup with prices from $30,000 to $80,000. Kia’s smaller EV5, EV4, and EV3 will be priced below $50,000 to promote widespread adoption of EVs.
Kia to take on Toyota, BYD with new EV plant in Thailand
Kia may bring these low-cost EVs to overseas markets like Thailand, where legacy automakers like Toyota have traditionally dominated sales.
According to two government sources (via Reuters), Kia is in talks to build an EV plant in Thailand to gain an early lead in the Southeast Asian nation.
Kia EV5 battery options and range (Source: Kia)
The sources, who wished to remain anonymous, said the discussions were ongoing and incentive-based. “They have a serious proposal that they’ve come with,” one of the sources said. “The ball is in their court.”
Kia and Thailand’s Board of Investment (BOI) have yet to confirm. However, Thailand’s BOI said Kia was considering investing in the nation after media reports suggested the automaker moved in another direction.
2024 Kia EV9 GT-Line (Source: Kia)
Thailand is Asia’s largest car maker and exporter. The nation is seeing a surge in EV sales with hefty incentives, tax breaks, and other measures to promote domestic production. Thailand wants 30% of the vehicles built in the country to be electric by 2030.
Tesla is also in talks with Thailand over a new plant that could involve EV and battery production, according to an official earlier this week.
BYD Atto 3 (Source: BYD)
Although legacy automakers like Toyota and Honda have long dominated the market, Chinese automakers have committed to over $1.44 billion in EV investments.
BYD, the global EV leader, was Thailand’s best-selling electric car brand last year. Its Atto 3 electric SUV was the top-selling EV, with over 19,200 models handed over. The company’s first plant in the region is expected to begin production this year. Once up and running, BYD aims to produce 150,000 EVs a year.
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Tesla is now buying advertising on Elon Musk’s X (formerly Twitter) to get Tesla shareholders to vote for his CEO compensation package worth up to $1 trillion in stock options.
Tesla, under Elon Musk’s leadership, has famously been against advertising. The CEO is even on the record saying that he “hates advertising” and that “other companies spend money on advertising and manipulating public opinion, Tesla focuses on the product.”
However, that was before he acquired Twitter, now X, which relies heavily on advertising.
The automaker is in a full-on marketing blitz to convince shareholders to vote for the package and to allow Tesla to issue more shares in exchange.
Now, Tesla is even buying social media ads to push shareholders to vote for Musk’s compensation package and they are even buying ads on Musk’s privately owned platform, X:
They are also buying ads on Instagram, Facebook, and Reddit.
As we previously reported, Tesla’s board has claimed that voting for the compensation package will determine the future of Tesla.
Musk went even further and linked his compensation package to the future of the world.
Earlier today, the CEO claimed that his compensation plan is not about money, but about control over Tesla:
It’s not about “compensation”, but about me having enough influence over Tesla to ensure safety if we build millions of robots. If I can just get kicked out in the future by activist shareholder advisory firms who don’t even own Tesla shares themselves, I’m not comfortable with that future.
The CEO previously threatened Tesla shareholders not to build AI products at Tesla, despite claiming they were critical to the company’s future, if he doesn’t get 25% control over the company.
Electrek’s Take
The CEO of a publicly traded company threatens shareholders to gain control over the company and uses company funds to purchase ads that benefit his privately held company, with the goal of persuading the shareholders of the publicly traded company to give him more money.
If that’s not late-stage capitalism, I don’t know what is.
Also, I know I won’t shock anyone here, but Elon is lying about this not being about money.
If he wants to increase his percentage of Tesla shares, he could do exactly what his friend Larry Ellison did with Oracle and do long-term buybacks. It would benefit everyone, but it’s not what he wants. He wants the shiny new stock options.
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Voltpost just rolled out the Voltpost Air, its next-gen lamppost EV charger in New York City, and this one comes with a key twist: it’s mounted 10 feet above ground.
The Voltpost Air uses that elevated design with a retractable cable system to protect against weather damage and vandalism, setting it apart from Voltpost’s original curbside charger. It’s also built for faster installation, broader pole compatibility, and better reliability.
It can be installed on both wooden and metal lampposts and utility poles, curbside or in parking lots. Site hosts can deploy one or two chargers per pole, making it a flexible option for cities and property owners. Drivers can pay with the app or by tapping with a credit card. Voltpost Air supports Level 2 charging, up to 9.6 kW per charging port.
Luke Mairo, COO and cofounder of Voltpost, said that “the modular design and quick installation reduce costs and complexity, making it easier than ever to expand charging infrastructure.” Voltpost is already operating chargers in Oak Park, Illinois, and at the American Center for Mobility near Detroit. The company has projects underway in New York, California, Michigan, Illinois, Connecticut, and Massachusetts.
Former US Joint Office of Energy and Transportation executive director Gabe Klein, now a Voltpost board advisor, said, “The transition to renewable transportation requires bold, scalable solutions that can integrate seamlessly into existing urban infrastructure. Technologies like Voltpost’s lamppost chargers are vital because they unlock new opportunities to deploy EV charging.”
The Brooklyn installation is part of New York City Economic Development Corporation’s (NYCEDC) Pilots at Brooklyn Army Terminal (BAT) program, which supports climate-tech companies in scaling new solutions. It’s expected to be available to the public by the end of the year. New York State Energy Research and Development Authority (NYSERDA) president and CEO Doreen M. Harris called the model “highly replicable” and said it could be adopted across New York State.
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Voltpost Air is now available for deployment at public and private sites.
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Is Kia’s electric van finally coming to the US? The Kia PV5 was caught testing with a unique design, hinting it’s destined for the US.
Is Kia’s electric van coming to the US?
Although Kia has yet to announce it publicly, all signs point to the PV5 launching in the US. In February, the electric van was first spotted charging at a station in Indiana.
A few photos and a video sent to Electrek confirmed it was indeed the Kia PV5. The sighting came somewhat as a surprise, as the only official statement from Kia said the PV5 would arrive in Europe and South Korea this year, followed by “launches in other markets” in 2026, but no mention was made of the US.
After another PV5 was spotted in Arizona, rumors that Kia’s electric van was coming to the US began to surface again.
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Kia still has yet to confirm or deny a US launch, but another sighting hints at the PV5’s imminent debut. The latest spotting, by KindelAuto, appears to be of the US-spec 2026 Kia PV5.
It looks about the same as the Kia PV5 Passenger, which is already available in parts of Europe and South Korea. However, although it’s not very clear, Kia’s electric van appears to have added side marker lights, a requirement in the US.
Following its launch in the UK earlier this year, the Kia PV5 Passenger is now being introduced to new European markets.
The Kia PV5 Passenger electric van (Source: Kia)
In the UK, it starts at £32,995 ($44,000) on the road. In Germany, the PV5 Passenger is priced from €38,290 ($45,000) or €249 per month.
Kia’s electric van is available in two variants: Passenger, for everyday driving, and Cargo, for business use. The PV5 Passenger is available with two battery pack options: 51.5 kWh and 71.2 kWh, providing WLTP ranges of 183 miles and 256 miles, respectively. Meanwhile, several more variants are on the way.
Kia PV5 tech day (Source: Kia)
During its PV5 Tech Day in July, we learned that Kia plans to launch seven PV5 body types, including a Light Camper, a premium “Prime” Passenger model, and an open bed version.
We’ll have to wait for the official word, but there’s still hope Kia’s electric van will make it to the US. We should find out soon. Can we get the EV5 too? That might be pushing it.
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