vinny41

Are you testing out your favorite brand of EV since they have delayed their launch in Thailand VinFast Secures Top Market Position in Vietnam Hanoi, November 12, 2024 – VinFast announced it has delivered more than 11,000 electric vehicles (EVs) to domestic customers in October, bringing its total sales since the beginning of the year to over 51,000 EVs. This positions VinFast as the best-selling automotive brand in the Vietnamese market for October and the first ten months of 2024. VinFast is confident in maintaining its domestic leadership and contributing to the green transition of Vietnam’s transportation sector. Following strong sales in September 2024, VinFast continued its momentum in October by delivering more than 11,000 EVs—a 21% increase over the previous month. The VF 3 and VF 5 were the top-selling models, with nearly 5,000 EVs and over 2,600 EVs sold, respectively. https://vinfastauto.us/investor-relations/news/vinfast-secures-top-market-position-in-vietnam#:~:text=Hanoi

As you have previously mentioned both your daughters are in University I am sure they can explain the post if you don't understand I am sure the Chinese shareholders and the fully paid up ev influencers reading this forum understood my post

There are still various subsidies in place for EV for this year until the end of 2027 under the BEV 3.5 incentive policy they are divided into 2 sections 1) Passenger Bev For both imported and locally assembled passenger BEVs based on battery sizes and price 2) For BEV pick-up trucks and e-motorcycles (locally assembled ones only): for pick-up trucks based on weight price and battery size Passenger Bev subsidy is reducing each year while Thailand built BEV pick-up trucks and e-motorcycles for subsidy remains the same for the period 2024- until end of 2027 This article contains all the details on the various subsidies https://www.ey.com/en_gl/technical/tax-alerts/thailand---subsidies--duties--excise-tax-incentives-to-encourage The entire car market in Thailand has changed in the case of the used car market there has been huge increase over the past 2 years of repossessions which has had an knock on affect to the used car market due to oversupply of additional cars entering the used car market and banks and finance companies selling those vehicles for whatever they are offered and then going after the original purchaser or the guarantor if the sale of the vehicle doesn't cover the outstanding balance when we look at car buyers in Thailand they should be divided into 2 groups Expats and Thai Majority of expats normally pay for their vehicles in cash while the majority of Thai nationals tend to finance their vehicle purchase Some Thai nationals will pay cash and likewise some expats will pay for their vehicles via finance however I supect they are in the minority In the past people would keep their vehicles for 4/5 years received a reasonable trade in value for their vehicle and used that for the down payment on a new vehicle Banks and finance companies are now asking for down payments of between 25% upwards as they are concerned about NPL ( repossessions ) I have seen many reports in the facebook groups of people deciding to keep their existing vehicles longer due to the low offer they have received on their trade-ins over the next few years we should find out how long batteries last as between this year and 2032 there are over 20 million ev's in china where there battery warranty has ended Nio's William Li urges more focus on battery life as warranties expire on nearly 20 million NEVs over next 8 years Li said batteries with lifetimes of up to 15 years are technically feasible, but it will take a concerted effort by the entire industry to advance the goal. https://cnevpost.com/2024/03/17/nio-william-li-urges-more-focus-on-battery-life/ In the USA Nissan has started a buyback scheme as batteries are failing within the 8 year warranty period and Nissan are having problems sourcing replacement batteries with some owners reporting waiting for 12 months or longer Just received a call from Nissan offering a repurchase for my 2016 SV Nissan leaf 30kwh, said new battery might take 6 months to a year, has anyone with the same vehicle taken the repurchase ? Mine currently has 98,000 miles and is in a good overall condition. If yes to my question could you tell me how much was your repurchase offer ? Or any idea how much is worth ? I'm in USA Texas https://www.facebook.com/groups/NissanLeafOwners/posts/7030862667011662/

Here is the full graphic from EV Club Thailand group on Facebook. which shows 2023 and 2024 registration figures and market share number of EV sales in 2023 was approx 90,000 and December sales are shown in January 2024 ev registration numbers

I think you will find that Neta had talks with PTT about PTT providing a factory for building neta cars in Thailand In the end Neta selected a different company NETA's EV manufacturing plant in Thailand is a collaboration between NETA and Bangchan General Assembly Co., Ltd. https://www.neta.co.th/en/news/brands-pr-news/NETAproductioninThailand Neta V” is not an EV brand “PTT” “Arun Plus” moves forward with a complete production plant https://www.bangkokbiznews.com/auto/1038676 So the planned new factory was for Arun Plus PTT own brand of EV

I think you must be smoking something strong if you think the EV market share is increasing substantially based on those numbers I don't think the EV brand manufacturers would agree with you since if demand was outstripping supply I am not aware of any industry that if demand was greater than supply would feel the need to resort to price reductions to increase their sales As previously stated many times before EV were available ICEV had 100% market share so it only takes to sell 1 EV for ICE vehicles market share to be decreasing. As for your request to do the research I chosed the option if you want the figures you should provide them yourself and you would have found it takes a lot of time and effort where looking at 2 links from 2023 and 2024 on Ev registrations took approx 2 minutes

Where is the misinformation. and I believe from a mod post becuase people don't agree with your views doesn't mean they are trolls I provided link for current ev registrations January to October 2024 and the whole of 2023 look at the 2023 link look at the total number of EV registrations remove the November and December figures and you have total number of ev registrations for the period of January to October 2023 then compared that with the 2024 link that shows total number of ev registrations for the period of January to October 2024 that is how you reach a YOY % increase of 2.159% difference between 2023 and 2024

Here an idea you walk into your car dealership you looking for a new car the salesman offers you 3 sealed envelopes envelope 1 shows the current market price envelope 2 shows the price after the 1st price reduction because the car isn't selling in the numbers that the brand require envelope 3 show the price after the 2nd price reduction Now if you absoutely need a new car next week or next month people will be forced to go with envelope 1 the others will more than likely walk out of the door and wait for envelope 2 or envelope 3 pricing

I was always told if you want something done do it yourself You want to know market share to support your beliefs even when the absolute numbers on the door show a different view meanwhile a new EV Factory in Thailand has been put on hold Read More: https://www.kaohooninternational.com/markets/548215

Sorry No can do and buyer behavior or market share doesn't sell cars going forward I think the Chinese EV Brands are going to have to rethink how they sell cars Maybe one solution would be a Guaranteed Future Value based on part costs so you take the 20 most expensive parts of a new EV and the brand offers you a GFV value taking into account wear and tear useage etc etc

Currently YOY ev registrations for 2024 for period 1st January 2024 to 31st October 2024 are 59,327 an increase of 2.159% over same period in 2023 ev registrations for same period 2023 numbers are 58,074 EV sales for the whole of 2023 was approx 90,000 EV sales for 2024 currently are 45,674 We will have to wait and see if 45,000 ev are sold between November 1st and 31st December 2024 problem I see if your buying a new car that costs B1 million baht do you buy when launched at B1 million or do you wait for 1st priice reduction after 7-8 months and buy at B750,000 or do you wait for 15 months and buy at 50% price reduction of B500,000 https://autolifethailand.tv/total-ev-bev-register-2023-thailand/ https://autolifethailand.tv/ev-register-oct-2024-thailand/

I am sure if you dangle the seal keys in front of her she might say okay Dad

You should try and steer your daughter away from MG5 to something else The MG 5 sedan has been awarded a zero-star ANCAP safety rating against the latest 2023-2025 testing protocols. The small sedan is one of two vehicles to receive a zero-star ANCAP safety rating under these latest testing protocols. The other vehicle is the Mahindra Scorpio body-on-frame SUV. https://www.carexpert.com.au/car-news/mg-5-receives-zero-star-ancap-safety-rating

Why don't you ask KhunLA the same question

I agree it was wrong timing for op but MG offloaded the ZS last August that was the time to buy if looking for a 5 seater