vinny41
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Posts posted by vinny41
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China’s Hozon Auto Confirms Layoffs Amid Efforts to Arrest Sales Plunge
Neta has been struggling in China’s fiercely competitive EV market, with total sales falling by 16 percent last year to 120,000 units. There was a further 12.1 percent drop in the first nine months of this year to 86,000. The company has faced reports of delayed salaries and bonuses in February and again in September this year.
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25 minutes ago, Presnock said:
BTW: there is a 2 November BP article saying that the government is drawing up a draft law on the worldwide income tax scheme which they plan to implement next year. Not much in the article other than this info that the BOI needs to come up with something to dull the pain on Tax resident foreigners having to pay taxes on income earned whether the income is remitted or not. Good luck.
BOI is looking at ways to ease the pain of foreign investors only
"We expect the tax to affect foreign investors who expand their businesses into Thailand, so we need measures to deal with the impact," said Narit Therdsteerasukdi, secretary-general of the BoI.
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2 hours ago, 4myr said:
Between 1 - 1.1M for plugin or extended range BEV for at least 400 km WLTP.
Prefer plugin for the convenience on long road trips.
Agree with LFP chemistry.
Fortunately you can choose different qualities at the moment, which varies in charge/discharge rate nC, number of charge cycles, energy density, battery cooling method and specific measures to prevent thermal runaway.
Here is my list:
1) Geely Aegis. In the EX5. And some Zeekr models. Has 3,500 cycles, 192 Wh/kg, 2.45C on average
2) CATL Shenxing and Shenxing Plus. Some Neta models have them3) BYD Gen 2 blade.
I read on the Australian BYD website that the Sealion 6 has the "new" blade battery. I don't know if it means Gen 2. I'm afraid all Thai cars right now have Gen 1.4) BYD Gen 1. I prefer to avoid this for now.
Advantage of a BYD car is that they have a lot of wiggle room to lower battery prices, and still earn a profit, as they are the second biggest producer.
This was posted October 30th regarding blade 2 battery
On October 30, a Chinese blogger claimed that the Yangwang U7 sedan would feature the second-generation BYD blade battery. Since earlier this year, it has been known that a second-generation blade battery is imminent, but details about the forthcoming battery have been slim.
https://carnewschina.com/2024/10/30/yangwang-u7-will-debut-with-blade-2-battery-claims-blogger/
I would expect Blade 2 battery to be released in China 1st before any other country
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3 minutes ago, Yodarapper said:
i don’t understand - we wait until December to save up the down payment. We have not looked at the safety but more at the price. We assume these top brands are quite safe. I think I would lean towards the veloz but with rumours a hybrid is coming soon I wouldn’t want to take a riskYour looking at resale value in 2-3 years time if you buy in December the car will have a lower resale value than if you buy the same model in January and that is reflected in the capital value that insurance companies quote
Don't assume anything regarding car safety some models in your selection have 6 airbags 1 model has only 2 airbags so driver and passenger only no airbags for rear passengers
Some models have 5 star safety ratings Some have 4 star ratings and Some have 3 star ratings
I would expect Veloz hybrid to be announced in either the Motor show next month or the motor show in March
Also take into consideration country of manufacturer as that can impact on parts availability, part pricing and insurance costs
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30 minutes ago, Yodarapper said:
The 3 we can afford and are looking at are:
toyota Yaris cross
toyota veloz - new one coming soon?
mitsubishi expander cross
Thoughts? Would want to buy in December.
Why buy in December if you look at online insurance sites
put in the details for a Toyota yaris cross purchased December 2023 and the same car for Toyota yaris January 2024 the capital value will be more for the January 2024 model that the December 2023 model that indicates from an insurance point of view the January Yaris 2024 model has a higher value than the December 2023 model even though the purchase price of the car was the same
Have you and your wife look at the safety aspects of your selected models
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Press release from Euroncap
Bringing up the rear, and ‘Not Recommended’ by Euro NCAP, is the BYD ATTO 3 with its Intelligent Adaptive Cruise Control. The speed assistance system did not interpret road signs correctly and scored only modestly in Assistance Competence. However, it was in Safety Backup where the car did not reach minimum standards, specifically the overall poor performance of ACC against stationary vehicles, and the lack of action taken in case of an unresponsive driver. In this critical scenario, the system effectively switches off steering support after a prolonged period of inactivity whilst maintaining speed control – leaving an unresponsive driver to his or her fate.
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BYD Atto 3 given worst Euro NCAP driver-assistance score ever
Euro NCAP says it doesn’t recommend the BYD Atto 3’s adaptive cruise control system, given that it “effectively switches off” after periods of driver inactivity
The BYD Atto 3 SUV has just received the worst Euro NCAP score ever for one of its driver-assistance functions, with safety experts advising drivers to use it at their own risk.
In its latest batch of safety tests, Euro NCAP gave the BYD Atto 3’s ‘Intelligent Adaptive Cruise Control’ system a ‘Not Recommended’ rating – the lowest grading it offers when it comes to testing driver-assistance systems and one that hasn’t been awarded until now.
https://www.autoexpress.co.uk/byd/364791/byd-assistance-systems-slammed-euro-ncap
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Car sales in Thailand in September 2024 total of 39,048 cars down 37.1% from the same period of last year.
- Seating car group. Sales total 15,668 cars decreased by 38.4%
- Commercial car group. Sales of 23,380 cars decreased by 36.2%.
- Only 1 ton pickup trucks (including Pure Pickup and PPV) Sales of 13,972 cars, reduced by 40.1%.
- Only xEV cars (including HEV and BEV). Sales of 13,102 cars 21%.
- Only HEV cars. Sales of 7,355 cars decreased 11%.
- Only BEV cars, sales of 4,982 cars decreased by 32%
https://www.facebook.com/photo?fbid=952842580213511&set=a.513637990800641
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13 minutes ago, mitebbots said:
does the Yaris Cross uses an electric motor for assist or similar to Prius that uses braking to recharge? there is zero technical info on the Toyota web site, not even millage that I can see.
see this thread here
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You might want to list it for sale in the motoring forum
someone was looking for an old pickup to use on their farm last week
no need to pay auction fees if it sells on here
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Official price BYD Sealion 6 DM-i Plug-in Hybrid: 999,900 – 1,099,900 baht (assembled in Thailand) | Increased by 60,000!
*** Price increase of 60,000 baht, effective from 1 November 2024 onwards.
For customers who reserve BYD SEALION 6 DM-i from August 8, 2024 – October 31, 2024* and receive the car by December 31, 2024* will still get the original Early Bird price of Dynamic model 939,900 baht / Premium 1,039,900 baht.
https://autolifethailand.tv/official-price-nov24-byd-sealion6-thailand/?
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CATL launches Freevoy battery for hybrid cars that can offer over 400 km range
Contemporary Amperex Technology Co Ltd (CATL, SHE: 300750) has launched a new battery for hybrid vehicles that is expected to enable a battery electric vehicle (BEV)-like experience for extended-range electric vehicles (EREVs) and plug-in hybrid electric vehicles (PHEVs).
The Chinese power battery giant released the Freevoy Super Hybrid Battery at an event in Beijing today, saying it offers a battery range of more than 400 kilometers for hybrid vehicles and supports 4 C fast charging.
https://cnevpost.com/2024/10/24/catl-launches-freevoy-battery-for-hybrids/
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59 minutes ago, Pib said:
Don't worry Toyota's revolutionary new engines and EV batteries (always just around the corner in anti-EV videos/articles) will make Toyota worldwide sales soar in the near future (another always just around corner). 😜😁
And I just love how that Toyota Europe Newsroom release refers to Toyota "hybrid" models as "electrified" sales/models although most of these models just have a small traction battery & small electric motor to "assist" in some driving scenarios the primarily combustion engine. Kinda like being a mixed breed of 90% combustion and 10% electric. Using "electrified" terminology might imply to some the Toyota hybrids are true EVs and Toyota is pressing full speed ahead in transitioning to fully electric vehicles. But hey, it's good salesman language for selling hybrids.
Toyota annual report has a tab which is labelled Sales of electrified vehicles and both the annual report and the Toyota Europe Newsroom both give a breakdown
by type HEV,MHEV,PHEV,FCEV and BEV
https://global.toyota/en/company/profile/production-sales-figures/202408.html
the Toyota Europe Newsroom provides the break down to each model so anyone reading it can see that for example 19,651 bZ4X BEV were sold
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Just now, KhunLA said:
Good for them (in Europe), but not enough to offset the worldwide decline. More accurate 'worldwide' stats below.
Toyota global sales decline slows in July
"In the first seven months of 2024 the group’s global sales, including those of Daihatsu Motor and Hino Motors, fell by 4.0% to 6,087,359 units – including a 27% drop in Japan 1,009,707 units while overseas sales increased by 2.6% to 5,077,652 units.
Toyota and Lexus’ global sales fell by 0.8% to 5,750,240 units year-to-date, including a 19% drop in Japan to 822,649 units while overseas sales increased by 3.1% to 4,927,591 units – driven mainly by strong demand in North America and Europe. Toyota restarted production of the Prius in Japan in June after output was suspended in April due to a recall.
Daihatsu’s global sales plunged by 42% to 266,965 units year-to-date, after it was forced to shut down production at a number of plants in Japan for prolonged periods in the first half of the year following the safety test rigging scandal that hit the headlines last December. Sales in Japan were down by 53% at 163,182 units while overseas sales fell by over 12% to 103,783 units."
As @JBChiangRai has posted many times
One Swallow does not a Summer make.
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2 minutes ago, JBChiangRai said:
Vinny, could you research the claim made by Sam in the video that Toyota's sales have declined 7 months in a row and tell us where it came from?
I tend to take with a pinch of salt what Australians say about the automotive industry as far as I am aware the only major known brand that Australia is known for is the Holden
The Holden was introduced to be Australia's car, being the first full scale produced automobile exclusive to the country. Prior to which, General Motors Holden's Ltd. assembled imported CKD kits from overseas General Motors subsidiaries such as Chevrolet, Buick, Vauxhall and more. And the only other cars built in the country being Ford and Chrysler vehicle bodies fitted to imported chassis.
https://en.wikipedia.org/wiki/Holden_(automobile)
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Toyota Motor Europe outperforms market with all-time record sales of 912,671 vehicles during first 9 months
Toyota Motor Europe (TME) vehicle sales up +6% year-on-year across the first three quarters, an all-time high for the period (1)
TME’s total electrified sales mix has now reached 75% of all vehicles sold in Europe
Toyota remains 2nd best-selling passenger car brand in Europe with sales growth of +5% year-on-year
Toyota C-HR sales up +8% year-on-year boosted by the introduction of a plug-in hybrid model
Lexus post record sales of 63,697 vehicles an increase of +17%, year-on-year
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40 minutes ago, jacob29 said:
What practical difference does it make whether it's 700% or 900%? It's a number massively higher than 100%, which is the point being made. It's my poor math converting 8x to 900% when it should have been 700%.
If there are lots of links showing 100% increases in premiums, maybe you should post those instead of an article that talks about the volume of claims.
It makes a huge difference also important to show the baseline number
if I sold one product in 2022 and then I said I increased sales by 1000% in 2023 that would mean I sold 10 products in 2023 selling 10 products not as impressive as saying sales increased by 1000%
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16 minutes ago, JBChiangRai said:
I think there is an issue with how we consider depreciation of EV's.
A car (to take Vinny's example) that used to cost 1,189k and now costs 599k by comparing to a purchase cost of 1,189k will have depreciated massively. But if we compare it to the new cost of 599k then it hasn't depreciated so much.
I think the moment a manufacturer slashes the price of their cars, all used examples take an extra hit of depreciation.
Is it fair to say EV's depreciate rapidly because of that? aren't we taking an extraordinary event to make a generalised conclusion?
I think manufacturers are finding their feet regarding pricing of EV's. Particularly the Chinese who aren't slashing their prices to survive, they are simply adjusting them to what they should be, and especially with the price of batteries falling.
Chinese EV's are sold in China at a realistic price, nobody thinks they are dumping product there, yet their cars are much cheaper there than Thailand which IMHO should be harmonised to that price structure. There is no valid reason they should cost so much more here.
I think they entered the Thai market thinking they could make a quick killing and now that they have competition, ( mostly from each other) they are stabilising to real price and real value.
The big issue I think, is if China can build and sell quality EV's in China to a price, why can't the rest of the world even get remotely close to that?
Competition is great for the consumer, it pushes price down and quality up.
For anyone that bought a MG ZS EV in 2022 and paid the after subsidy price of B949,000
their car value is approx B485K although most MG ZS EV are being advertised for around B469K now if there was no price reductions and alllowing an annual depreciation rate of 10% per year their car should be valued at B769K
The Chinese EV Brands are reducing their prices to sell and they have a huge overstock but at the same time the price of parts are not reducing at the same level that is taking place with the price reductions on cars
For the Chinese EV manufacturers that signed up to EV 3.0 subsidy in 2022 the conditions are for every car they imported in 2022 and 2023 they are required to build on a 1 to 1 ratio in 2024 there is an allowance that states if you don't build your quota in 2024 you can carry over that quota into 2025 but the ratio changes to 1.5 Thai builds for every 1 vehicle imported if you don't hit the quota and the end of 2025 they have to repay the subsidy + fines + import duties I have seen reports where the fines range from B550K to B750K
The easiest solution would be if they were allowed for the 2023,2024 imports to be allowed to delay some of the local build into 2025/2026 on the same ratio as 2024 1 to 1 ratio
Even with B450K price reductions that is still cheaper than paying back the subsidy y + fines + import duties
Chinese EV industry in Thailand faces a crisis. It is demanding an urgent hearing from the government on its promotions
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First class car insurance BYD ATTO 3
This year, the car insurance of BYD ATTO 3 has increased significantly from the first year of its launch. And many insurance companies have also 'delayed the warranty for electric cars', which has reduced the number of leading insurance companies quite a bit.
https://money.priceza.com/blog/car-insurance/byd-atto-3-price-insure-blog/
Thaivivat adjusts EV insurance premiums after the Office of Insurance Commission (OIC) gives the green light to adjust premiums by 50% according to risk...
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3 minutes ago, KhunLA said:
2 months ago, so let's deal in the present.
Told wife, they have that price, 'till they run out of cars'. She didn't ask, and nobody stated, if they actually had cars available.
Just stated the avert was real. Since they are still showing it, and no cars available, well .... nuff said.
MG updated their website 1st October
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19 minutes ago, KhunLA said:
You're not going to find one for 599k, as one poster tried locating.
So new price is 829k, and 2 yr old insured value is 590k = ~28% depreciation over 2 yrs. Much better than our ICE version's depreciation, 695k & 400k = 42%. But it was a buyer's market, especially where we live, and w were motivated sellers. Probably could have easily got 450k for it or ~35% depreciation.
I'm going by real life experiences, and numbers that are real, new price vs insured value. The 2nd hand advertised market means nothing to me. MG marketing to get you in the showroom means nothing.
Obviously, this is a unique time to buy vehicles, with the BEV price wars, and may go on for quite sometimes, since basically a new, emerging 'mass produced now', technology.
Depreciation is only relevant to those selling after a few years vs people (us) planning on keeping till it dies or repurposed into the solar system.
Before coming to TH, I was a 'hold 'em' till they die vehicle owner. First 3 POS new cars I bought here .. well ... you get what you pay for. So very happy MG arrived as quite happy with both ZSs and price points compared other offerings.
Still just a machine to get from point A to B. Though do enjoy the better performing and comfy ride over previous 3 POS, (Toyota & Mazda) we had before the ZSs. Especially when O&A, exploring locally or beyond.
You not going to find a new one at B829 as MG reduced the price to B599K as they wanted to clear the remaining stock before the replacement model comes in next year
And you wife confirmed with your local MG dealer that the B599k price was valid while stocks last as you posted here
And you posted "The 599k & 699k advert is accurate, and available a MG dealer, while supplies last. And if past sales #s are any indication, they have more than few sitting around."
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11 minutes ago, jacob29 said:
In 2023, EV sales in Thailand surged nearly eight-fold to 76,000 units, representing 12% of all vehicles sold
Sample size one.. are you being serious?
Thailand EV sales in 2023 went up 684% vs 2022
684% increase of ev sales between 2022 and 2023 not the 900% that you posted and still haven't provided a link to support that claim
There are plenty of facebook pages from various EV brands all stating that Insurance has doubled in insurance premium and that capital value has been reduced
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16 minutes ago, jacob29 said:
Your article says 100% increase in claims, not costs. EV sales increased by 900%, so they likely had more than 100% increase in policies as well.
Look foward to you providing a supporting link that EV sales have increased by 900%
You are correct the 100% increase in insurance premium was incorrect it was 122% increase in Insurance premium from B9k to B20K with a capital value reduction from B840K to B640K
as stated by the op here
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1 hour ago, KhunLA said:
Coming up on 2 years (Oct 30), of owning the 2022 MG ZS EV, and still Lovin' It. Can't think of any negatives for us. Really like the ZS, ICE & E versions.
We seem to average 20k +/- kms a year. 2 yrs / 40k kms with ICE version, and now 2 yrs / 35.5k with the E version. (19.5k the 1st year). Been hanging around the house more this past year.
Half our kms are O&A, requiring CSs & hotel stays. Half our local driving is also away from the house, exploring locally (50-125 kms, one way), no CSs or hotels needed.
~95%, or more, of home charging is done with solar. We really have not need for the grid, though connected for ฿26 a month, JIC.
MG dealer, service shop has been excellent, though very little needed, aside from check ups @ 10k kms. Local dealer is also their oops / body shop, and did an excellent job with our minor oops, and Roojai insurance was excellent, start to finish.
No negatives worth mentioning. BEVs fits our lifestyle & transport needs perfectly, whether car, MB or ebike.
Stated many times, for us, savings (long game) was motivation to buying, and afterwards, performance was way more impressive than expected, making it an even better choice for us. Makes driving fun again. If wanting either, highly recommend owning or at least test driving a BEV, before your next vehicle purchase.
With that, think I'm done with this thread, unless asked a specific question. I think everything I could think of was covered in the thread.
Thanks for contributing, asking questions, and helping with my choice before owning, and along the way.
HAPPY MOTORING
Solar & EV info is why I joined the forum, so thanks for all the info and assistance with those. Owning E-MB for 3 yrs, BEV for 2 years, w/Solar for 2 yrs, to compliment them. Threads on each if interested.
PEACE OUT
I think the major negatives are cost of ownership EV vs Petrol
2020 MG ZS 1.5 model D millage between 60K-80K prices on one2car range from B345K to B369K no next to nothing in depreciation from when you sold your car in 2022 at B400k
However the 2022 MG ZS EV model D has taken a huge hit in depreciation mainly from subsidy and price reductions
price before subsidy 1,189,000 baht
price after subsidy 949,000
Current price at dealers B599,000 for a brand new car
There is a MG 2022 model x millage 10K-15K advertised for B495K
depreciation and 100% increase in insurance costs + major reduction in Insurance capital value due to price reduction
I would have expect the inital price of EV insurance to have been substantially lower than ICEV on the basis that only 20 moving parts on EV compared to 2,000 on ICEV
but the killer is the EV battery which replacement costs are approx 70% of the total cost of the vehicle where compared to an ICEV there isn't a single component that costs 70% of the total cost of the vehicle
Viriyah Insurance
Mr. Surachai said that the number of EV insurance claims in the first quarter of 2024 grew by 100% compared to the first quarter of 2023. It is expected that the number of insurance claims in 2024 will grow by no less than 50% compared to 2023.
https://www.thairath.co.th/news/auto/evcar/2798462
ICE vs EV, the debate thread
in Thailand Motor Discussion
Posted
I haven't seen any in the news maybe you should post if your aware of any