vinny41

4 minutes ago, Pib said:

 

 

In the comments section there is a comment

VIDEO CUT & CLIP

1 hour ago, ExpatOilWorker said:

This case highlights the shortfall of the BYD warranty. If the battery casing failed, BYD should have jumped in and replaced it, but at the end the insurance company ended up with the bill.

It is almost as if BYD is doing a California Fitness with their 8 years warranty. 

Everything is covered and guaranteed,  unless something fails.

The car was a seal performance purchased December 2023 Capital value B1,400,000  Insurance initially advised the max they would pay is between B800,000-B900.000 initial repair cost B1,100,000

i have read the break point for repair is between 70-80% of the Capital value which would be between B980,000 and B1,120,000

 initially no assistance from dealer or brand with replacement car

As soon as story hit mainstream media damage control went into overdrive

A case of BYD Seal electric car users parked in the rain for 20 minutes. The car has a problem with the battery. Insurance is not accepting a claim-center is not responsible. Latest (8 m. ย. ) At 7:00 pm JS100. Ask Ms. Supinya. The car owner informed that.

"After posting it on social media, it was done quickly. Rewe informed that it will be replaced with a new battery within 7 days and there is a warranty as usual. Meanwhile, the center has temporarily given Atto 3 to use since the afternoon. The insurance department has contacted that they will temporarily send the car to use tomorrow. They have refused, but they have requested travel fee while waiting for the car to be repaired. Actually, 1,400 baht per day, 25 days, total 35,000 baht. The insurance agency said that. Will be bringing a check with a basket tomorrow 09:00am

Condition of deal was delete original social media post ( which is pointless once it was reported by mainstream media

https://www.facebook.com/js100radio

There was a facebook group that tried to shut the story down, not sure why brand protection they were indicating fake news as the owner only had 11 friends therefore must be a fake account

Most Europeans I know closed their facebook accounts 20 years ago

6 minutes ago, ExpatOilWorker said:

Interesting plot twist. The real owner is a foreigner.

 

The owner is Thai The husband is a foreigner he advise wife to buy Hybrid Wife said no she wanted EV

bizarrely Husband was going to his embassy on Monday about this problem

Not sure what he expected embassy to do

I see reports of similar problem with MG EP/ES although cost substantially lower as only 2 of the 6 battery modules affected so only B140,000 for replacement

Ground Clearance Unladen (mm) 120mm for BYD Seal

https://www.reverautomotive.com/en/model/seal/tech-spec

3 hours ago, ExpatOilWorker said:

Ohh no! Chinese IP67 is more about ingress than protection.

The real story, why isn't this wet Seal owner sharing a happy story of BYD handing him the keys to a new vehicle?

Surely his car is still under the amazing BYD warranty. 

 

However, after trending on social media earlier this morning, the insurance company called to inform that the cost of the repair has been approved. The car is expected to be received in 2-3 days. I admit that it has been a good car all through. But when I encounter such an incident after the repair, I would have thought of selling it and looking for another type of car that is not an electric car to use instead. Due to the current weather, there are frequent floods.

https://www.facebook.com/onenews31

15 minutes ago, JBChiangRai said:

 

So to summarise.

 

The Automarket appears to be in recession.

The share of BEV's increased this month over last month.

The share of BEV's increased this month over last month. shouldn't be a surprise to anyone as we know 17,000 reservations were made for BEV's at the recent motor show last week march 1st week April

1 hour ago, ExpatOilWorker said:

Last month our northern wine conneciour  was all dressed 👗 up and ready to go when he was denied entry at the last step to the Pearly Gate, thanks to 266 EV buyers.

Back on green pasture, in the claim that we will never see 3 consecutive months of falling EV sales, the clock ⏰️ is again ticking down with May's y-o-y drop in registrations. 

 

DLT is reporting for 

R.Y.1 Private passenger car with no more than 7 people
January  2024 13,321
February 2024 3,530
March    2024 4,722
April    2024 4,009

Total sales figures for RY1 for 2024 from 1st February 2024 to 31st May 2024 17,535
so if just looking at R.Y.1 you might want to update your chart

4 minutes ago, ExpatOilWorker said:

Finally some meat 🍖 on the bone, although it sounds very low.

Any chance you can find the Ciaz numbers for May?

I must admit I was expecting closer to the 10,000 mark based on the 17,000 reservations at the recent Motor show and assuming that the majority of vehicles were already in Thailand

Ciaz numbers not upload yet I think you will need to wait until Monday

On 6/5/2024 at 11:21 AM, ExpatOilWorker said:

That is pretty bad new......for BYD.

They booked nearly 8,000 registrations in January 2024, but after that it was pretty abysmal. 

Anyhow, it is old news, we are waiting for May's numbers. 

R.Y.1 Private passenger car with no more than 7 people May 2024 BEV 5,274 registered

@ExpatOilWorker

Suzuki announces the cessation of production operations at its automobile manufacturing plant in Thailand.

June 7, 2024 - Suzuki Motor Corporation announced its decision to cease production at the automobile manufacturing plant of its subsidiary in Thailand “Suzuki Motor (Thailand) Co., Ltd.” (hereinafter referred to as “SMT”) by the end of the period. 2025. This decision is part of a review of Suzuki's global production structure.

https://www.suzuki.co.th/news/articles/news-182

Xiaomi SU7 looks like it's on fire!

But actually, it's just a "new skin" with LED lights all over its body

https://www.facebook.com/ShanghaiDaily1999/videos/713867630788887

Strange

6 hours ago, ExpatOilWorker said:

DLT is still withholding May's registration numbers?

Numbers are probably so low, both for EVs and ICEs, that it is indicative the new government is facing a financial crisis.

BOT had a talk with the banks on how to reduce loan rejection rates.

While lower domestic cars sales is bad news, the Chinese auto export tsunami is about to demolish Thailand's auto export markets.

 

“AUTO LOAN APPROVALS ARE CURRENTLY REDUCED TO AROUND 70% OF THE CAR'S VALUE. IN EVERY SEGMENT WHICH FINANCIAL INSTITUTIONS CONSIDER FROM HIGH HOUSEHOLD DEBT AND REDUCING THE RISK OF BAD DEBT. THEREFORE, THE DOWN PAYMENT LIMIT IS GIVEN AT THE RATE OF 20-30%.”

Bank of Thailand” prepares to call automakers to discuss household debt problems affecting loan approval.

https://autolifethailand.tv/bank-of-thailand-dept-loan/

Auto Loan Rejections in Thailand Projected to Hit 40% as Household Debt Soars

https://www.chiangraitimes.com/finance/auto-loan-rejections-thailand/

2 hours ago, ExpatOilWorker said:

The insurance myth is hereby confirmed. 

Insurance companies realized they were under-bidding each other, so once the free first year insurance expires, expect to pay a premium.

 

New EV insurance criteria breaks because the software doesn't take responsibility.

'Exemption from responsibility for software errors'  because car insurance aims to prevent errors and cover accidents caused by humans only. But if an error causes an accident from the vehicle's own software system, such as the auto-pilot system, the insurance company will not be responsible for this part.

OIC clearly stated on page 28.

For example:

The car's auto-pilot system was turned on to drive for us, but the system made a mistake and caused it to turn and hit the side of the road, causing an accident. In this way, the insurance company will 'Not covered' 

https://techsauce.co/news/revealing-4-new-conditions-for-ev-car-insurance

10 minutes ago, Yellowtail said:

I know what point you were trying to make. 

So if you were running a business in the UK and you business was facing a tax bill of the UK equivalent of baht B3 million and your have the option of reducing that tax bill with the purchase of an EV

would you choose an EV that reduce the tax bill to zero or would you choose an EV that only reduced the tax bill by 50% or choosing an EV that you reduced the tax bill by 20%

1 hour ago, ExpatOilWorker said:

The insurance myth is hereby confirmed. 

Insurance companies realized they were under-bidding each other, so once the free first year insurance expires, expect to pay a premium.

 

I must admit I wasn't aware 2nd year insurance for a Tesla Model 3 was so expensive at 58,500 baht with a capital amount of 1,550,000 baht

sad story here of Tesla model 3 driver that crashed into a number of concrete poles to avoid a Burmese motorbike that moved into the lane he was travelling in

Burmese motorcyclist no driving license 

Repair costs B1,8 million insurance capital amount B1,550,000 shortfall of B250,000

https://www.facebook.com/groups/2389905174463399/permalink/7592494694204395

22 minutes ago, Yellowtail said:

Not really enough information available in your example to make a sound decision on what to buy. 

The point I was making is

If you’re a business owner in the UK , you can also benefit considerably from tax savings on electric cars. Since April 2021, brand-new, zero-emission EVs have qualified for a First Year Allowance (FYA), which allows for 100% of the EV cost to be offset against yearly taxable profits.

The FYA benefit must be redeemed in the same year the EV was purchased

so my examples were if in the UK you were looking at a tax bill of the UK equivalent of baht B3 million would people choose the BMW IX3 reducing the tax bill to zero over a BYD seal which would still leave you with a tax Bill of the UK equivalent if B1.5 million baht

it can be any models i just gave those models as an example

On 6/4/2024 at 6:38 AM, ExpatOilWorker said:

Moved a bit closer to "Confirmed".

https://autolifethailand.tv/insurance-bev-2567/

 

However, because the amount of electric cars in Thailand is still in the beginning stages of growth and is still a new technology. As a result, repair costs and replacement parts costs when damage occurs to the vehicle are still 20-30% higher than normal cars on average. Therefore, although the price trend for electric vehicle insurance premiums in 2024 may gradually decrease, they may still be higher than insurance premiums. General cars in the same price range

Thailand:General insurers form group to study EV insurance

Mr Wasit said, “Because most EV cars are new cars, insurance companies have not yet seen the claim rates. So I understand that there is still enough profit. But now, there are clear signs that the loss ratio of EVs in the market has increased significantly, reaching the level of 90-100%, which is close to a loss.” The costs of repairs and spare parts for EVs are 50-60% higher than for combustion vehicles.

https://www.asiainsurancereview.com/News/View-NewsLetter-Article/id/88427/Type/eDaily

Commission rates of 18% if you use an agent or broker seems rather high

32 minutes ago, JBChiangRai said:

Yes, you are right, that article in an Irish newspaper was talking about the British market, they should have made that clear.

 

It shows what a difference price makes, in this case price with subsidy.

 

 

For UK business its something of a no brainer

example if running a business and the accountant advises the company is liable for a large tax bill and the accountant advises

1) purchase a neta V  company is still left with large tax bill

2) purchase a BYD seal company is still left with a smaller tax bill

3) purchase a BMW IX3 and company will pay no tax

Most people given a choice will opt for the BMW IX3

31 minutes ago, JBChiangRai said:

In Ireland EV sales are outperforming the market.

 

Sales of new electric cars outperform market (msn.com)

Uptake of new electric cars is being driven by purchases for large fleets, with those volumes rising 10.7%.

Registrations of the vehicles by private buyers declined by 2.0%.

That is UK business market not Ireland 

If you’re a business owner, you can also benefit considerably from tax savings on electric cars. Since April 2021, brand-new, zero-emission EVs have qualified for a First Year Allowance (FYA), which allows for 100% of the EV cost to be offset against yearly taxable profits.

The FYA benefit must be redeemed in the same year the EV was purchased

https://connectedkerb.com/stories-and-reports/understanding-electric-vehicle-tax-benefits-in-the-uk-driving-towards-savings/#:~:text=Since April 2021%2C brand-new,year the EV was purchased.

For Ireland

New electric car sales drop for fourth month in a row

Just over 1,000 new electric cars were sold here in May, down over 39% on the same month last year.

This is the fourth month in a row that new EV sales have dropped.

New figures from the Society of the Irish Motor Industry (SIMI) show that just over 10,000 new EVs have been registered across the country so far this year, down almost 22% on the same period in 2023.

https://www.rte.ie/news/business/2024/0604/1452944-new-electric-car-sales-drop-for-fourth-month-in-a-row/

11 minutes ago, mistral53 said:

January to April 2024, compared to same period last year, overall sales are down 23.9%, one player is bucking the trend...... 😇

These are not sales numbers they are registration numbers and it includes Sales figures from December 2023

The registrations numbers for BYD for February 2024, March 2024 and April 2024 total combined figure is 3,097 

3 hours ago, ExpatOilWorker said:

It appears that autolife has lost interest in EVs, so is there a chance that out two pillar of factual knowledge and defacto DLT data miners @Pib and @vinny41 can unveil registration numbers for May?

Due to 1st June falling on the weekend and Public holiday on Monday data upload has been delayed

2 hours ago, josephbloggs said:

That was built in the ocean which is pretty stupid.

Thailand is building them on reservoirs. Pretty sure big waves aren't a problem there. Right?

link states it was built at a dam

A recent storm rendered the world's largest floating solar plant at Omkareshwar Dam in India inoperative shortly after its launch, sustaining significant damage. 

https://www.msn.com/en-us/weather/topstories/storm-ravages-world-s-largest-floating-solar-plant/ss-BB1nsTq3?ocid=weather-verthp-feeds

4 hours ago, JBChiangRai said:

That maybe true in America, it’s certainly not true here.

33 minutes ago, JBChiangRai said:

 

I didn't give you a confused emoji

 

 

Did I say that?  

 

 

For a start it doesn't show the trend of what buyers are choosing and secondly, it's off topic.

If my post was off-topic that must mean your post was off-topic as it was you that introduced Thailand into the thread as none of the previous posters mentioned Thailand in their posts

1 hour ago, billd766 said:

Do you have any actual figures and links, or are we supposed to just take your word for it?

53 minutes ago, JBChiangRai said:

 

This had been discussed in another thread, I suggest you continue it there.  Or did you cut and paste it here trying to whip up some clearly needed credibility?

Thanks for you post I was replying to @billd766 post where he as asking for links