vinny41
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to get similar price with RooJai Bodily injury is set to the lowest As from June 1st 2024 the updated Capital amounts have changed to 2024 model Sum insured up to ฿688,000 Model D 2023 model Sum insured up to ฿544,000 Model D 2022 model Sum insured up to ฿520,000 Model D
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Byd Thailand facebook group Get a special premium for 1st class insurance from Wiraya Insurance Company. Insurance capital 940,000 baht. Price is only 25,000 baht. https://www.facebook.com/groups/bydthailand/permalink/813047220802061 I sure most people know with online insurance quotes you get a basic quote price with the lowest options regarding person accident insurance , hospitalization and other options and the price increases even if you take the middle of the road options and lower the capital amount lowers the insurance quote And here is a similar post premium 25,400 Capital 960,000 to repair the mall. https://www.facebook.com/groups/bydthailand/permalink/809304117843038
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Both links were related to residential storage system batteries not EV's GM battery partner LG Chem forced to recall another 15,000 batteries GM settles with LG for $1.9 billion BOLT recall + foots $100 million bill 2nd owners don't always get recall information so it would be most welcome if your willing to put time and effort into publishing a list of all recalls both EV's and ICE
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Consumers are being urged to check their solar energy storage systems for unsafe LG solar batteries, after the Assistant Treasurer today issued a proposed recall notice for specified LG solar storage batteries, which can overheat and catch fire without warning. Across Australia, 13 incidents of property damage have been linked to the affected batteries, including a house in Victoria that was destroyed. https://www.accc.gov.au/media-release/proposed-compulsory-recall-of-dangerous-lg-solar-storage-batteries 10,000 LG Chem lithium batteries recalled over fire hazard https://www.batteriesinternational.com/2021/08/12/10000-lg-chem-lithium-batteries-recalled-over-fire-hazard/
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New Mobile Banking Rules Aim to Curb 'Horse' Accounts
vinny41 replied to webfact's topic in Thailand News
What devices are compatible with K PLUS ? The new version of K PLUS can be used with a mobile phone or tablet equipped with iOS 9.0 or Android 5.0 and higher, and the device must have never been jailbroken or rooted. If you do not use a device with such specifications, you will not be able to access this version of K PLUS. So you should change to a newer device which supports iOS 9.0 or Android 5.0 and higher. https://www.kasikornbank.com/en/personal/digital-banking/kplus/help/Pages/all.html Shouldn't be an issue unless you buying nearly new phones that have been jailbroken or rooted -
Look at Subaru sales in Thailand over the past 13 years (2011-2024) before stopping car production in Thailand on December 30, 2024. https://autolifethailand.tv/subaru-thailand-tan-chong-group/ Discount: Reduced price 280,000! Special price Subaru Forester Minorchange: 1,170,000 – 1,450,000 baht (Thai assembly) or 0% interest for 72 months. https://autolifethailand.tv/discount-special-price-subaru-forester-thailand-may-2024/
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Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
I think you should look at the 30@30” policy more as an ambition rather than set in stone, I am sure when the policy was written the economy was in a much better position than the current position and people when they are formulating such policy always look in a single direction of economy going upwards never building in factors that the economy may dip or go in the opposite direction In 2008 the UK government announced a plan that every property in the country would have smart meter fitted by 2019 and these smart meter would be zero cost to the end user and would save the end user huge savings Energy costs when the policy was launched smart meter required 2g and 3g telecommunications networks ( 4g and 5g weren't available at the time ) Currently 2g and 3g telecommunications networks are being decommissioned and those services will no longer be available As of December 2023 t’s no secret that the UK’s smart meter rollout has been challenging. With the original 2019 deadline passed, the latest figure for smart meter penetration stands at 57% https://www.smart-energy.com/industry-sectors/smart-meters/with-the-new-energy-act-the-uk-smart-meter-rollout-is-at-a-technological-crunch-point/ Now if a Government can't deliver on a policy within a timeframe that adds zero cost to the end user what are chances of success where a policy adds hundreds of thousand baht to the end user People from the UK must remember when the Government announced that Diesel was the cleaner fuel of the future and were advising everyone to swap their petrol cars for diesel Dash for diesel Why officials in Labour government pushed 'dash for diesel' https://www.bbc.com/news/uk-politics-41985715 -
here is a thread from 2016 on the same subject In most countries in Europe you would need to obtain a car passport A Carnet de Passages en Douanes is an internationally recognised Customs document entitling the holder to TEMPORARILY import a vehicle duty-free into certain countries, which normally require a deposit against import charges for such vehicles (generally countries outside Europe). The Carnet is used within the legal framework of the UN Customs Conventions of 1954 & 1956, and the ‘Convention on Temporary Admission’ (1990), the so called ‘Istanbul Convention’ https://www.carseurope.net/carnet-de-passage-en-douanes-cpd/ On issuing a Carnet, a Carnet holder becomes directly responsible for the payment of customs duties and taxes if the regulations concerning temporary import are infringed. In order to take on this responsibility, CARS requires the applicant to meet a number of conditions: they must be able to give a full postal address and provide a legible copy of their passport, vehicle registration document/certificate and driving licence (paper form and photocard). The applicant must also provide a security amount in the form of either a non-refundable insurance indemnity or a part-refundable deposit guarantee. A percentage of the deposit guarantee will be charged to cover administration and bank fees. Most countries will ask you to provide a deposit for you vehicle which will be refunded once you leave the country There is a couple travelling the world from the UK in a Ford transit van youtube TREAD the globe when they entered Malaysia they were asked to provide £15,500 for the Malaysian carnet which is refundable once the vehicle leaves Malaysia so the idea of wasting the vehicle or selling it for spares is a non-starter
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Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
it seems the visa free entry is already in place Thailand approves 30-day visa exemption for Japanese businesspeople https://thailand.go.th/issue-focus-detail/thailand-approves-30-day-visa-exemption-for-japanese-businesspeople I guess doing business attending meetings, signing contracts on a tourist visa is not a wise thing do to -
Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
It looks like that Thailand has made the correct decision by supporting both ICE and EV manufacturing in Thailand Prime Minister Srettha Thavisin has assured Japan’s PM Fumio Kishida that Thailand will not abandon Japanese makers of conventional vehicles during its transition to an electric-vehicle (EV) manufacturing hub. https://www.nationthailand.com/thailand/policies/40032908 At the moment more needs to done to bring the EV supply chain on board in Thailand As stated before majority of jobs and domestic added value is currently in existing ICE manufacturing not EV -
Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
There is a US think tank that thinks the EU should slap import tariffs of between 50-55% https://rhg.com/research/aint-no-duty-high-enough/ While the numbers may seem eye watering current tariffs on EU cars exported to Thailand is 80% -
Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
Wuling Air EV The entire vehicle is imported from Indonesia (PT SGMW Motor Indonesia) by EV Primus Company Limited. It comes with a quality guarantee for the vehicle and battery for 5 years or 50,000 kilometers. https://www.headlightmag.com/2023-06-29-official-price-wuling-air-ev-thailand/ -
Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
There is a mini-ev due to be launched in Thailand q3 2024 https://autolifethailand.tv/nex-dayun-ev-mini-suv/ -
Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
Correct Turkey is in negotiations with Chinese electric vehicle (EV) manufacturers BYD Co. and Chery Automobile Co Ltd. for factory investments in the country, a step that could help the companies boost sales to Europe, Bloomberg reported on Friday. “We would like to complete the talks as soon as possible. We have come a long way with both of them,” Minister of Industry and Technology Fatih Kaçır told Bloomberg in an interview in Ankara. Separate negotiations with SAIC Motor Corp., which owns MG, and Great Wall Motor Co. are also underway, he said. https://www.turkishminute.com/2024/05/18/turkey-had-talk-with-chinese-ev-manufacturer-for-factory-investments-report/ -
Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
Expect EU will slap tariffs of between 30-40% on Chinese vehicles before July 4th 2024 European Commission warns BYD, SAIC and Geely that their lack of cooperation frees its hands to impose higher penalties, letters seen by POLITICO show. The letters, addressed to EV makers BYD, SAIC and Geely and all dated April 23, reach the same conclusion: that the trio did not provide enough information on subsidies, operations and supply chains. Working without these inputs, the Commission says, means it will need to revert to the concept of “facts available.” This usually means, in practice, that it has a free hand to slap higher duties on the imported products. https://www.politico.eu/article/china-electric-vehicle-uncooperative-probe-european-commission-letters/ US markets are off limits due to 100% tariffs -
Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
Its something that they were discussing last week all EV manufacturers know if they want to export via FTA agreements 40% local content is a requirement for now https://www.thaipr.net/business/3473532 -
Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
If a Chinese car meets the 40% local content requirement and is certified as originating from Thailand, it will be exported within and outside the ASEAN region through the ASEAN FTA network. https://www.thinkchina.sg/economy/made-thailand-chinese-evs-could-fill-auto-market The 40% is the current minimum requirement I am sure that % number will increase over time If you look at the EU-UK TCA which applies to EU selling EV to UK and vice versa The post-Brexit Trade and Cooperation Agreement (TCA) says that, to qualify for zero tariffs, at least 55% of the value of EVs needs to be from the European Union or Britain, with values of 65% for battery cells and modules and 70% for battery packs However, it contains two transition periods, the first with EVs requiring 40% local content and battery packs and components 30%, the second for 2024-2026 at 45% for EVs, 50% for battery cells and modules and 60% for battery packs. Import tariffs of 10% apply for EVs falling short of those requirements. The Commission's proposal is to extend the first transition period for three years to 2027, when the full local content requirements of the TCA will apply. https://www.reuters.com/business/autos-transportation/eu-set-delay-tighter-rules-electric-vehicle-trade-with-britain-2023-12-06/ -
Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
BYD's EV plant in Thailand to start production in Q3 2024 https://cnevpost.com/2024/03/29/byd-ev-plant-thailand-to-start-production-q3/ I did see a news item last week which showed people queuing for job interviews It will be interesting to see how the negotiations go with Thailand and EU on FTA as normal the EU looks at FTA more than just trade they want to see changes in the country as well on various issues that have nothing to do with trade I am sure the mindset of some European countries with FTA agreements is to recreate the past of European missionaries want countries to adopt European Values https://eastasiaforum.org/2024/04/30/empowering-democracy-through-the-eu-thai-trade-agreement/#:~:text=Thailand aims to finalise a,trade interests and democratic values. -
Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
This article explains it very well If the "40% local content" requirement cannot be met, the majority of BEVs produced in Thailand will remain in the domestic market. If there is an oversupply, the entire market will be affected if discount sales become rampant, similar to what happened in China. If a Chinese car meets the 40% local content requirement and is certified as originating from Thailand, it will be exported within and outside the ASEAN region through the ASEAN FTA network. This will lead to direct competition between automobile companies in destination countries and Chinese cars originating in Thailand. In any case, the Asian automotive industry is undergoing a major transition. https://www.thinkchina.sg/economy/made-thailand-chinese-evs-could-fill-auto-market 30% local content = limited export markets 40% local content = greater export markets -
It seems VW UK issued a recall on Goodyear tires in 2023 Service Campaign/Recall Number 44T5 Commencement Date 11/05/2023 Service Campaign/Recall Description W-ID.3 Goodyear tyres https://www.id3forums.co.uk/viewtopic.php?t=2950
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Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
Both the production of EV's and ICE vehicles are good for the economy but as it stands at the moment ICE vehicles with 90% local content are better than EV's with 30% local content -
Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
For the export market Indonesian seems to be ahead of the game regarding 40% local content In August this year, Indonesia announced a two-year extension for automakers to meet eligibility requirements for electric vehicle incentives. With the newly introduced, more lenient investment regulations, automakers can pledge the production of a minimum of 40 percent EV components in Indonesia by 2026 to be eligible for incentives. https://www.aseanbriefing.com/news/indonesia-market-prospects-for-electric-vehicles-sales-manufacturing-investments/ -
Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
My original post never stated that what I posted was From The Thai economics point of view ICE vehicles made in Thailand provide more jobs and generated more revenue than an EV made in Thailand as the local content i.e made in Thailand for a Toyota Hilux is 90% compared to an EV made in Thailand where local content is 30% majority of parts for EV's are imported in from China Currently 30% local content for EV vs 90% local content for ICE vehicles Its simply the domestic value added in the form of value and jobs is greater for ICE vehicles than of EV's -
In the article is does state Tyre manufacturer Michelin has previously said that conventional tyres wear out around 20pc faster in an electric vehicle, while Goodyear said they can degrade as much as 50pc faster. Last year, research by technology firm Epyx found that, on average, tyres fitted to EVs lasted 6,350 fewer miles than those on petrol or diesel cars. The first tyre change for electric cars takes place after an average of 17,985 miles, compared to 24,335 miles for petrol and diesel cars. Department for Transport data from 2015 to 2018 showed that 46pc of electric car MOT failures were caused by tyres, compared to 32pc for petrol cars. So is it the case that both Tyre manufacturers Michelin and Goodyear are incorrect when they state conventional tyres wear out around 20pc faster in an electric vehicle,while Goodyear said they can degrade as much as 50pc faster.
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Thailand Faces Economic Question: China and EV Cars
vinny41 replied to webfact's topic in Thailand News
There no chance of Thailand taking all of the EV Asia market as countries such as India, China, Indonesia ,Japan ,South Korea and Turkey are not going to hand over their automotive industry to Thailand of all of their automotive industries. A number of these countries already have FTA agreements with the Europe where they have to follow Rules of origin and agree on common rules on government subsidies https://asia.nikkei.com/Spotlight/Environment/Climate-Change/Japan-and-EU-to-unify-subsidy-rules-for-EVs-solar-panels In this BOI Opportunities and Support Measures for EV Activities it states No local content requirements https://www.boi.go.th/upload/content/20230706 EN BOI_.pdf This year it was announced Thailand announces additional criteria for battery powered electric vehicles produced in Free Zones Local content threshold: Goods produced must meet a minimum 40% local/ASEAN content threshold https://globaltaxnews.ey.com/news/2024-0381-thailand-announces-additional-criteria-for-battery-powered-electric-vehicles-produced-in-free-zones Yes Thailand will be a major player in ev manufacturing within the ASEAN Member Countries but I think they will have to share the EV market with Indonesia since they have access to The country is the world’s leading producer of nickel, a crucial ingredient in the production of lithium-ion batteries, which are the predominant choice for EV battery packs. Indonesia’s nickel reserves account for approximately 22-24 percent of the global total. Additionally, the country has access to cobalt, which extends the lifespan of EV batteries, and bauxite, used in aluminum production, a key element in EV manufacturing. This ready access to raw materials can potentially reduce production costs by a substantial margin https://www.aseanbriefing.com/news/indonesia-market-prospects-for-electric-vehicles-sales-manufacturing-investments/