vinny41

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/

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

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

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/

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.

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

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

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/

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.

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/

Audi and Porsche are recalling 6,676 electric vehicles due to a potential fire risk. At the heart of the issue is a possible leak inside of the battery that could lead to arcing and then a thermal event. Audi and Porsche plan to have dealers inspect each car and then go to the costly measure of replacing the entire battery if needed. According to Porsche, it first became aware of this issue back in 2022 due to reports of “reduced insulation values” in some Taycan batteries. https://www.carscoops.com/2023/09/porsche-taycan-and-audi-e-tron-gt-recalled-over-potential-fire-risk/

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 The domestic value added (domestic value add) that Thailand will receive from the production of 1 EV car is much lower than the production of ICE cars due to having to rely on importing key parts from abroad. Meanwhile, in the original product group that Thailand can produce, it is likely that prices will have to be reduced in order to compete with Chinese entrepreneurs. Because Chinese companies can import directly from China at a much lower cost than Thailand. As a result, even if an EV car factory is established in Thailand, the benefits that Thailand will receive from car production will be less than in the past. https://brandinside.asia/car24-layoff-2024/

Some Brands manage to recover from Junk status 10 years ago Tesla was down graded to Junk https://money.cnn.com/2014/05/28/investing/tesla-junk-bond-rating/ Same applies to Ford and GM

Not aware of any forum rules that state that all posters must answer BKK Brian questions

I don't recall posting you didn't like it I posted "If you not happy with the Title Thread suggest you take that up with the Op

Thread Title still remains the same Israel is at War - General discussion (pt3)

If you not happy with the Title Thread suggest you take that up with the Op

its in the FT link also he was former judge and former president of the International Criminal Tribunal for the former Yugoslavia

Thread Title indicates that you are incorrect Israel is at War - General discussion (pt3)

The ICC Prosecutor is part of the ICC The ICC Prosecutor has put forward applications for warrants of arrest before Pre-Trial Chamber I of the International Criminal Court in the Situation in the State of Palestine. Applying for an Arrest Warrant or Summons to Appear Based on the evidence it gathers during an investigation, the OTP can submit a request to the ICC judges, asking them to issue arrest warrants or summonses to appear. Once the judges determine that there are reasonable grounds to believe that a person has committed a crime within the Court's jurisdiction, the judges will only issue an arrest warrant to ensure the person's appearance at trial, to ensure the person does not obstruct or endanger the investigation or Court proceedings, or to prevent the person from continuing to commit the crime in question. https://www.icc-cpi.int/about/otp https://www.icc-cpi.int/news/statement-icc-prosecutor-karim-aa-khan-kc-applications-arrest-warrants-situation-state In addition there are a number of legal experts 5 British and 1 American-Israeli that support this application https://www.ft.com/content/aa2089c5-6388-437d-bf5c-9268f3a788ce

You are living in fantasy land every time the USA tries to do something through the security council there is 2 parties which will just use their veto card The days of the US bully boy tactics are over

The ICC would then become the World power , arresting anyone they disagree with . You mean like the dozen Republican senators who threaten the ICC prosecutor and his family “Target Israel and we will target you. If you move forward with the measures indicated in the report, we will move to end all American support for the ICC, sanction your employees and associates, and bar you and your families from the United States,” the senators wrote in the letter sent April 24. “You have been warned,” the letter concluded. https://www.politico.com/live-updates/2024/05/06/congress/gop-senators-warn-icc-on-israel-00156232

She was born in Belgium and she represents the Government of Belgium Biden is of Irish origin and he doesn't share the same view as the current Irish Government