4myr

Had similar experience with this office last year. Went there twice. Even spoke with the lawyers office on the 3rd floor. Things they don't understand or recognize, even after reading out loud the Thai version of my country's DTA: they said they never allowed DTA exemptions in their history of cases, only tax credits. Even for cases not mentioned in the DTA they allow tax credits, this according to my first visit with the tax officer lady. Hua Hin is a smaller branch. But you can go to the regional office where Prachuap is part of [ https://www.rd.go.th/english/40118.html ]. It is Office 6, but located in Bangkok. Here's the address https://www.rd.go.th/region/06/19.html

For what it's worth. Had a free consultation call with Thomas Carden's office. Tax resident in 2024, remitted savings prior 2024 above threshold for married couple. Do I need to file? Answer: NO, but strongly advised to file. Why? Because all Thai banks will report to TRD all remittances per bank account. How to file? Put 1 baht interest income and attach evidence 1) total remitted income 2) 2023 balance statements of foreign bank savings.

Why many are talking about the 60/120k thresholds. According to the 2023 TRD guide, these are the thresholds: https://www.rd.go.th/fileadmin/download/english_form/2023/GUIDE_91_66_Complete.pdf

A few articles on Thai and China EV insurance markets give insight into why at the moment EV insurance costs are higher than ICE equivalents. The EV (insurance) market is more mature in China. The trend of increasing insurance premiums for EVs is not unique to China and Thailand; similar patterns have been observed in markets like Australia, US and the UK. "Thailand's EV insurance struggles with high costs, rapid depreciation" https://www.reccessary.com/en/news/th-market/ev-insurance-loss-rate-hit-over-90-percentage-attery-is-main-challenge-thai-insurers-commented The article highlights a complex landscape for EV insurance in Thailand, characterized by high loss ratios driven by battery costs and competition among insurers. While there are significant challenges, including stricter lending practices and complicated insurance requirements, government incentives and advancements in local manufacturing present opportunities for growth. The future of the EV market will depend on how insurers adapt to these changes and address the specific needs of EV owners. Overview of EV Insurance Challenges High Loss Ratios: The Thai General Insurance Association (TGIA) reports that the loss ratio for EV insurance has surged to over 90%. This means that for every 100 baht insured, insurers are incurring losses of 90 baht or more. This high loss ratio is attributed to several factors, including the rapid depreciation of EVs and increased maintenance costs, which are 50-60% higher than those for internal combustion engine (ICE) vehicles. Battery Costs and Risks: Batteries represent about 70% of an EV's price and pose significant risks, such as fire hazards and high replacement costs. The rapid pace of technological advancements can also render parts obsolete quickly, complicating long-term insurability. Impact of Competition: The intense competition in the insurance market has led some companies to modify their premium structures. For example, Tokio Marine Insurance's Thai branch has adjusted its premium calculation method, particularly affecting new customers or those transferring policies. Factors Affecting the EV Market Cybersecurity Risks: The increasing connectivity of EVs raises cybersecurity concerns, further complicating risk assessments for insurers. Government Policies: Despite these challenges, there is optimism about the growth of the EV insurance market due to government incentives aimed at promoting EV adoption. These incentives are part of a broader push for sustainability and environmental awareness among consumers. Local Supply Chain Development: The establishment of production facilities by various manufacturers in Thailand is enhancing the local EV supply chain. This increased capacity is expected to drive down production and maintenance costs, making EVs more affordable. Recommendations for Insurers Separate Policies for Key Components: Industry experts suggest that insurers consider offering separate policies specifically for batteries and electric motors, potentially with higher premiums for these high-value components. This could help address the unique risks associated with EVs while providing clearer coverage options for consumers. "High Insurance Premiums Are the Latest Thing Weighing on China’s EV Market" https://www.insurancejournal.com/news/international/2024/04/05/768245.htm The article highlights the growing challenges faced by electric vehicle owners in China regarding insurance costs and availability. As the EV market evolves, insurers are grappling with issues related to pricing accuracy, claims history, and repair costs. These factors contribute to rising premiums that may deter potential buyers and complicate the transition from traditional vehicles to electric ones. The situation underscores the need for improved data collection and risk assessment methodologies as the market continues to develop. Overview of Rising EV Insurance Costs in China Increased Premiums: Many electric vehicle owners in China are experiencing significant increases in their insurance premiums. Reports indicate that some drivers are paying up to 8,000 yuan (approximately $1,100) annually for EV insurance, which is about 2,000 yuan more than what they would pay for a comparable fuel-powered vehicle. Some drivers have noted that their renewal premiums increased despite having no accidents. Rejection of Applications: Insurers are reportedly rejecting applications from EV owners who have high mileage or long commutes, viewing them as elevated risk factors. This trend has led to dissatisfaction among consumers, who have taken to social media to express their frustrations. Factors Contributing to Higher Premiums Repair and Maintenance Costs: The higher premiums for EVs can be attributed to their increased repair and servicing costs. EV parts are generally more expensive and harder to source, which raises the overall cost of insurance. Lack of Claims History: The insurance industry faces challenges in accurately pricing and assessing risks due to the relatively short claims history associated with electric vehicles. This lack of data complicates risk assessments for insurers. Shortage of Qualified Technicians: There is a limited number of qualified technicians capable of servicing EVs, which further contributes to the higher costs associated with insuring these vehicles. And finally, one of those China and EV bashing youtube channels funded by Falung Gong, and critical of the CCP, has this time a surprisingly balanced report on this topic. Just ignore the click baiting title and watch:

Some cars like Tesla and Xpeng have charger on route planners standard. And if your EV does not have it, just download the app abetterrouteplanner.com [ABRP] and connect it to your OBD scanner to read realtime data like your SoC battery charge. And plan your charging stops along your route. There is however no equivalent planner for your gas fuel stations.

MG ES5 expected to launch on March Bangkok Motor show Two Thai sources confirmed this, referring to announcements by managing director MG Sales at MG Dealer conference 2025 held in Bangkok: https://autostation.com/cars/mg-es5-electric-crossover-expected-to-launch-in-thailand-this-march/ https://www.car250.com/mg-es5-ev-2025-th-03.html What's special: Similar size as Atto 3, Geely EX5, Omoda C5, Neta X, etc. Drives as rear wheel drive better than its FWD peers. See reviews below Will probably get lifetime battery warranty as MG4. Charging speed better than average among peers. VtoL higher than peers. Has more conventional stuff than peers like normal door handles and more hardware buttons. What's below average than it's peers: Although infotainment system is upgraded and OTA's will be supported, Chinese reviewers still complain about lack of features. Like not many 3rd party apps, no dashcam, no sentry mode. Sofar domestic China sales were mediocre [below 10,000], while Deepal S05 and Geely EX5 exceeded 90,000 during similar launch time. They changed the marketing manager, but his [Zhou Jinkai] first appearance seen as a re-launch event has been ridiculed on dongchedi.com. Reviews Interior, driving and comparison with European peers Features, interior, exterior, driving Driving dynamics ES5 vs Atto 3 [start at 8:49]

Latest Michael Dunne's newsletter, as copied by youtubers like Electric Viking: BYD: So Damn Good – But Not Invincible. What Warren Buffett Might Be Thinking https://newsletter.dunneinsights.com/p/byd-so-damn-good-but-not-invincible Not the main conclusion of Dunne's newsletter, he refers to the hidden debt of BYD, which to him is manageable. However GMT Research's study sees it as an addiction. At the end of the day, BYD like CATL and Huawei are showcase entities for the CCP which will be regarded as too big to fail. Links: https://wallstreetpit.com/122698-behind-the-numbers-is-byds-supply-chain-masking-debt/ https://www.mk.co.kr/en/world/11222381 https://www.gmtresearch.com/en/research/byd-addicted-to-supply-chain/ [ study by GMT research ] https://www.bloomberg.com/news/articles/2025-01-19/byd-s-supply-chain-financing-masks-ballooning-debt-gmt-says

A big data study based on UK Ministry of Transport roadworthiness tests gave some insight in the longevity and reliability improvements of BEVs vs ICE. Key Findings Lifespan Comparison: The study found that newer BEVs have an average lifespan of 18.4 years, which is comparable to traditional petrol vehicles. Notably, BEVs can travel up to 124,000 miles over their lifetime, surpassing the mileage of petrol cars Reliability Improvements: Newer BEVs show a 12% lower hazard rate (likelihood of failure) for each successive year of production, indicating significant advancements in reliability. In contrast, petrol and diesel vehicles exhibit lower improvements in reliability at 6.7% and 1.9%, respectively Technological Advancements: The research highlights that while early models of BEVs were less reliable than internal combustion engine vehicles, rapid technological advancements have led to improved performance and longevity in newer models. This trend suggests that BEVs are becoming a more viable option for consumers seeking sustainable transportation solutions Links: https://www.nature.com/articles/s41560-024-01698-1.pdf [detailed study] https://www.thenationalnews.com/news/uk/2025/01/24/electric-vehicles-now-last-as-long-as-petrol-and-diesel-rivals/ [best readable synopsis] https://blogs.lse.ac.uk/politicsandpolicy/a-novel-way-to-estimate-car-longevity-shows-that-electric-vehicles-life-mileage-is-increasing-fast/ [earlier findings from the authors on same subject]

I don't have an EV yet, but I imagine it can be simple as this. You stop as your bladder commands you and you use ABRP [A Better Route Planner app] to compute and route you to the charging stops you need to make, based on realtime battery SoC data ABRP gets from your EV through the OBD connection or the cloud if your EV is connected. And you can sync bladder time and charging stops by setting in ABRP whether you want to have short and many charging stops or few and longer ones. No need to think/calculate, what is my speed, my efficiency and range I can drive before my next charging stop. Links: https://abetterrouteplanner.com/

Nope, lead acid. It is 60Vx20Ah battery I believe. Around 200-300 charge cycles. Even if I replace the lead acid by LFP batteries, the charge cycles will increase to maybe 1000. But the problem is these batteries do not have cooling or a sophisticated BMS like in a car. So expect it to replace it after 2-3 years. It's range is 25km with a speed of 20-25km/h. Charging to full takes 6-8 hours. I've installed a solar panel on top with a dc-to-dc booster to charge while on the road. I keep the battery temp in check not to increase over 50C.

Surprise surprise. Honda will also launch the e:N1 EV as an import model this March that you can buy. Till now it was only available with a lease. The e:N1 import model is similar to the Chinese e:NS1, made by Dongfeng Honda. The car is based on the HRV platform. A few things why this Honda will not resonate with some buyers: it uses a NMC instead of LFP battery. And it's charging speed is not on par with peers - 78 kw. I expect the price to be between 1 - 1.1 M baht, based on the Chinese top model and with an uptick of 50% of an import model. Maybe they will ask more, because it is a Honda and not a Chinese brand. Turn on English subs: Links: https://autolifethailand.tv/spec-option-unofficial-price-honda-en1-ev-mar-2025/ https://www.dongchedi.com/auto/params-carIds-x-5387 [ Chinese model specs ]

According to car250.com Mazda will launch an EV in Thailand, the Mazda 6e. In China this car is known as the EZ6, however with a smaller standard range battery [68kwh]. The car is based on a previous iteration of the Changan Deepal L07. It is a sedan the size of a BYD Seal. On the looks it is a very lovely car and has a bigger boot space than the Seal. But I'm afraid the price will not be competitive to the Seal with discount. Based on the Chinese EZ6 topmodel standard range [68kwh battery] and an uptick of 50% of an import model, I expect the Thai price to be around 1.3 M baht. This is the price of the Thai Deepal L07. A Seal Dynamic with discount is now 1 M baht. Links: https://www.car250.com/mazda-6e-th.html https://www.changan.co.th/en/deepal/l07-en/specification/ https://www.dongchedi.com/auto/series/10137 [ Chinese EZ6 specs ]

It depends where you live. I live in a rural area. I've got a similar one and use it for trips with the dogs and to buy large amounts of groceries at Makro. As long as you don't drive on provincial roads it is tolerated. I've even seen a mobile coffee shop on these tricycles. My problem with these tricycles like with e-bikes is the longevity of the battery. But I saw a video lately where they put a BYD blade battery on an e-bike. I hope they have some cooling installed to get the same longevity as in a car

I'm still in the woods whether I need to file, even though I have remitted income that Thai RD on paper confirmed that it is not seen as taxable - savings and income prior 2024. https://www.rd.go.th/fileadmin/user_upload/lorkhor/newspr/2024/FOREIGNERS_PAY_TAX2024.pdf Expat Tax Thailand is most clear on this topic [ I do not need to file ], in this video: https://www.expattaxthailand.com/do-you-need-to-file/. However their latest interview with 2 RD tax experts made it less clear. Siam Legal did not answer, nor Benjamin Hart. Some in this forum has chosen a route by filing a nil return. At least you can show evidence even though the rules whether to file are not clear to me. Some is very vocal in saying you have to file, because any remitted income is assessable. I am not buying this argument, as the current 2024 Thai forms only allow a listed Revenue code TEDA exemptions and allowances, that has not been changed between 2023/2024. When I last visited the RD local office, the lady showed a tax calculation that cannot be represented in the form, so is to me not transparent and not usable for future audits, as it will only available in the records of RD. So for now my attitude is to wait and see for a few weeks if there is more news and then make up my mind.

I tend to agree on your last speculation - no rushing to tax foreigners as earning/cost ratio for foreigner tax residents is lower than for Thai residents. Here is my logic: 1) the rule changes apply to both Thai as foreigner tax residents. CRS is in place and TRD know more on foreign assets of Thai residents than they do on foreign assets of foreigner residents. 2) Thai residents are not covered by DTA's as foreigners and taxable income of foreigners are alleviated by possibly already taxed income in source country [check Chiang mai TRD 2 way tax calculations notice] 3) I read the google translated Thai guide on PND90 [ https://www.rd.go.th/fileadmin/tax_pdf/pit/2567/Ins90_101067.pdf ]. I have not read any new specific guidance with regards to foreigners or foreign sourced income.

If I understand you correctly, you came the second time to collect the tax forms, because of what the lady explained the day before, you need to file a tax return as your pension is taxable. Did she explained also that some income is not taxable, like if you send savings from before 2024, it is tax free? Because page 2, item 3 assumes any money you send, is seen as non tax free.

A CNBC classic on Chinese EVs vs Tesla:

A few days ago I test drove the Seal Premium. I was attracted by the big discount [1.1 M for Premium] and the long range [570 km WLTP]. At the moment only the Aion V can beat this on price. I was most impressed by the dynamic handling and noise suppression. I also drove on dirt roads and on roads with small road bumps. The suspension is stiff as a Mazda. Except on road bumps, it will bounce a little bit longer. Two things did put me off. Although the sunroof is silver coated at the factory, and additional ceramic film has been added, it felt a bit too warm inside, due to the full black color of the interior, including the pillars, and perhaps not optimal AC cooling. It was set at 23 C while in my Mazda with light interior 26 C is cool enough. Also the trunk space did not fulfill my requirement. Two 28 inch luggage suitcases did not fit. The width is only 1 meter and my suitcase is 54 cm wide. The Seal is from MY23. This is visible in the software. Contrary to Sealion 7 there are no nav directions on the HUD and no small nav map on the driver's display. In 2025 I also expect native route planning with on-route chargers similar to the ABRP app. For my next EV quest in 2025 two cars are remaining. After driven the Seal, I will only consider RWD cars. Hopefully in coming Bangkok Motor Show the Deepal S05 will be launched. And that the SL7 will be lowered in price. The S05 has in total more boot/frunk space than SL7 [651L vs 578L]. And the car is 450 km lighter, so more efficient and it can charge faster. Let's see if in Thailand the S05 can charge more km/min, as chargers with more than 125kw are still limited. S05 driving review [turn on subtitles]: Sealion 7 driven in Thailand:

Agree on sluggish sales this year, but for Sealion 7 to drop that far will be too much of a stretch. BYD does not need to as competition in this segment is not so fierce as in Australia. Last Motor Expo's introductory price of 1.15M will be enough to blast any ICE [CRV, CX5] or EV [Deepal S7, Xpeng G6, Tesla MY] competition. Expect this price again at coming April Motor Show. Note that SL7 is still fresh. The Seal's price drop of more than 200k is because the model that is sold in Thailand is the same MY23, more than a year after it's launch. In China they already sell MY25 with 800V architecture, and in Australia they are selling a minor upgrade of MY24 with electric sunshade added for almost the same discounted price as the MY23 model in Thailand

Patcha did not mention DTA exemptions as being non assessable or non declarable. Is this an opening for applying Carden’s tax filing services? As Carden’s remark to file an alert does not make sense to me, as there is no way to enter it into the form Answering questions, Mr Carden said that the Thai government had promised to honor double taxation treaties with 61 countries. However, these were all unique and could not be used as some kind of blanket immunity. He suggested that an expat should refer to the applicable terms in the submitted tax form by way of a caveat or alert.

First impressions of Munro's teardown of a BYD car [ "not revolutionary", a mash up of existing components?, "unimpressive ride" ]. Contrast this to Japanese teardowns who looks at it from a cost/performance perspective, and not from an engineering ingenuity only. https://insideevs.com/news/738606/byd-ev-teardown-impresses-japan/

I don't agree. The majority of law abiding citizens wants to file tax returns if people tell them how to do it. CRS/avoiding tax evasion and money laundering is just marketing language of a OECD burocracy. Finally it is all about getting more tax bucks with the least amount of resources. I think Thailand has put their effort less in communicating to the majority of law abiding citizens and more resources to handle tax returns, but more in back office smart AI software to catch the biggest offenders.

Just speculating here, why TRD does not have to make a lot of effort, if they want to catch additional tax income on foreign sourced remittance: 1) tax residents who remit automatically their pension, even though many are only taxable in Thailand, many of them have been taxed in their home country and because of higher allowances who are over 65 year, the catch will be minimal. So no extra effort will be taken by TRD for this group 2) tax residents who remit manually by Wise et al below certain thresholds, the first years 2025/6 many like me will remit first their non accessable income e.g. savings/income prior 2024. So why TRD should bother with this group in the first years, until this income source is depleted I think TRD will focus primarily on manual cash or crypto remittances above certain thresholds [above 2M baht and 30% tax bracket] with no or low tax return declaration attached, or without a Thai TIN or foreign TIN known to the reporting FIs.

Trying to gauge if AI search know more about price cuts in Thailand: "are there signs in 2025 that ev price cuts in china will spill over to australia, thailand and indonesia" Answer There are indications that the aggressive price cuts in China's electric vehicle (EV) market in 2025 may influence pricing strategies in Australia, Thailand, and Indonesia. Here are the key points from the search results: 1. Continued Price Competition in China Chinese EV manufacturers have engaged in significant price reductions, with an average cut of 10% across various models. This price war is driven by overcapacity and a need to maintain market share as competition intensifies. The average selling price for pure electric vehicles fell by 24,000 yuan (approximately $3,275) in late 2024, suggesting that manufacturers are willing to compromise on margins to secure a larger share of the market 12. https://cnevpost.com/2025/01/06/china-auto-market-227-models-price-cuts-2024/ https://www.scmp.com/business/china-business/article/3292531/prices-slashed-again-chinas-ev-sector-threatening-unprofitable-carmakers 2. Potential Spillover Effects As Chinese EV makers continue to cut prices aggressively, there is speculation that these trends could spill over into international markets, including Australia, Thailand, and Indonesia. The competitive landscape in China often sets precedents for pricing strategies globally, especially as manufacturers seek to replicate their domestic success abroad 35. 3. Impact of Tariffs and Trade Policies While Chinese manufacturers are pushing for lower prices, external factors such as tariffs imposed by the EU and potential trade conflicts could complicate pricing strategies abroad. These tariffs may lead to increased costs for imported vehicles, potentially mitigating the effects of price cuts in China on foreign markets 67. https://www.rte.ie/brainstorm/2024/1209/1485393-china-electric-cars-ireland-price-batteries-tariffs/ 4. Government Incentives The Chinese government has extended consumer trade-in subsidies into 2025, which may further encourage aggressive pricing strategies among manufacturers. Such incentives could also motivate international brands to adjust their pricing to remain competitive 49. https://www.reuters.com/business/autos-transportation/chinese-ev-makers-extend-buying-incentives-price-war-enters-third-year-2025-01-02/ 5. Market Reactions in Other Regions In Australia, Thailand, and Indonesia, local EV markets are becoming increasingly competitive as brands respond to shifts in consumer demand and pricing strategies from major players like BYD and Tesla. Price adjustments have already been noted among various brands in these regions as they react to developments in China 8. Conclusion Overall, while there are signs that the price cuts in China's EV market may influence pricing strategies in Australia, Thailand, and Indonesia, external factors such as tariffs and local market conditions will play a crucial role in determining the extent of this impact. The competitive dynamics established in China could lead to more aggressive pricing strategies among international brands as they seek to attract consumers amid evolving market conditions. "give me your sources per market" Answer Here are the sources detailing the latest electric vehicle (EV) price cuts in Australia, Thailand, and Indonesia for 2025: Australia Chery Omoda E5: Chery has reduced the price of its Omoda E5 by $6,000, bringing the entry-level price down to $36,990 before on-road costs. This price cut aims to increase sales amid a competitive market environment. CarsGuide 1. Nissan Leaf: The Nissan Leaf's price has been slashed to $34,990 driveaway, down from $50,990. The e+ variant is now priced at $44,990, reflecting a significant reduction aimed at boosting sales. The Driven 3. BYD Dolphin: BYD introduced a new entry-level Dolphin model priced at $29,990, representing a reduction of $6,900 from previous pricing. This makes it one of the most affordable EVs in Australia. CarsGuide 5. Cupra Born: The Cupra Born has seen a price cut of up to $20,000, with the new starting price now around $49,990 driveaway. This adjustment enhances its attractiveness to potential buyers. CareExplore 4. Thailand While specific articles detailing 2025 EV price cuts in Thailand were not provided in the search results, the general trend indicates that local manufacturers are adjusting prices in response to competitive pressures and government incentives aimed at promoting EV adoption. Indonesia Similarly, specific articles detailing 2025 EV price cuts in Indonesia were not included in the search results. However, it is noted that local brands are expected to follow suit with competitive pricing strategies as part of government initiatives to promote electric vehicle adoption. These sources reflect ongoing trends in the EV market across these countries as manufacturers respond to competitive pressures and changing consumer demands through significant price reductions.

For what it is worth. Will this awaits us in 2025? I've asked AI search this question: "latest 2025 data on ev factory utilisation china per brand like byd, geely, saic, changan, chery, xpeng, nio" Answer The latest data regarding electric vehicle (EV) factory utilization in China for major brands like BYD, Geely, SAIC, Changan, Chery, XPeng, and Nio indicates significant challenges due to overcapacity. Here are the key insights based on the available sources: Current Factory Utilization Rates Overall Utilization: As of late 2024, China's EV plants are operating at an average capacity of around 65%. This is below the break-even point of 80%, which raises concerns about sustainability and profitability for many manufacturers . Brand-Specific Insights: BYD: As the largest EV manufacturer in China, BYD is expected to maintain a higher utilization rate compared to its competitors due to strong sales performance. Nio: Despite improvements in profitability, Nio continues to struggle with sales volumes and may not achieve optimal utilization rates. XPeng: Expected to sell over 400,000 vehicles in 2025, XPeng's factory utilization will depend on its ability to meet these sales targets amid stiff competition. SAIC and Geely: These established manufacturers are also facing challenges with overcapacity but may have better resilience due to their diversified portfolios. Emerging Brands: Many smaller or newer EV manufacturers are expected to face significant challenges, with predictions that around one-third of them may go bankrupt due to the ongoing price war and market saturation . Market Dynamics Production Capacity vs. Demand: China's production capacity for new energy vehicles is projected to reach over 36 million vehicles annually by 2025, while domestic demand is expected to be around 12 million units. This creates a substantial surplus that could lead to aggressive pricing strategies among manufacturers trying to offload excess inventory . Impact of Subsidy Expiry: The expiration of government subsidies for EV purchases could further exacerbate the situation, leading to increased price cuts and potentially more bankruptcies among manufacturers unable to compete effectively . Conclusion The EV market in China is facing a critical juncture as it approaches 2025. With average factory utilization rates hovering around 65%, many brands will need to adapt quickly to avoid financial distress amid increasing competition and potential market contractions. The situation presents both challenges and opportunities as the industry navigates overcapacity issues and evolving consumer preferences. "give me your sources" Answer Here are some sources that provide detailed analysis on the electric vehicle (EV) factory utilization in China, particularly focusing on major brands like BYD, Geely, SAIC, Changan, Chery, XPeng, and Nio as of 2025: Bangkok Post: This article discusses the significant production milestones in China's EV sector, noting concerns about overcapacity and the impact on various manufacturers. It highlights that the overall manufacturing capacity is around 40 million vehicles annually, with sales around 22 million units, raising fears of excess capacity in the market 1. https://www.bangkokpost.com/business/motoring/2902652/chinas-ev-sector-reaches-10-million-production-milestone-overcapacity-fears-deepen Nikkei Asia: This source reports that factory utilization for new energy vehicles (including EVs) in China is currently around 50%, significantly below the break-even point of 80%. It also mentions that several emerging EV makers have gone bankrupt due to this overcapacity issue 3. https://kr-asia.com/chinas-ev-overcapacity-spurs-global-fears-of-more-price-cuts The Diplomat: This analysis emphasizes that overcapacity in China's EV industry is almost inevitable due to local government support for struggling manufacturers. It discusses how many local governments have invested heavily in EV factories, contributing to the oversupply situation 4. https://thediplomat.com/2024/08/chinas-ev-overcapacity-is-inevitable/ Reuters: This report indicates that China's auto exports, particularly EV exports, are expected to stall in 2025 due to tariff barriers imposed by the EU and reduced shipments to Russia. This stagnation could exacerbate the overcapacity issue as manufacturers seek alternative markets for their surplus production 7. https://www.reuters.com/business/autos-transportation/chinas-car-sales-extend-gains-dec-2025-01-09/ Fastmarkets: This outlook discusses how increasing production in China will shape the global EV market while highlighting challenges such as high upfront costs and charging infrastructure availability. It notes that around 17 million passenger EVs are expected to be sold in 2024, with a significant portion coming from China 5. https://www.fastmarkets.com/insights/policy-changes-global-ev-market-china-ahead-2025/