7 minutes ago, matchar said:

They will still fail to hit their sales targets even with domestic sales and exports combined.

 

There is a massive oversupply of EVs and Chinese factories are only operating at about 50% of their capacity. Besides, exports to Europe and the USA will be hit with tariffs.

 made in Thailand EV manufacturers have 2 types of production targets

1)  production targets defined by themselves

2)  local production targets defined by Thailand Board of Investment under the terms of the EV 3.0 incentive programme based on number of Imports for years 2022,2023 and 2024

initally the locally production target was due to be completed by the end of 2025 that date has now been extended until end of 2027

for brands that fail to meet the local production targets under the terms of the EV 3.0 incentive programme there are huge fines to be paid in the region of B550K-B700K plus repayment of the subsidy that was paid

For one brand in Thailand this is a serious problem their production line has been shut for a number of months now their combined sales for 2022,2023 and 2024 was 21,000 and they were required to locally produce 21,000 cars this year to date they have built  approx 5,000

https://www.bangkokpost.com/business/motoring/2914031/thailand-extends-ev-production-deadlines

I expect that we will see small or no  price reductions for future motor shows and EV brands will limit price reductions to limited price reductions for introduction of new models and price reductions for end or production models

5 hours ago, matchar said:

They will still fail to hit their sales targets even with domestic sales and exports combined.

 

There is a massive oversupply of EVs and Chinese factories are only operating at about 50% of their capacity. Besides, exports to Europe and the USA will be hit with tariffs.

 

There is a reason there is a massive oversupply of ALL cars, demand has tanked, EV's are no different to legacy cars in this regard, however EV sales are holding up better than legacy vehicles.

5 hours ago, JBChiangRai said:

 

There is a reason there is a massive oversupply of ALL cars, demand has tanked, EV's are no different to legacy cars in this regard, however EV sales are holding up better than legacy vehicles.

Yes there is an oversupply of all cars in Thailand. Supply and demand was fairly evenly matched and the Japanese brands enjoyed a near monopoly until the Chinese disrupted the market and then the Thai economy also tanked reducing demand.

 

So that's good for us consumers as prices are lower and we have more choice.

 

The prices of cars are headed in only one direction though, and that's down.

10 hours ago, vinny41 said:

 made in Thailand EV manufacturers have 2 types of production targets

1)  production targets defined by themselves

2)  local production targets defined by Thailand Board of Investment under the terms of the EV 3.0 incentive programme based on number of Imports for years 2022,2023 and 2024

initally the locally production target was due to be completed by the end of 2025 that date has now been extended until end of 2027

for brands that fail to meet the local production targets under the terms of the EV 3.0 incentive programme there are huge fines to be paid in the region of B550K-B700K plus repayment of the subsidy that was paid

For one brand in Thailand this is a serious problem their production line has been shut for a number of months now their combined sales for 2022,2023 and 2024 was 21,000 and they were required to locally produce 21,000 cars this year to date they have built  approx 5,000

https://www.bangkokpost.com/business/motoring/2914031/thailand-extends-ev-production-deadlines

I expect that we will see small or no  price reductions for future motor shows and EV brands will limit price reductions to limited price reductions for introduction of new models and price reductions for end or production models

Stop fear mongering, if they raise their prices they won't sell any cars and they will have to pay the fines.

 

They will be desperate to make sales to avoid repaying the subsidies, so expect to see a lot of discounts.

20 minutes ago, matchar said:

Stop fear mongering, if they raise their prices they won't sell any cars and they will have to pay the fines.

 

They will be desperate to make sales to avoid repaying the subsidies, so expect to see a lot of discounts.

No one stated that they would raise the prices but I think your living in fantasy land if your hoping for future huge price reductions during the future motor shows

and now that locally built export vehicles  count towards the EV 3.0 local production numbers 

and the EV 3.0 locally production targets have been extended until end of 2027

I think the majority of EV brands that entered the EV 3.0 incentive programme will have no issue hitting the EV 3.0 local production numbers 

Byd total sales for 2022,2023 and 2024 were approx 60,000 

BYD Thailand plans to scale up to 150,000 units per year.

I think BYD should hit the local production targets for EV 3.0 before the end of this year

BYD UK sealion 7 sells for between £45k-£56K Baht 2 million - Baht 2.5 million 

https://www.nationthailand.com/business/automobile/40049132

I think the current tariffs for car entering the uk is 10%

https://www.nationthailand.com/business/automobile/40049132

14 hours ago, vinny41 said:

No one stated that they would raise the prices but I think your living in fantasy land if your hoping for future huge price reductions during the future motor shows

and now that locally built export vehicles  count towards the EV 3.0 local production numbers 

and the EV 3.0 locally production targets have been extended until end of 2027

I think the majority of EV brands that entered the EV 3.0 incentive programme will have no issue hitting the EV 3.0 local production numbers 

Byd total sales for 2022,2023 and 2024 were approx 60,000 

BYD Thailand plans to scale up to 150,000 units per year.

I think BYD should hit the local production targets for EV 3.0 before the end of this year

BYD UK sealion 7 sells for between £45k-£56K Baht 2 million - Baht 2.5 million 

https://www.nationthailand.com/business/automobile/40049132

I think the current tariffs for car entering the uk is 10%

https://www.nationthailand.com/business/automobile/40049132

Exporting EVs from Thailand is not as easy as it sounds since their costs are higher than the Chinese factories. They usually just export directly from China to Europe. 

 

And BYD doesn't even produce the Sea Lion 7 in Thailand.

4 minutes ago, matchar said:

Exporting EVs from Thailand is not as easy as it sounds since their costs are higher than the Chinese factories. They usually just export directly from China to Europe. 

 

And BYD doesn't even produce the Sea Lion 7 in Thailand.

👎

1 hour ago, matchar said:

Exporting EVs from Thailand is not as easy as it sounds since their costs are higher than the Chinese factories. They usually just export directly from China to Europe. 

 

And BYD doesn't even produce the Sea Lion 7 in Thailand.

 In April, Thailand made its first EV shipment of 660 vehicles.

The tweaked scheme is forecast to take EV exports to about 12,500 units this year and 52,000 units in 2026, the board said.

https://www.reuters.com/en/thailand-adjusts-ev-policy-ease-production-requirements-target-exports-2025-07-30/

12,500 ev exports in 2025 a projected increase of 316% on 2026 or 52,000 if the ssame projected increase is applied for 2027 that would be 216,320 ev exported

Currently Thailand is in negotiation with the EU on a Thailand-EU FTA

MG was looking at Thailand-EU ev exports in 2024 

Chinese EVs manufactured in Thailand must contain over 40% locally made parts, so they can be considered as “originated from Thailand”.

“Thailand never exports automobiles to Europe, as there has been no trade agreement between the two regions,” he said. “It is estimated that Thailand will face import duties of 10-20% if it starts exporting EVs to Europe.”

https://www.nationthailand.com/business/automobile/40040855

Even if we exclude the UK and Europe Thailand exports to many countries as part of the ASEAN FTA

The ASEAN Free Trade Area (AFTA) comprises all ten member countries of the Association of Southeast Asian Nations (ASEAN): Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.

4 hours ago, vinny41 said:

 In April, Thailand made its first EV shipment of 660 vehicles.

The tweaked scheme is forecast to take EV exports to about 12,500 units this year and 52,000 units in 2026, the board said.

https://www.reuters.com/en/thailand-adjusts-ev-policy-ease-production-requirements-target-exports-2025-07-30/

12,500 ev exports in 2025 a projected increase of 316% on 2026 or 52,000 if the ssame projected increase is applied for 2027 that would be 216,320 ev exported

Currently Thailand is in negotiation with the EU on a Thailand-EU FTA

MG was looking at Thailand-EU ev exports in 2024 

Chinese EVs manufactured in Thailand must contain over 40% locally made parts, so they can be considered as “originated from Thailand”.

“Thailand never exports automobiles to Europe, as there has been no trade agreement between the two regions,” he said. “It is estimated that Thailand will face import duties of 10-20% if it starts exporting EVs to Europe.”

https://www.nationthailand.com/business/automobile/40040855

Even if we exclude the UK and Europe Thailand exports to many countries as part of the ASEAN FTA

The ASEAN Free Trade Area (AFTA) comprises all ten member countries of the Association of Southeast Asian Nations (ASEAN): Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.

So let's see...a domestic production capacity of let's say 600,000, minus 52,000 predicted exports in 2026.

 

That leaves around 550,000 for the Thai market to absorb.

 

I stand by my prediction of significant discounts in Thailand going forwards.

4 minutes ago, matchar said:

So let's see...a domestic production capacity of let's say 600,000, minus 52,000 predicted exports in 2026.

 

That leaves around 550,000 for the Thai market to absorb.

 

I stand by my prediction of significant discounts in Thailand going forwards.

How many units has Neta produced this year

Any idea on the number of units Neta will produced next year

BYD plans to scale up to 150,000 units per year. However, none of the manufacturers are currently operating at full capacity.

BYD confirmed ongoing expansion of its manufacturing operations in Thailand. This year, the company will begin exporting its first model, the BYD SEALION 6 DM-i. It aims to reach full capacity (150,000 units annually) within two years from the factory’s Q3 2024 launch.

Most  manufacturers given a choice between reducing prices or reducing production output choose to reduce output to mantain price

 

https://www.nationthailand.com/business/automobile/40049132

On Facebook groups

Neta v II currently on sale  for B239K or B250K

Neta X currently on sale    for B400-B425K

byd dolphin standard currently on sale for B499K

Byd atto1 and Byd seagull rumored to be launched end of 2025/ early 2026 rumored prices between B300k-B500K

Your in the land of puff the magic dragon if you believe there will be significant discounts in Thailand going forwards.

On 4/5/2024 at 6:33 PM, Eloquent pilgrim said:

 

Caption from the Times today. The bubble has well and truly burst in the UK. Thailand do not lead, they follow, so it will happen here before too long. After the initial sales, driven by incentives and tax initiatives for companies, EV’s now have to sell on their merits, and the public are saying, nah.

 

Most of the limited number of private EV purchases in the UK now, are small models bought by affluent second car families that use them to virtue signal on their 10 kilometre supermarket trip; using their V8’s for any journey in excess of 60 kilometres.

 

Hilarious to see the ‘green’ virtue signalling from people buying their cars made in a country that is responsible for 30% of the World’s CO2 emissions.

 

History will record with incredulity that so many people (and large companies) fell for the largest confidence trick of the 21st century … if you were mug enough to buy one, sell it now while you still can¯\_(ツ)_/¯

 

This didn't age well!

 

June EV market share 29.3% Thailand

June EV market share 24.8% UK  (up 39.1% YOY).

58 minutes ago, JBChiangRai said:

This didn't age well!

 

Excellent!

 

We should definitely do more of this.

 

Some people say some really dumb stuff here and we should remind everyone just how wrong they were.

UK Society of Motor Manufacturers and Traders

Bucking the wider market performance, registrations of plug-in hybrid electric vehicles (PHEVs) rose 33.0% and battery electric vehicles (BEVs) 9.1%, although the latter is modest in comparison with the 34.6% increase recorded for the first half of 2025. July was the second weakest month of BEV growth this year, after April’s tax changes distorted the market in that month.

The newly announced Electric Car Grant (ECG) provides a welcome and much-needed fiscal incentive for BEV uptake, but full model eligibility has yet to be confirmed, causing some buyers to hold off pending confirmation of which vehicles will qualify for a discount of up to £3,750. BEV market share reached 21.3%, up from 18.5% in the same month last year, but remains short of the 28% required by the ZEV Mandate, demonstrating the importance of accelerating uptake over the remainder of the year. 

https://www.smmt.co.uk/new-car-registrations-stall-in-july-but-recovery-expected/

30 minutes ago, vinny41 said:

UK Society of Motor Manufacturers and Traders

Bucking the wider market performance, registrations of plug-in hybrid electric vehicles (PHEVs) rose 33.0% and battery electric vehicles (BEVs) 9.1%, although the latter is modest in comparison with the 34.6% increase recorded for the first half of 2025. July was the second weakest month of BEV growth this year, after April’s tax changes distorted the market in that month.

The newly announced Electric Car Grant (ECG) provides a welcome and much-needed fiscal incentive for BEV uptake, but full model eligibility has yet to be confirmed, causing some buyers to hold off pending confirmation of which vehicles will qualify for a discount of up to £3,750. BEV market share reached 21.3%, up from 18.5% in the same month last year, but remains short of the 28% required by the ZEV Mandate, demonstrating the importance of accelerating uptake over the remainder of the year. 

https://www.smmt.co.uk/new-car-registrations-stall-in-july-but-recovery-expected/

 

July has shown a dip in the UK but Vinny, One Swallow Does Not A Summer Make

14 minutes ago, JBChiangRai said:

 

July has shown a dip in the UK but Vinny, One Swallow Does Not A Summer Make

Here the SMMT link for June that you forget to provide 

Across the first six months of 2025 new BEV registrations have risen 34.6% to 224,841 units but, at 21.6% market share, they remain significantly behind the 28% mandated for this year. Moreover, achieving even this level of market penetration has required discounts totalling £6.5 billion over the last 18 months.3 In a recent survey of automotive CEOs carried out  for SMMT’s new Automotive Business Leaders Barometer, more than half (55%) said they believe the UK is significantly behind plan to meet the 2030 end of sale date for new cars powered solely by combustion engines.

https://www.smmt.co.uk/bumper-june-for-uk-new-car-market-as-one-in-four-buyers-goes-electric/

Updated: July 30, 2025

Electric vehicle registrations grew 52% in the first half of the year, accounting for 15% of new vehicles, the highest in ASEAN.

 In the first half of 2025, 57,289 new BEV passenger vehicle registrations were registered, a 52% increase year-on-year and representing over 15% of all new vehicles, the highest figure in ASEAN. Currently, there are over 203,000 BEV passenger vehicle registrations in Thailand, along with other types of electric vehicles, including 71,900 electric motorcycles, 3,800 electric buses and trucks, and 1,000 electric tricycles.

https://autolifethailand.tv/ev-board-ev-register-first-half-2025/

 

It has been posted many times on these forums

One Swallow does not a Summer make.

Toyota launches the bz4x minor change 2025 here in Thailand.

 

Not sure what has changed but it still looks fugly outside and the standard dull Toyota interior.

 

Lets see if it takes off this time !

 

 

 

The wheel arches have improved in this model but for those missing the plastic overdose don’t worry it is still available.

 

 

Not seeing much to get excited about in the interior ….. maybe looks better in real life ?

 

 

 

 

 

https://autolifethailand.tv/toyota-bz4x-minorchange-2025-ev-bev-thailand-21aug-2025/

Regarding the Toyota Bz4x coming back to Thailand the last time any were sold/registered in Thailand was Jan 2024 when Toyota offloaded the final 66 in country to some buyer or used some accounting smoke-and-mirrors to get them off their inventory books in Thailand since they simply were not selling and there was a good amount of negative news on the Bz4x around that time.   See below post from Pib and the preceding post from Bandersnatch which shows a registration chart.

 

 

58 minutes ago, Pib said:

Regarding the Toyota Bz4x coming back to Thailand the last time any were sold/registered in Thailand was Jan 2024 when Toyota offloaded the final 66 in country to some buyer or used some accounting smoke-and-mirrors to get them off their inventory books in Thailand since they simply were not selling and there was a good amount of negative news on the Bz4x around that time.   See below post from Pib and the preceding post from Bandersnatch which shows a registration chart.

 

 

I either mentioned here or in a different thread that I am working on three TV commercials for the 2026 bZ for North American market where we needed to create the car in CGI and place it in to live shoots as the car wasn't available to shoot with. So I have spent a lot of time looking at it and I kind of like it but that's probably just due to familiarity and let's face it, even looking at a dog's dinner would be an improvement on the outgoing model with all that nasty plastic.

As part of the process I've also had to do a lot of research and have had a lot of discussions with Toyota product people and it is definitely a marked improvement in terms of tech, battery, and performance. They also moved the charging port to the opposite side and adopted the Tesla charger which is probably quite handy in America but not really here. It is also getting rave reviews stateside but I put that down to the paucity of choice over there, for me it is nowhere near as good as many of the Chinese models.

There are going to be a range of bZ models like an offroad type ("Woodland") and other SUVs in different sizes (probably bZ1, bZ2, bZ3).

I am wondering how they will price it here, the old one was ridiculously expensive. There is absolutely no mention of the car on the Toyota Thailand website - they really are hopeless. If it is priced competitively they'll sell a few as it isn't bad and there are many old farts in Thailand who still believe Toyota is the best so brand loyalty by morons will count for something if it is reasonably priced. Time will tell. I definitely wouldn't buy one personally.

 

4 hours ago, josephbloggs said:

I either mentioned here or in a different thread that I am working on three TV commercials for the 2026 bZ for North American market where we needed to create the car in CGI and place it in to live shoots as the car wasn't available to shoot with. So I have spent a lot of time looking at it and I kind of like it but that's probably just due to familiarity and let's face it, even looking at a dog's dinner would be an improvement on the outgoing model with all that nasty plastic.

As part of the process I've also had to do a lot of research and have had a lot of discussions with Toyota product people and it is definitely a marked improvement in terms of tech, battery, and performance. They also moved the charging port to the opposite side and adopted the Tesla charger which is probably quite handy in America but not really here. It is also getting rave reviews stateside but I put that down to the paucity of choice over there, for me it is nowhere near as good as many of the Chinese models.

There are going to be a range of bZ models like an offroad type ("Woodland") and other SUVs in different sizes (probably bZ1, bZ2, bZ3).

I am wondering how they will price it here, the old one was ridiculously expensive. There is absolutely no mention of the car on the Toyota Thailand website - they really are hopeless. If it is priced competitively they'll sell a few as it isn't bad and there are many old farts in Thailand who still believe Toyota is the best so brand loyalty by morons will count for something if it is reasonably priced. Time will tell. I definitely wouldn't buy one personally.

 

 

That explains why the tires were falling off ... 👍

 

11 hours ago, Andrew Dwyer said:

Toyota launches the bz4x minor change 2025 here in Thailand.

Is that the rebranded BYD or is it something really from Toyota?  and then, what price, 2.5M LOL? 

Maybe the japanese are clever and wait a bit. They could buy some chinese manufacturers when these get into financial trouble, and get all the technology and workforce for cheap.

13 hours ago, Andrew Dwyer said:

Toyota launches the bz4x minor change 2025 here in Thailand.

 

 

Where is it made?  If China won't the tariffs kill it in the USA?

30 minutes ago, JBChiangRai said:

 

Where is it made?  If China won't the tariffs kill it in the USA?

Looks like Indonesia.

As China products not welcome in the US it might do okay there due to lack of competition but its all down to price.

 

https://autolifethailand.tv/photo-toyota-bz4x-minorchange-2025-ev-bev-thailand/

3 hours ago, TronxII said:

Is that the rebranded BYD or is it something really from Toyota?  and then, what price, 2.5M LOL? 

Maybe the japanese are clever and wait a bit. They could buy some chinese manufacturers when these get into financial trouble, and get all the technology and workforce for cheap.

This is the minor change update of an existing model launched a couple of years ago.

Price remains to be seen but allegedly cheaper than the original version which was expensive.

If not < 1.5 million it doesn’t stand a chance imho.

All Toyota I believe with maybe the battery from BYD.

The Toyota/BYD joint venture was the bz3x ( or something like that ) which was a nicer looking sedan type vehicle but seems to have faded into obscurity.

Considering the current stage of EV advancement, I may...may go for such a vehicle only to commute with my city boundries in Thailand. For longer trips, it would seem a risky option, considering the lack of recharging stations. 

 

Not to mention the issues and hassles in installing  charging wallboxes at one's residence if in a condo. 

 

Also the issue of the batteries and their lifespan and considering the  high costs of replacement when they are dead after x x x years. 

 

Far to many doubts on the safety issues of these vehicles that tend to catch fire here and there. 

 

What about the prices of electricity ? Gasoline prices are usually more or less...I said more or less,  under control locally and globally. But who can speak for any speculations on the prices of electricity when EV will be the norm ? 

24 minutes ago, SingAPorn said:

What about the prices of electricity ? Gasoline prices are usually more or less...I said more or less,  under control locally and globally. But who can speak for any speculations on the prices of electricity when EV will be the norm ? 

Buy solar panels, then the price of electricity won't matter.

My last electricity bill 350bht, that included my home, ev car, and ev bicycle.

17 minutes ago, SingAPorn said:

Considering the current stage of EV advancement, I may...may go for such a vehicle only to commute with my city boundries in Thailand. For longer trips, it would seem a risky option, considering the lack of recharging stations. 

 

Not to mention the issues and hassles in installing  charging wallboxes at one's residence if in a condo. 

 

Also the issue of the batteries and their lifespan and considering the  high costs of replacement when they are dead after x x x years. 

 

Far to many doubts on the safety issues of these vehicles that tend to catch fire here and there. 

 

What about the prices of electricity ? Gasoline prices are usually more or less...I said more or less,  under control locally and globally. But who can speak for any speculations on the prices of electricity when EV will be the norm ? 

 

Thailand has a superb charging network, you don't need to worry about that, just plan to charge in advance if you're up country.

 

You don't need a wallbox to charge, I have a friend who only charges at charging stations, mostly PTT's where she can have a coffee in Amazon and she's on her way in 30 minutes.

 

Current expert thinking is that battery packs will last the life of the car.

 

Statistics point to gas cars catching fire between 10 and 130 times more often than EV's, if you're worried about the fire risk, buy an EV, it's a LOT less likely to catch fire.

 

Currently, if you charge at home it will 4 or 5 times cheaper than putting gas in your vehicle, if you charge at charging stations it will still be half the price of filling a gas car.  I don't think you have to be worried about the price of electricity, remember the entire population needs it in their homes, I doubt you will ever see it significantly outpace inflation.

3 hours ago, Andrew Dwyer said:

Looks like Indonesia.

As China products not welcome in the US it might do okay there due to lack of competition but its all down to price.

 

https://autolifethailand.tv/photo-toyota-bz4x-minorchange-2025-ev-bev-thailand/

 

Indonesia has the same tariff as Thailand (19%), won't BYD be able to export cars from Thailand at the same rate? I'm sure Vinny will know.....

23 minutes ago, JBChiangRai said:

 

Indonesia has the same tariff as Thailand (19%), won't BYD be able to export cars from Thailand at the same rate? I'm sure Vinny will know.....

Toyota BZ4X Minorchange

The establishment of a 100% electric car production line in Indonesia, which appears to be a way to lower the price of the Toyota BZ4X due to the 0% AFTA import tax, but... it does not meet the criteria because the BZ4X assembled in Indonesia is SKD: Semi-Knock Down, with parts produced domestically or with less than 40% local content. This means that importing BZ4X from Indonesian factories to sell in Thailand does not receive the AFTA 0% import tax privilege, forcing Thailand to continue importing from Japan as before.

https://autolifethailand.tv/photo-toyota-bz4x-minorchange-2025-ev-bev-thailand/

This was published in 2024

EV imported into Thailand from Japan through the 

Japan-Thailand Economic Partnership Agreement (JTEPA) come with at least 20% tariff

https://fulcrum.sg/time-to-rebalance-the-wheels-in-thailands-green-automotive-policy/

6 hours ago, SingAPorn said:

Considering the current stage of EV advancement, I may...may go for such a vehicle only to commute with my city boundries in Thailand. For longer trips, it would seem a risky option, considering the lack of recharging stations. 

 

When I drove Internal Combustion, I used to take a one hour drive to Buriram airport and fly to BKK as the drive was so unpleasant.

 

Now I do the 900km round trip in my BYD Seal EV as I consider the flight to be so unpleasant compared to driving the Seal.