MG vehicle price increases. Will probably roll out some promotions in the coming weeks/months where the price returns to the previous level....marketing strategy. The upcoming late Mar-early Apr 2026 Motor Show shows like a good time for the next promotion.

https://autolifethailand.tv/

And this car250.com website lists all the new 2026 prices for MG Thailand.

https://www.car250.com/mg-price-2026.html

The Excise Department is preparing to file a lawsuit to protect its interests.

Sources from the Ministry of Finance revealed to Prachachat Business that, following NETA, a Chinese electric vehicle (EV) manufacturer, withdrawing its investment from Thailand and returning to China , the Excise Department is currently preparing legal action to track down and investigate the company's assets.

NETA received investment promotion under the electric vehicle ( EV3) and EV3.5 incentive programs , which were subsidized by the government. Asset tracing will now focus on NETA Auto (Thailand) Co., Ltd., which is registered in Thailand, as the law does not permit pursuing assets from companies in China.

Authorities are aiming to pursue legal action against bank guarantees resulting from the EV 3.0 initiative.

Sources indicate that in its lawsuit against NETA regarding its eligibility for benefits under the EV 3.0 scheme, NETA allegedly used a method of hiring factories in Thailand to manufacture electric vehicles, presumably with bank guarantees as collateral.

"We need to recover the assets to get the money back. For the portion that received incentives under the EV 3.0 scheme, NETA hired factories in Thailand to produce the vehicles, and it's understood that bank guarantees were used. We will have to pursue the funds from those contracted manufacturers," the source stated.

I'm thinking Neta Thailand may soon declare bankruptcy. Their sales fell off a cliff in late 2025 and now the govt is going after them per above post.

The EV 3.5 subsidies are still continuing to offer up to 50,000 baht off in 2026, but only for cars assembled in Thailand.

This has reduced slightly from 75,000 in 2025.

It looks like the MG 4 has had a modest price increase roughly equal to this 25,000 reduction in subsidy.

On 1/2/2026 at 5:19 PM, KhunLA said:

I notice MG's promotion page is a bit empty, and no vehicles listed, as I was curious about the ZS EV pricing and if still at 499k, and if any left.

Guessing they are reassessing the 2026 pricing.

MG promotions for Jan 2026 now show on the MG Promotions webpage. You better go buy that IM6 now before the price goes up another Bt100K....it will make your wife happy since she wants an IM6....Happy Wife, Happy Life.

https://www.mgcars.com/th/promotions

10 minutes ago, Pib said:

I'm thinking Neta Thailand may soon declare bankruptcy.

I'm so glad I went with Toyota instead 😋

Transition to EV 3.5:

Due to a general market slowdown in 2024–2025, the Thai EV Board allowed manufacturers (including BYD) to postpone unmet EV 3.0 production commitments:

The Deferred Ratio: Any production not completed by the end of 2025 must now be fulfilled under EV 3.5 conditions at a stricter ratio of 1:2 by 2026 or 1:3 by 2027.

Subsidy Impact: Models like the BYD Dolphin and Atto 3 officially transitioned from the 150,000 THB EV 3.0 subsidy to a lower 50,000 THB subsidy under EV 3.5 starting January 1, 2026.

It will be interesting to find out how much of their production quota they carried forwards as the stricter ratios could lead to oversupply.

17 minutes ago, matchar said:

The EV 3.5 subsidies are still continuing to offer up to 50,000 baht off in 2026, but only for cars assembled in Thailand.

This has reduced slightly from 75,000 in 2025.

It looks like the MG 4 has had a modest price increase roughly equal to this 25,000 reduction in subsidy.

After that article was published

In December 2023, the Thai government extended the deadline for vehicle registration under the original EV 3.0 scheme from December 31, 2023, to January 31, 2024. 

And they extended EV 3.0 again in January 2024 until 31st January 2026 on the provision that all cars purchased under EV 3.0 were purchased by 31st December 2025

For 2025 the EV 3.0 subsidy was 150,000

4 minutes ago, vinny41 said:

After that article was published

In December 2023, the Thai government extended the deadline for vehicle registration under the original EV 3.0 scheme from December 31, 2023, to January 31, 2024. 

And they extended EV 3.0 again in January 2024 until 31st January 2026 on the provision that all cars purchased under EV 3.0 were purchased by 31st December 2025

For 2025 the EV 3.0 subsidy was 150,000

The 2025 150,000 EV 3.0 subsidy only applied to certain models produced locally such as Atto 3 and Dolphin.

In 2025 imported models such as the Sealion 7 received a 75,000 subsidy and also excise tax reduction.

From 2026 imported models are no longer eligible for any subsidy or excise tax reduction unless they plan to start local production of that specific model.

14 minutes ago, matchar said:

Transition to EV 3.5:

Due to a general market slowdown in 2024–2025, the Thai EV Board allowed manufacturers (including BYD) to postpone unmet EV 3.0 production commitments:

The Deferred Ratio: Any production not completed by the end of 2025 must now be fulfilled under EV 3.5 conditions at a stricter ratio of 1:2 by 2026 or 1:3 by 2027.

Subsidy Impact: Models like the BYD Dolphin and Atto 3 officially transitioned from the 150,000 THB EV 3.0 subsidy to a lower 50,000 THB subsidy under EV 3.5 starting January 1, 2026.

It will be interesting to find out how much of their production quota they carried forwards as the stricter ratios could lead to oversupply.

Since April 2025 a number of Brands have been exporting their vehicles

Every EV produced for export will now count as 1.5 units towards a manufacturer’s local production obligations, the agency said in a statement.
https://www.bangkokpost.com/business/general/3144209/thailand-adjusts-ev-policy-to-head-off-supply-glut
I think you will find that all the brands taking part in EV 3.0 have met their requirements regarding local production numbers with the execption of Neta

1 minute ago, vinny41 said:

Since April 2025 a number of Brands have been exporting their vehicles

Every EV produced for export will now count as 1.5 units towards a manufacturer’s local production obligations, the agency said in a statement.
https://www.bangkokpost.com/business/general/3144209/thailand-adjusts-ev-policy-to-head-off-supply-glut
I think you will find that all the brands taking part in EV 3.0 have met their requirements regarding local production numbers with the execption of Neta

I don't think that many have been exported yet, but they will probably ramp it up going forwards to tariff free markets such as the UK and Australia.

I've yet to see any confirmation that BYD have successfully met their local production quota though, please share if you have.

This is from AI so it might not be 100% accurate:

Production Quota Status

While BYD significantly ramped up production at its Rayong plant—reaching a milestone of 70,000 vehicles by late 2025—it did not fully clear all historical offset obligations by the end of the year.

Partial Fulfillment: BYD used its high-volume production of the Dolphin and Atto 3 to offset a large portion of its 2022–2024 imports.

The Rollover: Under a special provision approved by the EV Board, any production commitment not completed by the end of 2025 was transferred to the EV 3.5 scheme.

Export Strategy: To accelerate compliance, BYD became the first manufacturer to utilize the "export credit" rule, where exporting a Thai-made car counts as 1.5 units toward their local production quota.

Consequences of the 2026 Rollover

Because BYD transitioned remaining obligations into EV 3.5, it faces stricter operational conditions starting January 1, 2026:

Stricter Ratios: Any imported vehicles from 2025 that were not offset by year-end must now be matched by domestic production at a higher ratio of 1:2 by 2026 or 1:3 by 2027.

Subsidy Suspension: Government policy dictates that EV 3.5 subsidies for new models will only be disbursed once the manufacturer has fully completed its transferred EV 3.0 production debt.

29 minutes ago, matchar said:

I don't think that many have been exported yet, but they will probably ramp it up going forwards to tariff free markets such as the UK and Australia.

I've yet to see any confirmation that BYD have successfully met their local production quota though, please share if you have.

29 minutes ago, matchar said:

From 2026 imported models are no longer eligible for any subsidy or excise tax reduction unless they plan to start local production of that specific model

You sure about above....imported EV "passenger cars" are suppose to still be eligible under EV3.5 but "not" imported EV pickup trucks or motorcycles.

On 1/10/2026 at 12:24 PM, Bandersnatch said:

We bought one of these for the wife to scoot round the village.

The problem with them is no registration / license plate / insurance.

I wouldn't want to risk driving in Bangkok with it. Even short distance. One unlucky accident and it cost you a fortune

48 minutes ago, matchar said:

I don't think that many have been exported yet, but they will probably ramp it up going forwards to tariff free markets such as the UK and Australia.

I've yet to see any confirmation that BYD have successfully met their local production quota though, please share if you have.

Thailand has achieved a historic milestone, with the Federation of Thai Industries (FTI) confirming the export of its inaugural consignment of 660 electric vehicles (EVs) in April 2025.

https://www.nationthailand.com/business/automobile/40050341

BYD has reached the milestone of producing its 70,000th vehicle at its Thailand plant, about 16 months after operations commenced

The Chinese new energy vehicle (NEV) maker reached this milestone on November 27 2025

https://cnevpost.com/2025/12/03/byd-thailand-plant-70000th-production-milestone/

BYD has exported electric vehicles

The first batch of 959 cars is destined for the European market, including Germany, Belgium and the Netherlands.

Higher sales, higher offset obligations

As Thailand’s leading EV brand and the country’s fourth-largest carmaker overall, with an 8% market share, BYD faces one of the heaviest obligations. It must produce about 30,000 units to offset imports under EV 3.0.

https://www.nationthailand.com/business/automobile/40054464

If this article is correct then BYD have easily met their local production requirements

1 hour ago, matchar said:

I don't think that many have been exported yet, but they will probably ramp it up going forwards to tariff free markets such as the UK and Australia.

I've yet to see any confirmation that BYD have successfully met their local production quota though, please share if you have.

This is needed...hope it spreads to other Chinese vehicle manufacturers in Thailand.

https://www.tech-hangout.com/gwm-launches-a-7-day-spare-parts-guarantee-to-boost-after-sales-confidence-in-thailand/

https://www.car250.com/gwm-poin-2026.html

GWM (Thailand) is elevating its status as a leading Chinese automotive brand offering a comprehensive range of powertrains to meet the needs of users worldwide. Under the concept of "All Scenarios," with products encompassing all powertrains, GWM aims to cater to all user groups. It reinforces its position as a leader in the modern Chinese automotive industry, prioritizing after-sales experience as much as the quality of its technologically advanced and innovative vehicles. The launch of the "GWM 7-Day Parts Availability Guarantee" campaign addresses the biggest concerns among Thai consumers regarding Chinese automotive brands: delayed parts availability and lengthy repair times. These concerns are a significant obstacle to owning vehicles from China. For over five years since entering the Thai market, GWM has focused on improving after-sales service with GWM SMART Service. This service is simple, modern, attentive, reliable, timely, transparent, and verifiable, ensuring responsible customer care and elevating GWM's position as the most trusted Chinese automotive brand in Thailand. And it's truly the number one Chinese car brand in terms of after-sales service.

Addressing a major pain point for Thai people : the problem of long waiting times for spare parts.

Despite the rapid growth of Chinese-made cars in Thailand, many consumers remain hesitant to own one due to negative experiences, both from friends and family and from online reviews, as well as personal encounters with long wait times for spare parts, uncertain repair schedules, and unreliable after-sales service. GWM addresses this with a "direct solution" campaign: "GWM Guarantees Parts Availability within 7 Days " after customer repair order confirmation*. This aims to build confidence in GWM's efficient parts management and prompt service, eliminating worries about long waiting times. If customers experience delays in receiving parts beyond the 7-day period, they will receive 4,500 GWM Points as compensation, redeemable for goods and services via the GWM Application. This campaign covers all GWM models and runs from January 1st to December 31st, 2026.

23 minutes ago, CLW said:

The problem with them is no registration / license plate / insurance.

I wouldn't want to risk driving in Bangkok with it. Even short distance. One unlucky accident and it cost you a fortune

What makes you think that they cannot be registered? from decogreenenergy's FAQ:

2 hours ago, CLW said:

The problem with them is no registration / license plate / insurance.

I wouldn't want to risk driving in Bangkok with it. Even short distance. One unlucky accident and it cost you a fortune

5 hours ago, CLW said:

The problem with them is no registration / license plate / insurance.

I wouldn't want to risk driving in Bangkok with it. Even short distance. One unlucky accident and it cost you a fortune

Had ours, also DECO brand, for 4.5 yrs, registered, tagged & insured. They even qualify for EV govt subsidies, 18,000 THB off list price.

Other brands also can be registered, tagged & insured.

13 hours ago, matchar said:

This is from AI so it might not be 100% accurate:

Production Quota Status

While BYD significantly ramped up production at its Rayong plant—reaching a milestone of 70,000 vehicles by late 2025—it did not fully clear all historical offset obligations by the end of the year.

Partial Fulfillment: BYD used its high-volume production of the Dolphin and Atto 3 to offset a large portion of its 2022–2024 imports.

The Rollover: Under a special provision approved by the EV Board, any production commitment not completed by the end of 2025 was transferred to the EV 3.5 scheme.

Export Strategy: To accelerate compliance, BYD became the first manufacturer to utilize the "export credit" rule, where exporting a Thai-made car counts as 1.5 units toward their local production quota.

Consequences of the 2026 Rollover

Because BYD transitioned remaining obligations into EV 3.5, it faces stricter operational conditions starting January 1, 2026:

Stricter Ratios: Any imported vehicles from 2025 that were not offset by year-end must now be matched by domestic production at a higher ratio of 1:2 by 2026 or 1:3 by 2027.

Subsidy Suspension: Government policy dictates that EV 3.5 subsidies for new models will only be disbursed once the manufacturer has fully completed its transferred EV 3.0 production debt.

To meet a production year requirements under EV3.0/EV3.5 the govt has really bent over backwards to support the EV manufacturers. Like for this 2026 production year, if the manufacturer does not meet their 12 month production requirement by 31 Dec 2026, well, they actually have another 6 months until 30 Jun 2027 to meet the requirement effectively giving them 18 months to meet a 12 month production requirement. Ditto for production year 2027 which is extended from 31 Dec 2027 to 30 Jun 2028. See below BOI EV3.5 Press Release dtd 25 Nov 2025 for more details.

And there is now even a "Reverse Exit" option for vehicles already registered but subsidy not paid out yet for some reason....this will help manufacturers meet production year requirements.

Yeap, the govt is giving manufacturers various off ramps. The EV3.0/3.5 program has a lot of fine print that can affect manufacturer pricing strategy. Preaching to the choir I know.

BOI EV 3.5 Press Release 25 Nov 2025...see weblink for full article...partial quote also below

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.boi.go.th/upload/content/PR168_2568EN.pdf

EV Board Approves Policy Refresh to Strengthen Thailand’s Electric Vehicle Ambitions.

Key policy updates simplify rules, extend deadlines, and offer new export incentives, reinforcing Thailand’s appeal as a global EV investment and manufacturing hub.

II. Managing Potential Oversupply

1. Export Incentive for Local Production: Reaffirming a July 30, 2025, decision, every EV produced for export will now count as 1.5 units towards a manufacturer's local production obligations under the EV3 and EV3.5 schemes. To support this, manufacturers will get an extended deadline until June 30 of the following year to export their vehicles and submit export proof, and the coverage period for Bank Guarantees will be extended by six months.

2. "Reverse Exit" for Registered Vehicles: The Board has approved a "Reverse Exit" option for EV3 and EV3.5 vehicles that were imported and registered but haven't received subsidies. This allows affected manufacturers to repay the excise tax difference, along with penalties, removing these vehicles from their local production commitments.

20 hours ago, vinny41 said:

Thailand has achieved a historic milestone, with the Federation of Thai Industries (FTI) confirming the export of its inaugural consignment of 660 electric vehicles (EVs) in April 2025.

https://www.nationthailand.com/business/automobile/40050341

BYD has reached the milestone of producing its 70,000th vehicle at its Thailand plant, about 16 months after operations commenced

The Chinese new energy vehicle (NEV) maker reached this milestone on November 27 2025

https://cnevpost.com/2025/12/03/byd-thailand-plant-70000th-production-milestone/

BYD has exported electric vehicles

The first batch of 959 cars is destined for the European market, including Germany, Belgium and the Netherlands.

Higher sales, higher offset obligations

As Thailand’s leading EV brand and the country’s fourth-largest carmaker overall, with an 8% market share, BYD faces one of the heaviest obligations. It must produce about 30,000 units to offset imports under EV 3.0.

https://www.nationthailand.com/business/automobile/40054464

If this article is correct then BYD have easily met their local production requirements

It is not exactly crystal clear...as of the date of that Nation article, they still had 30,000 left to produce.

How many of those 70,000 were produced before that date? And how many cars did BYD import in 2025?

I think MG and GWM have announced they successfully met their production quotas.

Whereas BYD have been rather quiet on that topic, unless I missed their announcement. Seems to me if they did meet their quota they would want to brag about it.

21 hours ago, Pib said:

You sure about above....imported EV "passenger cars" are suppose to still be eligible under EV3.5 but "not" imported EV pickup trucks or motorcycles.

https://www.nationthailand.com/business/automobile/40061166

Chinese automakers are raising EV prices for 2026 after EV3.0 ended and EV3.5 cut subsidies to 50,000 baht for locally built models, while imports lose support and face 10% excise.

Chinese automakers are rolling out new, higher EV price lists for 2026 after the government’s EV3.0 scheme ended and was replaced by EV3.5, which reduces support and changes incentives, particularly for imported models.

Under EV3.5, the subsidy has been cut to 50,000 baht and applies only to vehicles assembled in Thailand. Imported models are not eligible for benefits and face a higher excise tax of 10%, up from 2%, if brought in under EV3.5 conditions.

"Rêver Automotive, BYD’s distributor, expects total 2025 sales to reach nearly 50,000 units (with registrations at 44,636). Executives have confirmed that BYD ATTO 3 and BYD DOLPHIN will move up in price as previously announced, with new pricing being prepared and awaiting approval from the Excise Department.

Imported models have already been repriced. BYD Sealion 7 is up 190,000 baht to 1,264,900-1,364,900 baht, while BYD M6 has risen 160,000 baht to 909,900-1,009,900 baht."

Perhaps BYD are negotiating their production quota and subsidies with the Excise Department?

2 hours ago, matchar said:

https://www.nationthailand.com/business/automobile/40061166

Under EV3.5, the subsidy has been cut to 50,000 baht and applies only to vehicles assembled in Thailand. Imported models are not eligible for benefits and face a higher excise tax of 10%, up from 2%, if brought in under EV3.5 conditions.

I wonder if the phrase ".....if brought in under EV3.5 conditions" has a major impact on the excise tax? What would be the excise tax if "not" brought in under EV3.5 conditions?......Tax higher than 10%....maybe still low at 2%....etc?

On 1/12/2026 at 2:56 AM, JBChiangRai said:

The entire plastic case has gone very sticky, is there a solution for that?

Not really a solution, but I use to rub it with powder - at least it removes the stikieness. We always have a lot of powder around, my wife puts it on the body, and then distributes it throughout the house :-(.

1 hour ago, Pib said:

I wonder if the phrase ".....if brought in under EV3.5 conditions" has a major impact on the excise tax? What would be the excise tax if "not" brought in under EV3.5 conditions?......Tax higher than 10%....maybe still low at 2%....etc?

No I think the 10% is standard. Now only locally produced models have the reduced 2% excise tax, hence the large price increase on the BYD Sealion 7 (loss of 75k subsidy plus another 100k or so in excise tax).

Now imported and locally produced PHEVs have an excise tax of only 5% in 2026 and they also have much lower insurance costs than pure EVs.

I think my next car will be a PHEV. I would prefer a pure EV but the price of insurance puts me off.

It will be interesting to see the impact on sales/registrations over the coming months.

Now of course Jan 2026 "registrations" will be HIGH (probably set a new record) due to end of year sales/Motor Expo 2025 promotions.

Feb and Mar "sales & registrations" will give a much better idea of the impact of the new & improved prices (i.e., higher prices). I guess for sales figure we'll have to rely on press releases from the vehicle companies and hope they are honest. DLT for the registration stats.

If sales tank due to the new & improved prices then at the upcoming late Mar/early Apr 2026 Motor Show there may be some big price cuts as the vehicles manufacturers try to get sales back on track.

Heck, I wouldn't be surprised to see the govt tweak EV3.5 rules again to help the vehicle manufacturers as it seems the vehicle manufacturers have done pretty good so far in the getting the govt to tweak EV3.5 rules several times over the last year to benefit the manufacturers. Time will tell.

12 hours ago, TronxII said:

Not really a solution, but I use to rub it with powder - at least it removes the stikieness. We always have a lot of powder around, my wife puts it on the body, and then distributes it throughout the house :-(.

It's been on charge for a few days but it's not working, so I guess it's going in the bin.