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82
FBI Uncovers Key Devices in COVID Origins Probe: Kash Patel Signals Breakthrough
Of course there's links to bat viruses. That's what was being used with gain of function technology using humanised mice in the Wuhan Lab. -
39
Whats the point of the morning and afternoon alcohol law?
i vaguely remember there was something similar in the UK when I was a youngster. It was prohibited to buy alcohol at certain times from what were called "Off Licences". Even our local pub had a separate door to a small room with a counter where they sold alcohol to be consumed off the premises. -
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Islamist Refugee at Centre of Pro-Palestinian Protest Sparks Uproar Over Two-Tier Policing
Well that's one of the problems. Very , very few Moslems call the bad Moslems out. That religion runs on fear. -
0
Economy Thailand's EV Sales Surge Amidst Industry Challenges and Price Wars
Picture courtesy of CHUTTERSNAP, Unsplash The electric vehicle (EV) market in Thailand is witnessing transformative shifts, highlighted by a notable 46% rise in battery EV (BEV) sales from January to April this year. Despite this impressive growth, the industry faces formidable challenges impeding a seamless trajectory, including fierce competition and a downturn in the broader automotive sector. According to the Automotive Industry Club of the Federation of Thai Industries (FTI), BEV sales in the passenger car category surged to 33,633 units. This contrasts with a 13% decline in internal combustion engine (ICE) vehicle sales, which fell to 48,784 units. Meanwhile, plug-in hybrid EV (PHEV) sales soared by 409% to 3,543 units, whereas hybrid EV (HEV) sales saw an 11% dip to 41,228 units. Despite fluctuations, HEVs maintained dominance with a commanding 20% market share. Significant challenges arise from the intensifying competition among EV manufacturers. Notably, a heated price war, led by companies such as BYD, has added pressure in the market. Hozon Auto, the parent company of Neta Auto Thailand, is dealing with financial strains, while Great Wall Motor (GWM) is recalibrating its production focus toward diesel vehicles in response to market demands. Economic factors, including consumers' concerns over high maintenance costs and insurance premiums, coupled with weakened purchasing power, are further adding to the industry's complexities. Kriengkrai Thiennukul, chairman of the FTI, emphasizes that the sluggish economic conditions have prompted a strategic price war among Chinese EV manufacturers to galvanize sales. BYD has notably slashed prices on 22 models, including the affordably priced Seagull EV at about 255,000 baht (US$7,790), undercutting even some motorcycles. Amidst these strategic adjustments, Sun Baolong of Hozon Auto speculates that the price war may conclude next year, warning that such tactics affect not only profit margins but also brand reputation and customer trust. Concurrently, Narong Sritalayon of Thonburi Neustern Co points out the hurdles facing potential buyers, who find it challenging to secure auto loans due to stringent lending standards exacerbated by high household debt levels. GWM (Thailand) is responding by diversifying its production strategy, focusing on both diesel and EVs to align with broadening consumer demands. The company's plan involves further investments in EV manufacturing, while sustaining multi-powertrain options to serve diverse market needs. Government incentives are also evolving, with the Thai government modifying tax benefits to encourage PHEVs with extended ranges. Deputy Finance Minister Paopoom Rojanasakul has highlighted efforts to foster automotive sector investments as Thailand transitions toward next-generation vehicles. Neta Auto Thailand is actively restructuring to address its financial challenges, assuring its customer base of continued service. Meanwhile, insurers like AXA Insurance Thailand and Allianz Ayudhya General Insurance, represented by Guillaume Mirabaud and Lars Heibutzki, respectively, express concerns about the broader implications for customer confidence and insurance coverage stemming from Neta's fiscal troubles. While last year's motor insurance market grappled with fewer new vehicle registrations, the persisting price war among Chinese automakers is anticipated to rekindle sales momentum this year. Nevertheless, the profitability of EV insurance remains slim due to elevated parts costs, prompting AXA Thailand to advocate for bespoke EV insurance solutions to better meet industry needs and bolster confidence. Adapted by ASEAN Now from The Thaiger 2025-06-09 -
232
Trump's crackdown on LA protests is pure hypocrisy
A personal flame and reply has been removed -
41
Crime Phuket Police Hunt Foreigners After Brutal Assault on Mall Security Guard
We tell the truth. You can't handle the truth.
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