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 Price wars of EV has started, How will it end up?

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TSEnergyAnalyst
post Mar 23 2024, 11:03 AM, updated 2 months ago

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https://www.wapcar.my/news/price-war-with-b...-rm-1138k-78389

Ora good cat slash 26k off ! So now price is 114k

MG4 104k

And then for EV SUV , Chery Omoda E5 leading price advantage.

More to expect with pending launches from Xpeng, GAC Aion....

So will Tesla bring it on too?

This post has been edited by EnergyAnalyst: Mar 27 2024, 01:04 AM
sparketh
post Mar 23 2024, 11:11 AM

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Dont need give discount bro. Majority wont buy cos basically noone wants to own the battery. Ask them to guarantee battery for 20 years overhaul battery for lets say rm2000 -5000 then okay. Ppl will buy.
scorgio
post Mar 23 2024, 11:16 AM

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QUOTE(EnergyAnalyst @ Mar 23 2024, 11:03 AM)
https://www.wapcar.my/news/price-war-with-b...-rm-1138k-78389

Ora good cat slash 26k off ! So now price is 114k

MG4 104k

And then for EV SUV , cherry omoda E5 leading price advantage.

More to expect with pending launches from Xpeng, GAC Aion , Chandan Deepal

So will Tesla bring it on too?
*
Dolphin below 100k belum ada discount.
TreyLey
post Mar 23 2024, 11:18 AM

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still cant beat ice
Icehart
post Mar 23 2024, 11:33 AM

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Waiting for Tesla to cut Y price. If can get MY LR for 220k good man.

Also, movement to EV won't get any significant traction, not till Government increase fuel price to RM 4 and beyond.
(Thai RON95 is RM 5.11, while Vietnam is RM 4.75 as of this post)

This post has been edited by Icehart: Mar 23 2024, 11:33 AM
caviars
post Mar 23 2024, 11:37 AM

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Waiting for BYD Dolphin premium + free wall charger + charging credit + free 5-year service + 1.99% interest for RM100K.
TOMEI-R
post Mar 23 2024, 11:40 AM

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With the massive price cuts, discounts and price wars amongst EV brands, good luck disposing your EV cars in the future.
TSEnergyAnalyst
post Mar 23 2024, 12:16 PM

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QUOTE(TOMEI-R @ Mar 23 2024, 11:40 AM)
With the massive price cuts, discounts and price wars amongst EV brands, good luck disposing your EV cars in the future.
*
Why not you think like this , when EV cuts left right center, ICE car becomes increasingly not competitive unless they cut for me too
TSEnergyAnalyst
post Mar 23 2024, 12:17 PM

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QUOTE(scorgio @ Mar 23 2024, 11:16 AM)
Dolphin below 100k belum ada discount.
*
https://www.malaymail.com/news/malaysia/202...-malaysia/81696
Explained.

Unless MITI change stance

This post has been edited by EnergyAnalyst: Mar 23 2024, 03:31 PM
lj0000
post Mar 23 2024, 12:18 PM

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Only omoda can go below 100k ckd malaysia
TOMEI-R
post Mar 23 2024, 12:25 PM

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QUOTE(EnergyAnalyst @ Mar 23 2024, 12:16 PM)
Why not you think like this , when EV cuts left right center, ICE car becomes increasingly not competitive unless they cut for me too
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There are many reasons why EV prices being cut left right and centre which ultimately make consumers go back to ICE cars.

This post has been edited by TOMEI-R: Mar 23 2024, 12:29 PM
TSEnergyAnalyst
post Mar 23 2024, 03:30 PM

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QUOTE(sparketh @ Mar 23 2024, 11:11 AM)
Dont need give discount bro. Majority wont buy cos basically noone wants to own the battery.  Ask them to guarantee battery for 20 years overhaul battery for lets say rm2000 -5000 then okay. Ppl will buy.
*
QUOTE(TreyLey @ Mar 23 2024, 11:18 AM)
still cant beat ice
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https://www.carscoops.com/2023/11/australia...polluting-cars/

Advanced countries treat us like dumping ground and happily some of us still embrace them. Sad
rumahwip
post Mar 24 2024, 07:44 AM

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E5 below 100k would be nice
TSEnergyAnalyst
post Mar 25 2024, 03:19 PM

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https://www.wapcar.my/news/the-brand-that-s...v-segment-78412

Ready to not , here MG comes to bring more choices to Malaysian would be EV buyers
dudester
post Mar 25 2024, 03:25 PM

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this reminds me when VW give discounts, after market just dieded
TSEnergyAnalyst
post Mar 26 2024, 10:00 AM

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QUOTE(dudester @ Mar 25 2024, 03:25 PM)
this reminds me when VW give discounts, after market just dieded
*
A better comparison is solar PV quota and installation scheme for our country.

When the number reach initial quota, government reduce incentive, and making the newer scheme less rewarding .I reckon quota is how government of Malaysia measure the milestones. Malaysia has done this several times .


The initial incentive is called feed in tariff (FiT)

The FiT for Solar PV has been implemented in Malaysia since 2011 and it is already closed for registration since 2016. It wa s running for only 5 years.

It was paying back around RM1 to buy back electricity generated by solar PV, back then solar panels are expansive and new to Malaysian so it makes sense to encourage with generous incentive, bit it has a limited quota

FiT was later Replaced with Net Energy Metering Schemes (NEM).And NEM has gone through many versions

https://www.seda.gov.my/reportal/nem/

As solar panels get cheaper, the buy back price of solar power harvesting were set lower, e.g. initially buy back is around RM1 (around 2012, 12 years ago) lately the buy back is only about RM0.20 (2024 floating monthly)

So late comers actually get lesser benefits, things may be cheaper but fight for getting solar PV installed actually intensified because the deal is not as great and many realize, doing it later is actually worse.

So if we can draw parallel, the current EV incentives have a time limit, when the number of regustered EV reach certain milestone, government surely will reduce the incentives.

Will it be 5 years only also? I don't know but China has done it in to their EV incentives quite shortly

https://chinadialogue.net/en/business/life-...for-chinas-evs/


And even Thailand has scaled down EV incentives in second phase of EV incentives

https://www.aseanbriefing.com/news/thailand...cal-production/

So when do you think Malaysia will emulate Thailand and scale down EV incentives?

And it is not just carrots but also sticks. When our fuel gets less subsidies, our ICE cars will need to buy more expansive juice.

And it is already happening, with PADU closing 31 March just days away

https://www.padu.gov.my/

This post has been edited by EnergyAnalyst: Mar 26 2024, 10:05 AM
dark_axl21
post Mar 26 2024, 10:03 AM

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Malaysia so sad, charging is still going to be a problem.
TSEnergyAnalyst
post Mar 26 2024, 11:31 AM

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QUOTE(dark_axl21 @ Mar 26 2024, 10:03 AM)
Malaysia so sad, charging is still going to be a problem.
*
I don't share your pessimism

https://theedgemalaysia.com/node/705301

https://www.malaymail.com/news/life/2024/03...-se-asia/124591
TSEnergyAnalyst
post Mar 29 2024, 07:56 AM

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https://asia.nikkei.com/Business/Automobile...-Show-commences

A price war heats up in Thailand, am sure the heat up we will catch on as well
TSEnergyAnalyst
post Mar 29 2024, 08:47 AM

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BYD believes EVs, PHEVs entered the “knockout round”
Let the “liberation battle” begin


After declaring a “liberation battle” against gas-powered cars earlier this year, BYD, or Build Your Dreams, is putting pressure on overseas rivals.

During an investor meeting on Wednesday, BYD’s CEO, Wang Chaunfu, said it will launch its next-gen hybrid tech offering over 1,200 miles (2,000 km) range. We reported earlier this month that BYD looks to crush gas-powered car sales with its newest platform.


BYD believes EVs, PHEVs entered the “knockout round”
BYD's CEO, Wang Chaunfu believes EVs and PHEVs have “entered the knockout round” and that the next two years will be critical for automakers to scale, reduce costs, and introduce new tech.

Meanwhile, after launching in Japan last year, BYD already accounted for 20% of Japan’s EV imports in January, a market dominated by Toyota.

The automaker launched a “liberation battle” with drastic price cuts and new lower-priced models earlier this year.

BYD says its main competition is gas-powered vehicles and joint venture brands. Several of its most popular EVs, including the Dolphin and Seagull, were updated with lower prices. Its cheapest EV, the Seagull, starts at just $9,700.

https://electrek.co/2024/03/28/byd-evs-ente...tech-launching/


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