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

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hjack
post Mar 29 2024, 09:08 AM

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QUOTE(EnergyAnalyst @ Mar 29 2024, 07:56 AM)
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
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Last year news.
TSEnergyAnalyst
post Mar 29 2024, 03:36 PM

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QUOTE(hjack @ Mar 29 2024, 09:08 AM)
Last year news.
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Oops. That was indeed old , here are newer ones....

https://www.bangkokpost.com/business/motori...-fear-price-war

https://www.bangkokpost.com/business/motori...-fear-price-war

danielcmugen
post Apr 1 2024, 08:57 PM

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QUOTE(EnergyAnalyst @ Mar 26 2024, 11:31 AM)
If own house got no place to install charger, and this EV is your only car, u got confidence to full time rely on public chargers?
TSEnergyAnalyst
post Apr 1 2024, 11:31 PM

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QUOTE(danielcmugen @ Apr 1 2024, 08:57 PM)
If own house got no place to install charger, and this EV is your only car, u got confidence to full time rely on public chargers?
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Yes but I can only speak for myself because of my lifestyle and where I live and earn a living.
TSEnergyAnalyst
post Apr 1 2024, 11:46 PM

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Hope to see this making some action first in Thailand then perhaps ...Here

https://autobuzz.my/2023/12/15/honda-thaila...unch-next-year/
TSEnergyAnalyst
post Apr 2 2024, 10:11 AM

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https://www.dsf.my/2024/03/ev-price-war-on-...ow-in-malaysia/
812799
post Apr 2 2024, 10:13 AM

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price war is always good
TSEnergyAnalyst
post Apr 4 2024, 01:12 AM

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QUOTE(812799 @ Apr 2 2024, 10:13 AM)
price war is always good
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https://www.wapcar.my/news/byd-seagull-make...sized-bev-78616

But at the moment, we can't go below 100k so we will miss out BYD Seagull

P1 & P2 must be projected until these two launch their EV (of course below 100k lah)
812799
post Apr 4 2024, 09:04 AM

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QUOTE(EnergyAnalyst @ Apr 4 2024, 01:12 AM)
https://www.wapcar.my/news/byd-seagull-make...sized-bev-78616

But at the moment, we can't go below 100k so we will miss out BYD Seagull

P1 & P2 must be projected until these two launch their EV (of course below 100k lah)
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that's why until today, we can't see where P1 and P2 is heading, P2 partially of Brand T, and that Brand T is not in favour of EVs , hands are tied up for P2
TSEnergyAnalyst
post Apr 4 2024, 09:10 AM

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QUOTE(812799 @ Apr 4 2024, 09:04 AM)
that's why until today, we can't see where P1 and P2 is heading, P2 partially of Brand T, and that Brand T is not in favour of EVs , hands are tied up for P2
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P1 & P2 will have EV by 2025 launch in Malaysia

https://soyacincau.com/2024/02/21/proton-la...le-models-soon/

https://www.malaymail.com/news/malaysia/202...malaysia/125773
TSEnergyAnalyst
post Apr 5 2024, 09:43 AM

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https://restofworld.org/2024/china-ev-industry-slowdown/
QUOTE
China’s EV price war is killing brands and infuriating consumers

Fast depreciation in an already slow market has panicked car buyers, many of whom are venting their frustrations on social media.


Cease fire is needed
TSEnergyAnalyst
post Apr 6 2024, 07:24 AM

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https://www.wapcar.my/news/team-china-is-be...7s-launch-78671

How price wars may ends up with..... a good prognosis by Hans

Read another good piece at

https://www.wapcar.my/news/the-olympics-of-...alliances-77969

This post has been edited by EnergyAnalyst: Apr 6 2024, 07:24 AM
TSEnergyAnalyst
post Apr 17 2024, 10:11 AM

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https://theedgemalaysia.com/node/707890

Alternative Views: Automotive industry feels heat from intensifying EV price war

...Today, it is not unusual to find a new EV on sale for less than RM130,000. On top of the discounted price, the EVs come with a warranty of up to eight years for key components such as the battery.

The price war in the EV segment has had an impact on non-EV sales, too. A veteran car executive says prices of EVs are falling so much that even non-EV enthusiasts are thinking about purchasing one. He says customers are also waiting to see whether the government will allow the prices of EVs to drop below RM100,000.

At the moment, to protect local car manufacturers, importers are not allowed to set prices below RM100,000.

Perusahaan Otomobil Kedua (Perodua) has stated that it plans to come up with its own version of EVs next year. The price is likely to be less than RM100,000. If the local manufacturers join the fray, the government might loosen its hold on determining the pricing of EVs.

The executive says customers could postpone their decision to buy a new car, owing to the intense price war in the EV segment.

Car dealers also have to contend with the High Value Goods Tax (HVGT), which is to be imposed this year. They are hoping that the threshold for a car that will be affected by the HVGT will be higher than RM200,000 so that it will not affect the prices of mass market models.

EVs are relatively new to the Malaysian automotive industry. A year ago, it would have been difficult to find a Tesla on Malaysian roads. Today, however, they are a common sight on the roads of major cities here. The same goes for BYD’s EVs and other such models from China.

So far, there has been no push for the adoption of EVs in Malaysia because petrol is cheap and there are concerns about the ecosystem for supporting EVs.

How long, though, will petrol continue to remain relatively cheaper than in other countries in the region? As for an EV ecosystem, the number of charging stations is growing. There are already petrol stations along the North-South Expressway with charging stations.

The EV market in Malaysia will only grow because the price war will continue and the cars will get cheaper. The question is, will it take away market share from internal combustion engine vehicles and hybrid models?


TSEnergyAnalyst
post Apr 17 2024, 10:16 AM

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Unrelated but related maybe

Within 24 hours , 2 news on charge point operators reported

TIME dotCom enters EV charge point operator biz after Charge N Go becomes its 51% owned subsidiary


EVlution debuts charging stations at RHB Centre KL – new CPO targets 100 chargers in 1H 2024, 2k by 2025


Good
KingArthurVI
post Apr 17 2024, 05:11 PM

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QUOTE(EnergyAnalyst @ Apr 17 2024, 10:11 AM)
https://theedgemalaysia.com/node/707890

Alternative Views: Automotive industry feels heat from intensifying EV price war

...Today, it is not unusual to find a new EV on sale for less than RM130,000. On top of the discounted price, the EVs come with a warranty of up to eight years for key components such as the battery.

The price war in the EV segment has had an impact on non-EV sales, too. A veteran car executive says prices of EVs are falling so much that even non-EV enthusiasts are thinking about purchasing one. He says customers are also waiting to see whether the government will allow the prices of EVs to drop below RM100,000.

At the moment, to protect local car manufacturers, importers are not allowed to set prices below RM100,000.

Perusahaan Otomobil Kedua (Perodua) has stated that it plans to come up with its own version of EVs next year. The price is likely to be less than RM100,000. If the local manufacturers join the fray, the government might loosen its hold on determining the pricing of EVs.

The executive says customers could postpone their decision to buy a new car, owing to the intense price war in the EV segment.

Car dealers also have to contend with the High Value Goods Tax (HVGT), which is to be imposed this year. They are hoping that the threshold for a car that will be affected by the HVGT will be higher than RM200,000 so that it will not affect the prices of mass market models.

EVs are relatively new to the Malaysian automotive industry. A year ago, it would have been difficult to find a Tesla on Malaysian roads. Today, however, they are a common sight on the roads of major cities here. The same goes for BYD’s EVs and other such models from China.

So far, there has been no push for the adoption of EVs in Malaysia because petrol is cheap and there are concerns about the ecosystem for supporting EVs.

How long, though, will petrol continue to remain relatively cheaper than in other countries in the region? As for an EV ecosystem, the number of charging stations is growing. There are already petrol stations along the North-South Expressway with charging stations.

The EV market in Malaysia will only grow because the price war will continue and the cars will get cheaper. The question is, will it take away market share from internal combustion engine vehicles and hybrid models?
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Yeah during Raya Honda Malaysia is still selling 2023 stock for Civic, which never happens in the past.
aLittleMisfit
post Apr 17 2024, 05:14 PM

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i want proper Ev bike that can go above 70km/h

price <rm8k.

haiz dont have yet
cedyy
post Apr 17 2024, 06:46 PM

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it'd be interesting to see the 2nd hand value of these EVs in bolehland
TSEnergyAnalyst
post Apr 17 2024, 09:40 PM

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QUOTE(KingArthurVI @ Apr 17 2024, 05:11 PM)
Yeah during Raya Honda Malaysia is still selling 2023 stock for Civic, which never happens in the past.
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I am worried that this may be the start of many ssimilar fate for both EV and ICE

BYD also pushing out 2023 stocks at discount
hksgmy
post Apr 17 2024, 09:43 PM

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Waiting for Taycan Turbo S to drop price… wait until neck long long already….
TSEnergyAnalyst
post Apr 17 2024, 10:00 PM

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QUOTE(cedyy @ Apr 17 2024, 06:46 PM)
it'd be interesting to see the 2nd hand value of these EVs in bolehland
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Interesting ?

What I know is who is very interested.
QUOTE

Carsome, Thailand's largest online second-hand car platform, has announced its ambitious target to become the country leader for used electric vehicles (EV) within the next three years after a survey pointed to promising signs in domestic demand

https://www.nationthailand.com/business/corporate/40025532

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