EV manufacturers dont care. They just want to offload their excess stocks which is pilling up in their yards.

Yes they can give massive discounts for it and when the losses are too heavy and stocks can't be offloaded anymore, they will just simply exit the market.
Most of them are new brands and unheard off. They can just close the company and open another new one later one will new offerings if they still have the capability to do so.

To be frank with you, most of these used units of EVs are the manufacturers own used units, preregisterd units (to meet targets), test drive units, company staff use units being sold by their own authorized dealers. Outside car dealers like us rarely can get EVs traded in because customers usually cannot bear / cope with the on paper losses. For Chinese cars and EVs, most of the loan amounts are higher than the trade in value so many customers have to top up to sell their cars and hence very hard to deal.

This post has been edited by TOMEI-R: May 24 2025, 11:32 PM

https://www.dsf.my/2023/04/9-chinese-nev-an...ont-know-about/

Here is 9.

I think most Malaysians would only have heard of half of those in the list. The rest would still be new to them.

Article is not written by me. You dont know how to read?

China is China. This is Malaysia. And we are discussing about Malaysians in this thread.

This post has been edited by TOMEI-R: May 23 2025, 01:26 PM

https://www.freemalaysiatoday.com/category/...nas-auto-market

Even dealers in China cannot survive now. Malaysian market is a dumpsite for them to dump their excess stocks and hence you see the huge discounts.

That is true. I couldn't imagine how much tesla would be squeezing us if they are the only company making EVs right now.

Many need the trade in money from their used cars to put as downpayment for the next car they are buying.