Why THAILAND is the KEY to Chinese EV Makers overseas expansion
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- Опубліковано 24 вер 2024
- I recently visited Thailand to see the impact of the new EV manufacturers on the streets of Bangkok - and what implication this has globally over the next few years.
Follow me on Twitter @ElliotChina
It is not true that Americans don't want Chinese EVs. A lot of the younger people don't care where the cars are made and would like to get their hands on them, but the government told them they couldn't. With prices of new cars hovering about 40k+ for a bare minimum ice car, i, too, would love to get my hands on these affordable Chinese evs.
I’m in Thailand and own 2 EVs an MG and a BYD all powered by solar - we have a lot sun here 😊
EV sales here in 2022=9,729 in 2023=76,314 Now over 13% of sales are full EVs
We own a BYD Dolphin and Atto 3. My energy costs are about 1/3 of ten former Mazda Diesel cars. I very impressed of ten quality - but u miss the style of Mazda…
wow!
No body talking about Nepal, EV penetration rate is 65%, energy source is 100% renewal.
1st! Thailand’s auto industry doesn’t get talked about enough.
Mass EV use can save a nation from currency attacks. Most nations foreign currencies goes to oil purchases. Above all the nation with mass usage of EVs will have very strong national currency.
Thailand has many advantages in vehicles manufacturing including Thai Govn Subsidies, Tax breaks, etc. Plus hardworking, skill and well educated labor force and engineers. Malaysia and Indonesia have tried to attract Car manufacturers to go there BUT Thailand has been the MOST successful in doing so. Thailand is part of ASEAN .... Thus duties/levies for Thailand Exports are zero or very low. ASEAN has over 600million population and a growing middle class.
As I am Thai I've been waiting for someone to talk about Thailand in terms of the manufacturing sector. Thailand is a center for manufacturing many products. Chonburi, Rayong, Samut Prakan are places where there are factories producing many car brands ex. Mercedes BMW Isuzu Toyota Honda Mazda. Thailand isn't just about Bangkok and beaches.
I'm so glad I discovered your channel - Fully Charged is, in my opinion, too limiting of an outlet, but here, you can really dive deep into interesting subjects
Thank you! I love nerding out on really in-depth topics related to EVs
Didn't imagine that Thailand is such an important market for car manufacturers,
Great video Elliot
Q1 sedan sales in Thailand : camry: 454, Accord: 911, Deepal L07: 144, GWM Ora07: 252 and BYD Seal: 3605! Not sure how much longer the Japanese can sustain this....
Whoa
I trust this will effetto msian market as well. Chinese car has been flooded M'sia market with affordable prices and this get Tesla goosebumps. That is why Tesla announced they cancel the factory in SEA.they focus to supercharger. They are far behind byd n geely. Against, 80% of user is favour Chinese car branded rather Tesla 😂😂😂
@@izwandyibrahim488 indeed
Forgot to mention that MB, BMW have local assembly here in Thailand as well and I don't know their current sales figures. From past statistics they always sold less than camry which here was always viewed as the executive sedan offered to senior managers here in Thailand. I think for smaller cars like Honda Jazz. Toyota Yaris etc the picture looks equally grim with BYD Dolphin, GWM and Neta all offering much lower prices than the japanese ICE cars. The current price for electricity is quite low (thb 2.5 - 4.8 per kw) vs petrol price of thb 42 per litre means that charging a an ev fully is less than 30% filling your ICE tank....
Japanese doing just fine (for now) one example on Q1 2024 in B-Seg./Eco Car “Toyota Yaris ATIV”: 11,248
Excellent summary Elliot, thanks. I was surprised last week when I noticed the range of models that MG is selling via their Thailand website. It makes sense now.
As Thai citizen here. Chinese car in Thailand still 2x~3x% expensive than in China. But overall seems to beat Japanese car in value proposition. The real challenge for Chinese car in Thailand is after-sale and customer service In which Japanese car does well here.
Toyota service is no longer as good as it was, Have a BYD service is #1!!!
Also Thailand has the 2nd most expensive petrol in the region after Singapore. Other large car makets like Malaysia and Indonesia still subsidises petrol
The Thai government still control (subsidies) fuel. But EVs are far cheaper to drive, especially in urban areas.
Thank you for a great video Elliot . Legacy Automakers are in for a tough time in the next few year’s !
Despite what the press in Nth America, Europe, & and UK keeps telling us about Chinese made EVs - i.e., public don't want Chinese made cars - I think that that most of that sentiment is a thing of the past. So long as it does what it says on the tin, so to speak, and for a reasonable price, most people are ambivalent about a vehicle's origins. Depending on what happens in 🇺🇸's November elections, I can easily envisage an eventual influx of cheap Mexico manufactured EV's into the country from Chinese owned vehicle manufacturers; in a way, not that different from the Japanese conquest of the North American market in the 80's and 90's that drastically cut the market share of the likes of GM, Ford, Chrysler etc.
Very interesting Elliot, thank you!
This could have been the Philippines. Unfortunately they decided to trade commerce and much needed infrastructure for a few more military bases
Philipine leader its a strange one...really dont know why would they elect such a dubious ex dictator that was kicked out of the country?? literally their national day its the day they kicked this guys father. he was propted by US and had tons of guns from US. now his son oes exactly the same...so stupid
bravo, more analysis of the IMPACTS of EV welcomed
South Africa must just drop their luxury tax on EV’s then Thailand won’t be able to keep up with orders
Great video Elliot. This is the sort of content Fully Charged use to provide before they started to just shill car manufacturers propaganda. I imagine all the Chinese players will have to follow GWM, SAIC & BYD into SE Asia, will they bet on Thailand or are there other countries eager for these plants?
Elliott, does this mean if a Chinese car is manufactured in Thailand then the current import levy doesn't apply?
Yes. Foreign car manufacturers (not only Chinese) get special conditions when they manufacture in Thailand or invest in projects like the new battery factory of CATL. Currently BYD, Changan, GAC and GWM produce or soon will start production in Thailand. But just last week Hyundai also signed a contract for an EV factory in Thailand.
Soon , Thailand will no longer be dubbed as Detroit of Asia but EV hub of the Dragon.
Thailand is a smart country 👍Btw Elliot, you're forgetting Hong Kong as one of the right-hand drive markets (where 70% of cars sold today are EVs and it was, for a long time, perhaps still is, Tesla's no.1 market per capita. Though BYD, Xpeng, MG, and many others are now present).
Thailand small? its bigger then UK. :)) HK will remain behing betting on TEsla only
@@havencat9337 Can you read? I wrote Thailand is "smart." There I am complimenting the place and you insult HK instead. Btw, the HK has loads of other EV brands, but again, you couldn't read what I wrote...
It's surprising how many right hand drive markets there are, even more than you mentioned. Great video and well presented keep up the good work Elliot.
Why use left and imperial units? That is mad.
@@contraplano3157 I agree imperial units are mad, I always use metric where possible. They teach the metric system in UK schools. As for driving on the left that goes way back in to our history. Sweden changed from driving on the left to the right.
Did you spot those giant ads billboard when exiting suvarnabhumi? Where the Japanese cars were advertised remain only the Chinese! I expect there will be more investment from China in Thailand (not only in EVs, but historically car manufacturing is very key to Thailand industry).
It is surprisingly great that thailand did the right thing to allow manufacturing of evs quickly and corruption didnt muck it up yet we will see??
Absolutly midblowing how the car industry in Thailand has changed
I recently went to Jakarta for two weeks, I think the EV is yet to catch up there! I cannot understand given the extreme pollution, in two weeks I checked the AQI, it didn’t go down to anywhere below 140 which back in HK we would have been told to stay at home. I need to wear a mask all the time while I was there.
The EV cars and motorbikes would have help the capital to get a control on their pollution, but when I visited some of the EV exhibitions people interest seem to be lukewarm, not sure was it because government is not giving them incentives to do so. My limited understanding is that the Indonesian government is a bit “up themselves” kind of attitude when negotiating, comparing to Thai, they lack the infrastructure and human capital which doesn’t give them the advantages they need.
Keep an eye on Thailand is good advice. Their auto manufacturing is a developing sector and having worked with Thai engineers (in Thailand), I know they're good. Don't expect miracles though. It's taken China 20 years or more, to get to where it is in the ev business.
One compelling reason for buying a Chinese EV as opposed to Tesla is Elon Musk. Yes I'd rather Xi Jin Ping gets my money than Musk.
byd is also building car plant in pakistan also rhd car market
Did he just say Thailand has been very JDM heavy? It's not even funny anymore how many don't know what JDM or Japanese Domestic Market means
well tell that to the 'car enthusiast', they the one who started the hype
@@GForce162 Except it wasn't, it was fake car enthusiast if anything
Geely are doing Very well
As a Thai petrolhead, I can say that most of us still didn't care about Chinese EV. But yes, most of Thais chose to go with Chinese EVs. Because price? Nah! Because toys and gimmicks. LOL
This here is the truth :D
The only problem with these nations is they drive on the other side which closes the door to any parallel import and true competition
I would say it's good that the market become more competitive. However, I quite disappointed on how the game turn into gimmick and price war, and no one care about durability, livability, comfortability, and ridability anymore.
Thailand has lots of sun and people dont have a lot of $$$. its perfect match!
Need to switch to EV , climate change and hot hot weather everyday .
Here in South Africa , BAIC, GWM and Haval have been present since 2010. When it comes to EVs we don't want to import them. We want them manufactured on our soil.
Unfortunately, the majority buyers of the Chinese EVs at the moment are those who are on the low incomes side. These buyers are not ready to replace the battery when needed. It is well known that lithium ion battery is vulnerable to spontaneous ignition when it is old or physically tempered with. A minor accident with the car may require the battery replacement which may cost upto 90% of a new car and these buyers complain. To satisfy these buyers, the Chinese manufacturers only affected modules. The point is which modules are not affected by the accident. Hence, it is possible that the vehicle become more e vulnerable to spontaneous ignition after the accident. Many of these owners live in a small house and the car may park overnight blocking the entrance. Should the vehicle catch fire at night, tragedy may happen. It is also possible that the owners live in a condominium, in that case a fire caused by the vehicle can cause serious damage to other cars and the building.
To say that EVs are environmentally friendly may not be true here in Thailand, as far as I know, there is no regulation on what must be done with the old batteries. And this can cause a big problem in the future.
Also in Thai. This years economics run badly and cars sell less and less. Newcomer chinese brand (or even 10:24 Japanese brand) will face the hard time.
I'm from a european country , i wouldn't say people will not buy Chinese but that they have no reputation and a car isn't a phone ,most people don't change cars every 3 years.
Tesla is number 1 still and despite usa cars not been popular here they did well marketing the first comercially viable ev, most new car buyers(80%) in my country are business owners so they don't necessarily need to skimp on price, brand loyalty in my county is quite high, wannabe car culture is also big among young people and most of them want to own a bmw doesn't matter if it's 10 years old, uber drivers seem to be one of the target demo for ev sales.
Petrolheads will be relented to own an ev unless they can get the same feel, here i would say driving experience are more important than tech gimmicks like ai, design is also important people are dumb and they will take a nice looking car over a "good" car.
90s Car culture classic:honda civic,seat ibiza,Peugeot 205,opel corsa,vw golf,bmw 325 ect
Girlies usually rounder and smaller car like fiat 500.
Then you the rest ,people that want cheap and practical, the brand loyalist,the i don't mind trying something new person.
Although the automotive trend is bigger cars because of bigger profits it doesn't make sense we are having less babies.
Hatchbacks for entry level consumers will be the best bet, people that usually buy bmw,Mercedes will be difficult to acquire but they can target the aspiring tesla owner especially now with musk reputation decreasing
keep saying that dude and you get stuck behind. Come to visit Asia, things are way way more developed then youd think. im from Eastern europe and back home everyone says EV its not the future, but living in ASia i can tell you they area the future for sure!
@@havencat9337 It doesn’t depends on me depends on the people as a whole,my country for Europeans standards is going against the trend but there’s countries we’re adoption is lower,also new stats reported that hybrid are becoming more popular than full ev’s, Germany for example is slashing ev subsidies and thus decreasing sales of them. Nowadays a lot of people aren’t brand loyal still they need to have a reputation, Tesla was successful imo because we watched a lot usa content so people got hyped , now the Chinese need to do the same , some will buy them but for mass adoption I think it will take a while in some countries than others but I might be wrong.
I didn’t say anything bad about Asia although I think we aren’t as tech focused as them, nowadays is difficult to know exactly because the older generation is usually very different than the young one and in my country they have the money,most young people don’t.
They need to create hype,good looking vehicle and also cheap ones nowadays it isn’t a high bar because cars are expensive and a lot of them are ugly
can the japanese economy survive without toyota ?
rhd, no doubt should help in Oz and here in the UK. Indeed Thailand made, should circumvent EUropean bans on China made surely? Or is that a ban on 'if it sounds Chinese'?
what else did you do in TH?
This is a nightmare, both to Japanese bean counters and Thai labors. Japanese ICE cars tend to have 10000 parts and 60-70% of parts are source locally. Chinese EVs in the other hand have around 1000-2000 parts if I remember correctly. I think Chinese cars use at least 70% of parts from China. You could see from this logic, how many Thai labors would lose their jobs.
@@cwfqayin Ev's can save Thai from spending on fuel and that saving can be spent in other ways that shift ICE related jobs to
Thailand has Sun so they will not need to import petrol. Despite cars being simpler this is the future and Thai has got factories now, thats amazing! Stop spread hate and propaganda!
@@havencat9337 I haven’t stated that EV is wrong, what I mean is that relying to much on the CHINESE is risky due to their business model. Changan has been interviewed recently that the cost of manufacturing in Thailand is around 30-80% compared to China. This is why they will import more parts compare to Japanese legacy makers. Just assemblies are not enough, we need around 70-80% of locally source parts if we want to see people keeping their jobs. EV might be the future, but we need to figure out what to do with less need for labor in the industry.
Cheers mate nothing new lol
Chinese ev manufacturing in Thailand is not so nice since China imports most of the parts and raw materials from China 😂
Thais are prone to believing the hype and marketing of pretty much anything and are easily conned into something new.
Tesla sales have gone down the drain already and before to long my prediction is that once all the new BYDs start running out of battery power which will no doubt happen.
At present Tesla in devaluing close to 50% over a couple of years and therefore have little or no resale value.
EVs will gradually fade away in my opinion.
Boycott all Chinese EV Makers and only buy Made in Japan EVs
if you don't want to die in it
Gullible
Do some research mate!
Another cia troll
BYD currently build cars with the safest battery technology. Chinese cars have evolved at lot in the last years. Don’t compare these with cheap electric scooters.
Only fools would