It’s abundantly clear that people want energy efficient electric cars that are actually affordable. And the Chinese manufacturers (BYD, Xpeng, MG, etc) are making it happen.
If i had a magic wand and i waved it, and every car on earth changed to all electric, guess what would happen?---Nothing, nobody would be going anywhere. Why? The world doesn't generate enough power to charge them all.
John, we generate more than enough electricity from our rooftop to power a home, my wood shop, heat and cool a greenhouse, and power a Chevy Bolt EV. We have enough panels to power a second EV, and charge even more batteries and we will do so as we can.
I was in London at London Bridge in August a couple of years ago and it was terrible! People who are against EVs clearly do not have to deal with large cities
Toyota STILL betting on hydrogen. Its just a joke now. California experiment is more than enough to proof its NOT working. There is a lawsuit pending. NOT Hydrogen cars in Japan itself.
Actually, its arrogance of the whole automaker, and mindset of japanese in general. No japanese car maker made much investment in EV, lack of investment from government. And general trust and high confidence of japanese people in their own culture, legacy, and own way of life. They just pretend they dont know anything outside of Japan. You see their position of not apologizing for past war history, and still worshipping the war criminals today, even among politician, says it all.
@@sneakymove Toyota runs the mafia, thats why all jap cars look the same. Toyota will rule the world with hydrogen...........because everyone knows they are right..........
I live in Thailand. Chinese EVs are everywhere. Nissan is on life support here, Chevrolet is done, Ford Ranger and everest are the only 2 fords i have seen here, and now they are heavily discounted. BYD is growing in popularity, and i will likely purchase a seal in mid 2025 when the new battery is released. Japanese cars here are mostly toyota and isuzu trucks. Charging stations are popping up everywhere. The bulk of americans purchase hilux or ford rangers. I am waiting to see how well the BYD shark sakes will do upon arrival here.
@@itisyouthatiadoreAiyo, big segments of the market come from below 100k. When miti removes the requirement or Proton brings in CKD EV, it will quickly eat the pie of the Japanese car manufacturers. If you look at the total sales, you may miss out the details. On similar segments and specs, the Chinese EVs are gaining market share
Here, in sunny Thailand, home solar systems are booming, not just for powering houses but also for charging EVs. For around $5,000, you can install a solar setup, and when paired with a Chinese EV like BYD, Neta, or Ora Good Cat, it costs the same or less than a Japanese car, and practically you’ll be running on free fuel.
Let’s break it down. Assuming OMV is $41,000 COE $103,010 ARF for BYD Seal $49,400 Customs excise $8,200 GST 9% $4,428 Total = $206,038 Government green incentive ($40,000) marketing cost, PDI, accessories, and G&A, let’s put it at $8,000 per car. Cost = 174,038 Anything more you pay will be the dealer’s profit margin.
Exactly. The cost of EVs will continue to fall due to advancing technologies and economies of scale. At the same time, the cost of ICE vehicles will rise as their market share declines. This marks the end of the ICE age.
EVs definitly will dominate the market like quartz watches, but only those fuel-efficient Japanese cars will be wiped out, while cool racing car will survive like those luxury Swiss watch.
Ive been in Thailand 11 years now. When I first moved here, you would be crazy to buy anything but a Toyota. Toyota owned the market, and commanded a premium price - That has changed very quickly. Both of my GF's brothers work for tier 2 automotive suppliers here. Speaking with them they are both worried about their jobs. They figure another 8-12 months before more plants start shutting down. Looking at Ford, last year a 1 year old Raptor v6 was selling for over 2 million baht. You look today, a 1 year old raptor is 1.6million or so Heck Great Wall Motors swallowed up the Chevy plant and started spiting out vehicles in record time. BYD has started production here, GIC Angan and Changwan are here now. Will be interesting to see what the market will look like in 5 years.
I live in Thailand and can see new Service Stations opening up almost every week. They usually have up to 20 pumps and 3 charging stations. On the other hand I can see Mazda Dealerships changing over to BYD.
Do you speak Thai ? Sawa dee, don’t really trust Chinese cars with the spying, even Japanese cars (world ear 2), but I do trust American and Europeans all about race, culture and history with me..,
Hi, Darwin. Your neighbour to the south. I live 15km from the biggest city. I have not seen a single new petrol station in the last 10 years. One has changed owners 3x. Five have closed, that I have been to. It's not because of EV though. I've seen a handful of EVs the last few months. But very few. Thailand probably has far more EVs. The last 5 years, no petrol station has been renovated. This is probably due to EVs though. Everybody is just waiting to see what happens. The pumps, buildings, etc has noticably get more worn, but everybody knows if you invest more money in renovation, if EVs comes in, you would lose everything.
At Thailand Motor Expo 2024, which ended on December 10th, BYD received 7042 orders, ranking second. The first place is Toyota, with 8297 vehicles. But you should know, BYD only entered the Thai market in November 2022, and it was loved by consumers in such a short time.
Toyota, Honda and Japan as a whole have failed miserably for not adopting Nissan & Carlos Ghosn's lead in BEVs well over a decade ago. Today, China has surpassed Japan in every BEV metric. Too little, too late. Arrogance has its pitfalls.
Nissan with its leaf and Toyota with its Prius were expected to be the forerunners of what ev,s would look like in future but they preferred to continue raking in the profits with their ice cars and thought that the Chinese would never be able to get ev engineering right.
I predicted China will ultimately dominate. Just didn't think that fast. The EV will make China the king. Japan will fall, n if they drop on electronics, phones n now cars, Japan will decline even faster.
When I was last in Thailand in Oct 2022 I was amazed at how many EVs I saw, I saw multiple GWM Ora EVs on the roads, even saw one in rural Thailand in the mountains near the Thai border near Hua Hin. In Bangkok I saw BYD e6 taxis that are an old design from 2009 and also lots of MGs everywhere. At the time I was seeing more EVs than I would on an average day in Melbourne. It makes sense, fuel is the same price as it is in Australia but their wages are much less so it's more of an issue with costs of ownership compared to places like Australia and USA.
True, I took a Grab ride on a BYD and was very impressed by the ride and fit & finish of the car. I forgot the model but it was just an entry level compact EV.
I am living in Singapore and Indonesia. I see many BYDs and other smaller Chnese EV cars appearing on the roads. Top ones are Atto 3, M6, Seal, Geely, Wuling Air EV, Wuling Coud EV, Chery Omoda, a few MGs and NETAs.
Toyota and Honda still have a presence in Thailand. But i noticed honda are starting to be seen less and less. Toyota have the truck/ute market with Ford close behind. When a decent EV truck comes along, toyota and ford will start to shrink in sales. EVs are everywhere now
Much the same as the us leadership of the big 3 in the usa. Millions of people will be effected world wide at the disruption of gas powered vehicles, and not for the better
This is what happened when they start charging outrageous prices for even basic cars like a Corolla or Civic.I remembered it was easy to get one of those budget cars for less than $16/17k.
The Viking never gives up to help the wife. It is so touching. I am battling prostate cancer so I hope in five years my results will be no more cancer. UCSF is my savior. Love them so much for treating me
It's over for Japan. Arrogance, complacency and corruption saturate their corporate and political arenas. RIP to Japan's global relevance. Being a US lapdog has its pitfalls.
There's oil and sparepart mafias in Japan. There's a lot of money involved with sparepart suppliers for ICE and hybrids. Some high ranking execs are also sparepart suppliers. That's where they're making big profit. The only brand making EV was Nissan because Carlos Ghosn forced them to make Leaf. Along the way, cutting of suppliers and middlemen, pissing them off as enemy. We all know what happened, they criminalize that Gaijin after
A brand new NEV for $30000. I was just there and no large EV infrastructure which is needed but so many EVs. I was is Central America six months ago it already started. We are in for a global shift and America is not ready. We are fighting over DEI and wokeness.
Have 2 EVs in Thailand Ora Good cat and MG SE EV. Love them both. Also have a Lion Electric motorbike. Love it. Love your channel too. If you could do a few videos on the embryonic electric motorbike market that would be great.
Thailand is relevant, because it used to be very poor but has had some success. It represents a realistic path forward for billions in the impoverished world, as opposed to the old-money countries that lecture them for not acting white enough while sitting on fortunes extracted thru imperialism and slavery. Small agrarian countries with no oil cannot follow an American development path.
EV's in Thailand and Malaysia are tax exempted until end 2025. Hence it's able to compete in price with heavily taxed Japanese ICE cars. What is interesting is, certain Chinese ICE vehicles are already outselling Japanese ones in Malaysia. Pollution in bangkok are caused by burning of paddy fields after harvesting.
you mean pollution in chiang rai and the north caused by that. its not as much a factor in bangkok. but yes some of it. there are also something like 10 million cars or a very very high number way too many in bangkok and super corruption that makes any small thing like you car or truck failing the exhaust test passable. if you would have looked but you didnt there are very many vechilces on the road thick black clouds of smoke coming off of them and ask why allowed? cause of corruption that is why did you forget about the bus that run on propane that expldoed killed 30 students mostly. was 100% illegally converted and the goverment inspectors paid 4000 baht each year to ok it.
Heavily taxed Japanese ICE? What are you talking about There are entire cities in Thailand dedicated to Japanese ICE localized production they are not heavily taxed.
Maybe if you state facts, you will have better credibility. Japanese and other makes of EV enjoy the same tax benefits, not just Chinese. For Ice cars, Chinese Ice cars are subjected to same tarrifs as everyone else. You write as if Chinese cars get special exemptions, so can compete. So sickening to see a Mslay name spewing the same Western bias and nonsense.
You are correct that we need more EV brands in Indonesia. We have BYD, Geely, Wuling, MG, and Aion, but not yet Xpeng, Zeekr, etc. And in Indonesia particularly, we care about after-sales and resale value, so the challenge for these Chinese manufacturers is to prove that they can provide good after-sales in at least big cities (which are spread across the big islands which require good logistics planning) and somehow provide innovative mechanisms to alleviate some concerns about resale value.
Not yet in the Philippines apparently. Most people here still worship the brand Toyota and EV chargers are so few and far between outside of Metro Manila. There is also bias against Chinese car brands that's outdated but people aren't keen on updating their perspective.
The only market Japan can still dominate is the diesel pickup truck. Yet the diesel pickup truck market is shrinking because financial institutions have slowed down lending dramatically. BYD Shark 6 and other Chinese electric trucks waiting on the sideline until the dust settled.
In Bangkok recently, I noticed quite a lot of EVs by Neta which seem to be made by Hozon. A Chinese brand we haven't seen in Europe, possibly made in Thailand.
If not for geopilitics and some sort stigma, Chinese should be doing much better in the Philippines too..But still BYD is already starting to make some disruption..
Good article to mention these long emerging markets. That hipster you had on recently about finger pointing in BYD's error in having too many models is pretty much answered here.
They do... they are hiding the fact they are losing money on EV... pricing to the bottom but they have unlimited government money to play with. Putting Western companies from competing in many of the markets. That is the game plan.
Like Japan trounced the British car & motorcycle company's in the 60s & 70s. Now Chinese are trouncing the world by making massive Investment on new technology not living on there morals like Japan & the British still stuck in the groove turning out the same old crap year after year. British company's suffered no input of investment into future technology & research just share holders taking the profit and putting nothing back in.
@@alunjones4427many don’t make profit. Most are running significant losses. There will be way less Chinese Automakers within another decade. Same for Legacy automakers.
I live in Thailand and we have been loving at a new car. We took out the BYD Sealion 6 HEV. And it’s amazing to drive. And only B1.1M (AUD$50k) Now Toyota have brought out a sports SUV. Toyota Crown Sport, similar to the Sealion 6? But it’s cost is B3.3m (AUD$151k) And in my opinion only. The BYD outclasses the Toyota in every way. Style, fitment, luxury, drivability, spec. And most of all price.
I hired a BYD ATTO 3 for a long weekend to go to a Nieces wedding and I have to say, it was a great car to drive, it had more than enough range considering the Road Safety COmmission recommends stopping every two hours, I could go well over four hours non stop with the ATTO3 and was more than ready for a nice lunch and Cappuccino and by the time the three of us had finished our lunch and went back to the car, it was charged, who cares it may have took half an hour or more as we were not in a rush and not animals that need to eat and walk or drive at the same time. I have never needed to refuel like a Formula one racer, and considering I could just use a normal power point any where in Australia to charge the car, I couldn't understand the morons that wank on about range with an EV, over 90% of people barley do 50K a day and if they do go for a week end away it's normally well under 400K one way and sure if your a salesman that requires the ability to refuel in five minutes flat and be back on the road racing to the next farm or store to ply your sales skills, then at present an EV may not be a choice for you, no big deal, I am sure in the next couple of years they will have EV's that can do way more than any Petrol beast has ever been capable of and be able to recharge in under 10 minutes. The funny thing is that people today are so spoilt they don't realise that a Model T got about 120 to 180 miles on a ten gallon tank of fuel, all depending on road conditions as roads were almost non existent back then, mostly dirt tracks, unless in the city areas. Also Gas stations weren't on every second corner like today and was way more difficult for a car owner back then, than it is for any EV owner of today. Things change as technology advances and if anyone believes we will still be driving a Fossil fuel vehicle in the 30's by choice, you are really dreaming.
The writing has been on the wall for sometime and the Japanese just cannot see it. EVs are going to get cheaper and cheaper as particularly the cost of batteries drop and production scales up. EVs are going to become better and better over the next few years. It’s going to be compelling
Past 20 years we realized Japanese cars never improve their technology. Every new model was the same as the previous model with different body panels and shapes.
The Philippines has 100 million people and could also be a big market as well, BYD and other EVs are now showing up in numbers, and I regret having bought my Toyota Raize a year ago.... I want an ATTO-3 ....
Thank you so much for sharing your knowledge and experience. It has been incredibly valuable to me. I look forward to the opportunity to learn more from you in the future.
Wait till the BYD Shark will be launched in Thailand. Then the profit generating vehicle of Toyota & Isuzu will go down enormously. Rightfully as they did screw customers with crazy high prices and ongoingly dodging emission improvements. Hilux cleaner engine available in Europe but NOT in Thailand. Reason: lesser profit for them. A shame and my next car will be Chinese
It's not just the Japanese makers but also the legacy automakers. I live in Canada and I question the tariffs on Chinese automakers to protect our auto makers when they are not developing electric vehicles. As the Chinese take over the world EV markets the North American automakers will be left behind and will face bankruptcy. Should we bail out these industrial dinosaurs?
The key to Japan automotive industry for so long to keet ahead of competition : reliable. But nowadays not many people want that anymore and many Japanese cars are unbearably boring with very poor features, if consumers have options to choose they will switch in no time. That's when the Chinese came offering them the option they wanted. For China the key seems to be : handsome looking cars, futuristic, rich in features, and affordable.
Chinese manufacturers are simple lowkey folks who saw a need becoming a want. So they just work hard and smart to meet the demands. They are just being humble good guys of the world, just like their forebears 5000 years ago.
Living in Thailand with all the new Chinese Electric cars entering the market, it is hard to understand why anyone would buy an ICE car. In every segment except for maybe the large SUV (Toyota Fortuner) segment and pick-up single and extended cab segment there is an EV for a comparable or cheaper price than a similar ICE model. Even the 4 door pick-up market has the Geely Riddara now for the equivalent of $41,400 Australian to just under $60,000 for all wheel drive and acceleration of 0-100 in 4.5 seconds. You can buy a Neta V that compares to the Toyota Yarris for under $21,000 Australian. My friend has a CRV that he wanted to replace with a new one. The cheapest CRV was just over $64,000 Australian, the top of the line was $78,000 Australian. He bought a top of the line all electric BYD Sealion7 all wheel drive for $57,500 Australian. The Japanese just can't compete with the Chinese cars, the Americans, other than for Ford, and the Europeans, other than for BMW and Mercedes, don't even try.
Hi Viking, check out the scene in the Arabian Gulf countries. In Dubai alone there are 40,000 EV's and the local utility provider has installed 800 chargers. Brands like Tesla, BYD, MG and Xpieng arre taking over. Sincerely hope your wife gets well.
SEA market is unique. Only Singapore and Malaysia presents mature Europe/North America-like car market pattern with local quirks. Thailand is mid-income trapped, Indonesia and Philippines is poor low income and seemingly never grow, while Vietnam is poor but very aspirant. The rest can be safely ignored (e.g. Brunei - despite being high income). Japanese makes just simply commits and fight for their pie. They are accompanied by European, mainly the Germans who established their presence mainly based on brand recognition - they dominate the luxury market. Americans are basically forgetable, lack of commitment and inability to follow through, basically Katy Perry's "Hot and Cold". South Koreans are also serious, they want to be the next Japan and they did it by not only undercutting, but also offering better tech and value. But they quickly cashed in and view themselves as part of the establishment too soon. The most disappointing aspect of our car market is how quickly G7 imperialist market players settled down after trying so hard to compete, and become part of the industry cartel. The biggest impact from Chinese car is indeed Thailand and Indonesia, but surprisingly Malaysia (Geely owns Proton) and Singapore too. Singapore was said to be swamped by a lot of high end Chinese EV brands. The biggest move is probably when Hyundai dumped money here and put their blades on Japanese's throat. It forced Japan car makers to improve their Indonesian model standards - active safety systems, ABS EBD become standard equipment, including airbags in lowest trim (yes, Japanese were that awful), and most importantly, car infotainment systems. Turns out people wanted more than just vast dealer network for easier maintenance access and fake resale value. But unfortunately for the Korean and inadvertently, the Japanese, the Chinese entered the game like a wrecking ball. The Ioniq 5 was once 800ish million IDR, lauded and quite dominated our EV scene. It is locally made in West Java. But today, after the Chinese wrecked the market, it gets a massive 20% discount. For the first time since 1998 financial crisis, I witness a new 2025 model actually went down in price or stayed the same with plenty of upgrades - we have several Japanese hybrid models that is under 500 million IDR. Back then, Prius used to be "luxury car" for Indonesians. For long, they have been profitting too much and complacent.
This is an ignorant and outdated characterization of Asean countries. That's why I will never trust Western judgements of these countries. Go out and stay in each of these countries for a month each.
Bejing China also used to obscene amounts of air pollution in the city until they started making it extremely expensive to renew license plates every year. China made much cheaper to own eVs. Several years later air pollution is reduced!
Looking purely at policy, Shanghai would be a better example and air quality there is comparable to major cities in Canada and the US now. Beijing suffers from severe desert storms so the numbers are skewed.
There's oil and sparepart mafias in Japan. There's a lot of money involved with sparepart suppliers for ICE and hybrids. Some high ranking execs are also sparepart suppliers. That's where they're making big profit. The only brand making EV was Nissan because Carlos Ghosn forced them to make Leaf. Along the way, cutting of suppliers and middlemen, pissing them off as enemy. We all know what happened, they criminalize that Gaijin after
Japan sells their below average cars so expensive in South-East Asia.. with the same money you could get BMW, Audi or Merc in Europe. And they sell the cars with an abysmal infotainment system, it's so sad to see the interior of Toyota's in South East Asia.. it's like comparing iPhone 16 pro max to an old Nokia phone from early 2000's
@@amandagrant4331 what you don't understand in Malaysia is Lexus portrays itself as a stand alone brand and is sold at a premium price that's why they don't share showrooms with Toyota till now.
When you're product costs almost twice as much as your competition, regular folks that are on a budget don't care about the brand. Why would I buy a car that will last 10 years if i can buy one that i can afford to replace after 5 years with a newer model and not have to worry about maintenance
It is not accurate that German car makers ignored the Singapore market. In fact, before the arrival of BYD, BMW and Mercedes Benz together with Toyota were the top 3 brands with similar market shares. However, in 2024, BYD has taken the market leadership with about 1/3 or all new car sales, at the expense of all brands with the exception of Tesla and some super expensive cars brands.
Yep, pretty soon we will see most of the south east asian countries using Chinese EVs on their roads, especially in these 5 countries, Thailand, Malaysia, Indonesia, Singapore and Vietnam. Japanese combustion engine and Hybrid vehicles from Toyota, Honda, Nissan, Mazda, Subaru will be phase out in these countries within the next 10 to 15 years.
Legacy automakers are mostly from northern cold and dry snowy countries, they don't have the feel of how people tolerate air pollution in hot and humid cities in the south....that is why ..they are falling behind.....
People here in Indonesia are starting to realize that Chinese are actually of good quality or even superior to Japanese car but still though, a lot of people with cognitive dissonance trying to defend plastic interior underpowered tin can box as quality products.
I like your content but just thought it worth pointing out that having lived in Indonesia for over a decade, Nissan were never a major player and it was extremely rare spotting one of their cars on the streets.
Excellent video. I'm no EV fan but the immediate future is what it will be. I live in Thailand and pollution is serious issue here, Malaysia and Indo. Hats off to China, they rolled the dice on EV commitment and now the west is panicking and disrupting China imports to save their car brands that didnt or couldnt invest in the future.
Well sorry to hear about your loved ones illness, but have you tried asking chinese doctors about her condition? As far as i know, they have a lot more data due to higher population, and treatments could have immense help
The problem with cancer is that it is very heterogenous. For many mutations we still lack working treatments and often we don't even know what mutations are present in a tumor. Some cells have mutation A while others have B and others have C.
To most SEAsians, vehicles are meant to move from point A to B and back. From main wage earners, to move from home-works- home while for home maker's from home-school -market-home. Believe you me, SEAsians prefer to shop daily for their kitchen need, despite most home have refrigeration. Under such circumstances, SEAsians need two moving around vehicles at the cheapest and reliable but wouldn't hurt their pockets.
Problem with Japanese,Korean and European manufacturers they still doesnt want to reduce their price although the quality isn't the same as they are used to be.
It’s abundantly clear that people want energy efficient electric cars that are actually affordable. And the Chinese manufacturers (BYD, Xpeng, MG, etc) are making it happen.
If i had a magic wand and i waved it, and every car on earth changed to all electric, guess what would happen?---Nothing,
nobody would be going anywhere. Why? The world doesn't generate enough power to charge them all.
Also the affordability is turning used car buyers into new car buyers. At 30k or less the market is huge and yet to be tapped.
@@johnday6392thats why we plan and the investment is huge.. But you keep on with the magic??
John, we generate more than enough electricity from our rooftop to power a home, my wood shop, heat and cool a greenhouse, and power a Chevy Bolt EV. We have enough panels to power a second EV, and charge even more batteries and we will do so as we can.
@@johnday6392 People can have their own power grid for an EV. Last time I checked anyone can't buy a personal gas station
I wish the Best for You, Your Wife and All Your Family!
Test
I was in Bangkok 18 months ago and I could barely breathe, the pollution was so bad. I'm so happy to see EVs coming to Thailand!
I was in London at London Bridge in August a couple of years ago and it was terrible! People who are against EVs clearly do not have to deal with large cities
The arrogance of Toyota's chairman said it all.
Toyota STILL betting on hydrogen.
Its just a joke now.
California experiment is more than enough to proof its NOT working.
There is a lawsuit pending.
NOT Hydrogen cars in Japan itself.
Actually, its arrogance of the whole automaker, and mindset of japanese in general. No japanese car maker made much investment in EV, lack of investment from government. And general trust and high confidence of japanese people in their own culture, legacy, and own way of life. They just pretend they dont know anything outside of Japan. You see their position of not apologizing for past war history, and still worshipping the war criminals today, even among politician, says it all.
I dont think it is the issue of arrogance, it is ignorance.
The Japanese CEO was amazingly stubborn. 😂😂
@@sneakymove Toyota runs the mafia, thats why all jap cars look the same. Toyota will rule the world with hydrogen...........because everyone knows they are right..........
I hope and pray that your wife gets better
I agree…too many gasoline fumes emitted in ICE.
All the best for your wife and the family mate. Keep up the great work.
I live in Thailand. Chinese EVs are everywhere. Nissan is on life support here, Chevrolet is done, Ford Ranger and everest are the only 2 fords i have seen here, and now they are heavily discounted. BYD is growing in popularity, and i will likely purchase a seal in mid 2025 when the new battery is released. Japanese cars here are mostly toyota and isuzu trucks. Charging stations are popping up everywhere. The bulk of americans purchase hilux or ford rangers. I am waiting to see how well the BYD shark sakes will do upon arrival here.
I have a Toyota in Indonesia, and now am looking to buy a BYD M6
Your reporting is spot on. Yes! This is happening in south east Asia. From Malaysia.
Lol ev is less than 5% of total sales in Malaysia. Top 3 best selling are all Japanese jv company
@@itisyouthatiadoreAiyo, big segments of the market come from below 100k. When miti removes the requirement or Proton brings in CKD EV, it will quickly eat the pie of the Japanese car manufacturers. If you look at the total sales, you may miss out the details. On similar segments and specs, the Chinese EVs are gaining market share
Here, in sunny Thailand, home solar systems are booming, not just for powering houses but also for charging EVs. For around $5,000, you can install a solar setup, and when paired with a Chinese EV like BYD, Neta, or Ora Good Cat, it costs the same or less than a Japanese car, and practically you’ll be running on free fuel.
With recent price reductions in Thailand the BYD Seal now starts at equivalent $30,000 USD.
WTF!!!!!!!!!! We, in Singapore, bought the BYD Seal for S$200,000.
@rogerfaint499 Singapore tax and COE Certificate of Entitlement makes cars there crazy expensive!!! Ouch,!!!
Let’s break it down. Assuming OMV is $41,000
COE $103,010
ARF for BYD Seal $49,400
Customs excise $8,200
GST 9% $4,428
Total = $206,038
Government green incentive ($40,000)
marketing cost, PDI, accessories, and G&A, let’s put it at $8,000 per car.
Cost = 174,038
Anything more you pay will be the dealer’s profit margin.
@@petrushka2 👍 nice work and summary! 🤑
@@petrushka2if you guys are talking SGD, those are 1 SGD to 0.74 US$.
So that's around $153,000! Is that correct?
Let's go, cheap EVs for everyone!
Japan’s auto mafia decided they didn’t want to make EVs…now they have ruined their auto industry
It’s unbelievable that the Japanese still think Hydrogen fuel cell cars are the future when there has been more than a decade of failure
They committed to hydrogen, and are stuck in the ditch, unable to admit that they can't get hydrogen to work.
another kodak
@@danielch6662 They are committed to hydrogen, and now they need oxygen. Well, they just committed hydrokiri.
@@PhiloSurfer this needs to be top comment
I am Thai , hope your wife getting better soon. btw Sriphat Medical Center in Chiang Mai has good doctors in term of curing cancer.
Exactly. The cost of EVs will continue to fall due to advancing technologies and economies of scale.
At the same time, the cost of ICE vehicles will rise as their market share declines.
This marks the end of the ICE age.
hehe the sencond ice age ending
EVs definitly will dominate the market like quartz watches, but only those fuel-efficient Japanese cars will be wiped out, while cool racing car will survive like those luxury Swiss watch.
@@SunnySGG porche will never make an EV because the acceleration of EVs are terrible ... 🙄😁
It does make a hybrid and sold in Thailand at 3 times the price due to 200 % import duty. c@danielch6662
Chinese cars are cheap due to being subsidised and low tax / duties.
Ive been in Thailand 11 years now. When I first moved here, you would be crazy to buy anything but a Toyota. Toyota owned the market, and commanded a premium price - That has changed very quickly. Both of my GF's brothers work for tier 2 automotive suppliers here. Speaking with them they are both worried about their jobs. They figure another 8-12 months before more plants start shutting down.
Looking at Ford, last year a 1 year old Raptor v6 was selling for over 2 million baht. You look today, a 1 year old raptor is 1.6million or so
Heck Great Wall Motors swallowed up the Chevy plant and started spiting out vehicles in record time. BYD has started production here, GIC Angan and Changwan are here now.
Will be interesting to see what the market will look like in 5 years.
I live in Thailand and can see new Service Stations opening up almost every week. They usually have up to 20 pumps and 3 charging stations. On the other hand I can see Mazda Dealerships changing over to BYD.
Do you speak Thai ? Sawa dee, don’t really trust Chinese cars with the spying, even Japanese cars (world ear 2), but I do trust American and Europeans all about race, culture and history with me..,
Hi, Darwin. Your neighbour to the south. I live 15km from the biggest city. I have not seen a single new petrol station in the last 10 years. One has changed owners 3x. Five have closed, that I have been to.
It's not because of EV though. I've seen a handful of EVs the last few months. But very few. Thailand probably has far more EVs.
The last 5 years, no petrol station has been renovated. This is probably due to EVs though. Everybody is just waiting to see what happens. The pumps, buildings, etc has noticably get more worn, but everybody knows if you invest more money in renovation, if EVs comes in, you would lose everything.
At Thailand Motor Expo 2024, which ended on December 10th, BYD received 7042 orders, ranking second. The first place is Toyota, with 8297 vehicles.
But you should know, BYD only entered the Thai market in November 2022, and it was loved by consumers in such a short time.
@@robbiesheppard3280 lol do you know who Edward Snowden is? 😂
Chinese are amateurs at spying - it's not them you have to worry abt lol
@@amandagrant4331that's probably a 30%+ drop for Toyota coming in 2025 vs 2023
And for other Japanese brands could be more than that
Toyota, Honda and Japan as a whole have failed miserably for not adopting Nissan & Carlos Ghosn's lead in BEVs well over a decade ago. Today, China has surpassed Japan in every BEV metric. Too little, too late. Arrogance has its pitfalls.
And what happened afterward? They criminalize that gaijin
@lucky889s9 A great example of Japanese government (executive, judicial) and corporate collusion and corruption.
Nissan with its leaf and Toyota with its Prius were expected to be the forerunners of what ev,s would look like in future but they preferred to continue raking in the profits with their ice cars and thought that the Chinese would never be able to get ev engineering right.
Toyota CEO saying few people want EVs is like a Kodak CEO saying film sales are here to stay in the year 2000.
Fools. And imagine their arrogance. They will fall hard. N fast
I predicted China will ultimately dominate. Just didn't think that fast. The EV will make China the king. Japan will fall, n if they drop on electronics, phones n now cars, Japan will decline even
faster.
I sometimes don't agree with you but enjoy your content on the whole. Sorry to hear for your troubles. Best wishes for your wife and family.
Thanks! WIsh you and family all the best!
A new Toyota Prius in Japan costs €17.000,- That same car costs in The Netherlands €45.000,-
Here in Sri Lanka, the new Prius costs 79,000 USD.
When I was last in Thailand in Oct 2022 I was amazed at how many EVs I saw, I saw multiple GWM Ora EVs on the roads, even saw one in rural Thailand in the mountains near the Thai border near Hua Hin. In Bangkok I saw BYD e6 taxis that are an old design from 2009 and also lots of MGs everywhere. At the time I was seeing more EVs than I would on an average day in Melbourne. It makes sense, fuel is the same price as it is in Australia but their wages are much less so it's more of an issue with costs of ownership compared to places like Australia and USA.
True, I took a Grab ride on a BYD and was very impressed by the ride and fit & finish of the car. I forgot the model but it was just an entry level compact EV.
Dude . . . Hopes and Prayers for the Wife !!
My wife passed away four years ago from her second cancer. Please know that she clearly loved you and your kids. So sorry to hear about this.
Here here 😊😊
Being Asian indeed the emergence of EV's is a godsend for pollution issues
Saw a lot of those Aion taxis when in Thailand. Lots of MG and BYD's in personal ownership too.
I have taken BYD taxi in Bangkok
What were Nokia, Motorola and Ericcson executives' responses when Apple released the iphone?
Yeah, same deal. 👍
@@FutureSystem738Yes, the respond from Western Media is entirely different.
I am living in Singapore and Indonesia. I see many BYDs and other smaller Chnese EV cars appearing on the roads. Top ones are Atto 3, M6, Seal, Geely, Wuling Air EV, Wuling Coud EV, Chery Omoda, a few MGs and NETAs.
You are seeing exactly what Carl Zha is reporting in Indonesia.
Toyota and Honda still have a presence in Thailand. But i noticed honda are starting to be seen less and less. Toyota have the truck/ute market with Ford close behind. When a decent EV truck comes along, toyota and ford will start to shrink in sales. EVs are everywhere now
Amazing how bad Japanese automaker leadership is.
Much the same as the us leadership of the big 3 in the usa. Millions of people will be effected world wide at the disruption of gas powered vehicles, and not for the better
'big' 3 in USA already being smashed by USAs own disruptor, Tesla.
Definitely for the better.
This is what happened when they start charging outrageous prices for even basic cars like a Corolla or Civic.I remembered it was easy to get one of those budget cars for less than $16/17k.
The Viking never gives up to help the wife. It is so touching. I am battling prostate cancer so I hope in five years my results will be no more cancer. UCSF is my savior. Love them so much for treating me
We’ve had our Atto3 for just over two months. I wigged when I realised we had already saved more than $500AUD on U92 petrol.
It's over for Japan. Arrogance, complacency and corruption saturate their corporate and political arenas. RIP to Japan's global relevance. Being a US lapdog has its pitfalls.
South Korea has done just fine with EVs and Batteries. Clearly that’s not the problem.
And you are the Lap Dog of China , Richard.
@DavidC-pg6ni not for long.
There's oil and sparepart mafias in Japan. There's a lot of money involved with sparepart suppliers for ICE and hybrids. Some high ranking execs are also sparepart suppliers. That's where they're making big profit.
The only brand making EV was Nissan because Carlos Ghosn forced them to make Leaf. Along the way, cutting of suppliers and middlemen, pissing them off as enemy. We all know what happened, they criminalize that Gaijin after
Absolutely agree. Big respect to their mechanical engineering; no cars and bikes can cop the thrashing and keep working reliably as Jap machines 😎💪🏻
RCEP mean there is low to no tariff. furthermore southeast asia country are very supportive of EV as they want to become EV service and assembly hub.
Thai government has a long-term policy of supporting EV, and recently it has increased incentives for PHEV.
Wow, that's impressive, thank you for the news, I am so thankful for the information
A brand new NEV for $30000. I was just there and no large EV infrastructure which is needed but so many EVs. I was is Central America six months ago it already started. We are in for a global shift and America is not ready. We are fighting over DEI and wokeness.
US propaganda just few months ago were saying that the EV market is slowing. lol
@@zackwang9314 propaganda will only go so far. The disruption is far superior than any ideology or myth the media portrays
Have 2 EVs in Thailand Ora Good cat and MG SE EV. Love them both. Also have a Lion Electric motorbike. Love it. Love your channel too. If you could do a few videos on the embryonic electric motorbike market that would be great.
Japan, Germany, the USA etc....... all in denial that their auto industries are cooked. Personally, I am looking forward to my new Geely Coolray.
Tesla is in both China and Germany, in addition to the US. Legacy Automakers are who you’re describing.
That Chinese land rover looks to be one of the best trucks. All 4 wheels turn no longer requires 40 acres to park a truck
Haha this is a joke car
@@Ken-qk1jj Lol, so says the 'joker.'
Thailand is relevant, because it used to be very poor but has had some success. It represents a realistic path forward for billions in the impoverished world, as opposed to the old-money countries that lecture them for not acting white enough while sitting on fortunes extracted thru imperialism and slavery. Small agrarian countries with no oil cannot follow an American development path.
EV's in Thailand and Malaysia are tax exempted until end 2025. Hence it's able to compete in price with heavily taxed Japanese ICE cars.
What is interesting is, certain Chinese ICE vehicles are already outselling Japanese ones in Malaysia.
Pollution in bangkok are caused by burning of paddy fields after harvesting.
shocked to see how fast Jaecoo ICE is selling in Malaysia.
you mean pollution in chiang rai and the north caused by that. its not as much a factor in bangkok. but yes some of it.
there are also something like 10 million cars or a very very high number way too many in bangkok and super corruption that makes any small thing like you car or truck failing the exhaust test passable. if you would have looked but you didnt there are very many vechilces on the road thick black clouds of smoke coming off of them and ask why allowed? cause of corruption that is why
did you forget about the bus that run on propane that expldoed killed 30 students mostly. was 100% illegally converted and the goverment inspectors paid 4000 baht each year to ok it.
Heavily taxed Japanese ICE? What are you talking about
There are entire cities in Thailand dedicated to Japanese ICE localized production they are not heavily taxed.
Maybe if you state facts, you will have better credibility. Japanese and other makes of EV enjoy the same tax benefits, not just Chinese. For Ice cars, Chinese Ice cars are subjected to same tarrifs as everyone else. You write as if Chinese cars get special exemptions, so can compete. So sickening to see a Mslay name spewing the same Western bias and nonsense.
You are correct that we need more EV brands in Indonesia. We have BYD, Geely, Wuling, MG, and Aion, but not yet Xpeng, Zeekr, etc. And in Indonesia particularly, we care about after-sales and resale value, so the challenge for these Chinese manufacturers is to prove that they can provide good after-sales in at least big cities (which are spread across the big islands which require good logistics planning) and somehow provide innovative mechanisms to alleviate some concerns about resale value.
semakin bertambah populasi dan bukti kualitas maka semakin tinggi resale valuenya.
Not yet in the Philippines apparently. Most people here still worship the brand Toyota and EV chargers are so few and far between outside of Metro Manila. There is also bias against Chinese car brands that's outdated but people aren't keen on updating their perspective.
The only market Japan can still dominate is the diesel pickup truck. Yet the diesel pickup truck market is shrinking because financial institutions have slowed down lending dramatically. BYD Shark 6 and other Chinese electric trucks waiting on the sideline until the dust settled.
In Bangkok recently, I noticed quite a lot of EVs by Neta which seem to be made by Hozon. A Chinese brand we haven't seen in Europe, possibly made in Thailand.
Neta is a Chinese brand and has a factory in Bangkok (put into production in 2023).
If not for geopilitics and some sort stigma, Chinese should be doing much better in the Philippines too..But still BYD is already starting to make some disruption..
Our perceptions of Toyota are collapsing anyway. Toyota hybrid cars and that horrible Yaris Cross shows Toyota doesn't know what they are doing
@@JABelms i see a lot of Yaris cross on the roads but didnt know they are horrible cars..
Same applies for VW & Co.... they are still in a state of denial thinking that imposing punitive tariffs on Chinese Evs will save their butt. ....😂😂
Back in the day, the GTI was the hot, relatively affordable car. The German and Japanese and American car manufacturers stopped evolving in 2000.
Good article to mention these long emerging markets. That hipster you had on recently about finger pointing in BYD's error in having too many models is pretty much answered here.
They do... they are hiding the fact they are losing money on EV... pricing to the bottom but they have unlimited government money to play with. Putting Western companies from competing in many of the markets. That is the game plan.
Like Japan trounced the British car & motorcycle company's in the 60s & 70s. Now Chinese are trouncing the world by making massive Investment on new technology not living on there morals like Japan & the British still stuck in the groove turning out the same old crap year after year. British company's suffered no input of investment into future technology & research just share holders taking the profit and putting nothing back in.
P/s from what I can gather from the internet most company's in china puts back in 70% of income/ profit back into research and development.
@@alunjones4427many don’t make profit. Most are running significant losses.
There will be way less Chinese Automakers within another decade. Same for Legacy automakers.
Great analysis
I live in Thailand and we have been loving at a new car. We took out the BYD Sealion 6 HEV. And it’s amazing to drive. And only B1.1M (AUD$50k)
Now Toyota have brought out a sports SUV. Toyota Crown Sport, similar to the Sealion 6? But it’s cost is B3.3m (AUD$151k)
And in my opinion only. The BYD outclasses the Toyota in every way. Style, fitment, luxury, drivability, spec. And most of all price.
Japan did this to themselves! They lit the fire for alternatively-powered cars with the Prius, and then dropped the ball.
Before the prius there was the Ev1 and electric rav4, then they dropped the ball and made the Prius, a half attempt at an eco car, not much of a lead.
I hired a BYD ATTO 3 for a long weekend to go to a Nieces wedding and I have to say, it was a great car to drive, it had more than enough range considering the Road Safety COmmission recommends stopping every two hours, I could go well over four hours non stop with the ATTO3 and was more than ready for a nice lunch and Cappuccino and by the time the three of us had finished our lunch and went back to the car, it was charged, who cares it may have took half an hour or more as we were not in a rush and not animals that need to eat and walk or drive at the same time.
I have never needed to refuel like a Formula one racer, and considering I could just use a normal power point any where in Australia to charge the car, I couldn't understand the morons that wank on about range with an EV, over 90% of people barley do 50K a day and if they do go for a week end away it's normally well under 400K one way and sure if your a salesman that requires the ability to refuel in five minutes flat and be back on the road racing to the next farm or store to ply your sales skills, then at present an EV may not be a choice for you, no big deal, I am sure in the next couple of years they will have EV's that can do way more than any Petrol beast has ever been capable of and be able to recharge in under 10 minutes.
The funny thing is that people today are so spoilt they don't realise that a Model T got about 120 to 180 miles on a ten gallon tank of fuel, all depending on road conditions as roads were almost non existent back then, mostly dirt tracks, unless in the city areas.
Also Gas stations weren't on every second corner like today and was way more difficult for a car owner back then, than it is for any EV owner of today.
Things change as technology advances and if anyone believes we will still be driving a Fossil fuel vehicle in the 30's by choice, you are really dreaming.
The writing has been on the wall for sometime and the Japanese just cannot see it. EVs are going to get cheaper and cheaper as particularly the cost of batteries drop and production scales up. EVs are going to become better and better over the next few years. It’s going to be compelling
Thailand has avg 12c kwh, vs $5 per gallon fuel, so ideal setup to go electric as fuel costs are significantly less than half
You've been blessed with extra time 🎉🎉 keep using it well. Don't over work please. 😊
Past 20 years we realized Japanese cars never improve their technology. Every new model was the same as the previous model with different body panels and shapes.
and jacked prices
In Thailand, EV vehicles are gaining market share.
As One BYD buyer said - I thought I bought a car; but now I realize I bought a phone.
The Philippines has 100 million people and could also be a big market as well,
BYD and other EVs are now showing up in numbers, and I regret having bought my Toyota Raize a year ago....
I want an ATTO-3 ....
Thank you so much for sharing your knowledge and experience. It has been incredibly valuable to me. I look forward to the opportunity to learn more from you in the future.
Wait till the BYD Shark will be launched in Thailand. Then the profit generating vehicle of Toyota & Isuzu will go down enormously.
Rightfully as they did screw customers with crazy high prices and ongoingly dodging emission improvements. Hilux cleaner engine available in Europe but NOT in Thailand. Reason: lesser profit for them.
A shame and my next car will be Chinese
Now the heat waves have become regular occurrence in Southeast Asia. Talking about over 40C degrees. Switching to EVs becoming necessity.
What Thailand could also really use is a lot of electric scooters. So many scooters in Thailand.
It's not just the Japanese makers but also the legacy automakers. I live in Canada and I question the tariffs on Chinese automakers to protect our auto makers when they are not developing electric vehicles. As the Chinese take over the world EV markets the North American automakers will be left behind and will face bankruptcy. Should we bail out these industrial dinosaurs?
At the same time, they say "Save the Planet" while protecting the manufacturing of oil-consuming dinosaurs.
thats the issue, the OEMs are determined to destroy their businesses. They are only interested in protecting their margins instead of thinking ahead.
@@andyfreeze4072 The interests of shareholders today outweigh everything else, even survival tomorrow.
The key to Japan automotive industry for so long to keet ahead of competition : reliable.
But nowadays not many people want that anymore and many Japanese cars are unbearably boring with very poor features, if consumers have options to choose they will switch in no time.
That's when the Chinese came offering them the option they wanted.
For China the key seems to be : handsome looking cars, futuristic, rich in features, and affordable.
Chinese manufacturers are simple lowkey folks who saw a need becoming a want. So they just work hard and smart to meet the demands. They are just being humble good guys of the world, just like their forebears 5000 years ago.
Living in Thailand with all the new Chinese Electric cars entering the market, it is hard to understand why anyone would buy an ICE car. In every segment except for maybe the large SUV (Toyota Fortuner) segment and pick-up single and extended cab segment there is an EV for a comparable or cheaper price than a similar ICE model. Even the 4 door pick-up market has the Geely Riddara now for the equivalent of $41,400 Australian to just under $60,000 for all wheel drive and acceleration of 0-100 in 4.5 seconds. You can buy a Neta V that compares to the Toyota Yarris for under $21,000 Australian. My friend has a CRV that he wanted to replace with a new one. The cheapest CRV was just over $64,000 Australian, the top of the line was $78,000 Australian. He bought a top of the line all electric BYD Sealion7 all wheel drive for $57,500 Australian. The Japanese just can't compete with the Chinese cars, the Americans, other than for Ford, and the Europeans, other than for BMW and Mercedes, don't even try.
Hi Viking, check out the scene in the Arabian Gulf countries. In Dubai alone there are 40,000 EV's and the local utility provider has installed 800 chargers. Brands like Tesla, BYD, MG and Xpieng arre taking over. Sincerely hope your wife gets well.
Thanks
There is a market for horse drawn buggies but it isn't a large one.
In ASEAN, bullock carts builders used to complain the cars are stealing their market!
SEA market is unique. Only Singapore and Malaysia presents mature Europe/North America-like car market pattern with local quirks.
Thailand is mid-income trapped, Indonesia and Philippines is poor low income and seemingly never grow, while Vietnam is poor but very aspirant. The rest can be safely ignored (e.g. Brunei - despite being high income).
Japanese makes just simply commits and fight for their pie. They are accompanied by European, mainly the Germans who established their presence mainly based on brand recognition - they dominate the luxury market. Americans are basically forgetable, lack of commitment and inability to follow through, basically Katy Perry's "Hot and Cold". South Koreans are also serious, they want to be the next Japan and they did it by not only undercutting, but also offering better tech and value. But they quickly cashed in and view themselves as part of the establishment too soon. The most disappointing aspect of our car market is how quickly G7 imperialist market players settled down after trying so hard to compete, and become part of the industry cartel.
The biggest impact from Chinese car is indeed Thailand and Indonesia, but surprisingly Malaysia (Geely owns Proton) and Singapore too. Singapore was said to be swamped by a lot of high end Chinese EV brands.
The biggest move is probably when Hyundai dumped money here and put their blades on Japanese's throat. It forced Japan car makers to improve their Indonesian model standards - active safety systems, ABS EBD become standard equipment, including airbags in lowest trim (yes, Japanese were that awful), and most importantly, car infotainment systems. Turns out people wanted more than just vast dealer network for easier maintenance access and fake resale value.
But unfortunately for the Korean and inadvertently, the Japanese, the Chinese entered the game like a wrecking ball.
The Ioniq 5 was once 800ish million IDR, lauded and quite dominated our EV scene. It is locally made in West Java. But today, after the Chinese wrecked the market, it gets a massive 20% discount. For the first time since 1998 financial crisis, I witness a new 2025 model actually went down in price or stayed the same with plenty of upgrades - we have several Japanese hybrid models that is under 500 million IDR. Back then, Prius used to be "luxury car" for Indonesians. For long, they have been profitting too much and complacent.
This is an ignorant and outdated characterization of Asean countries. That's why I will never trust Western judgements of these countries. Go out and stay in each of these countries for a month each.
Bejing China also used to obscene amounts of air pollution in the city until they started making it extremely expensive to renew license plates every year. China made much cheaper to own eVs.
Several years later air pollution is reduced!
Looking purely at policy, Shanghai would be a better example and air quality there is comparable to major cities in Canada and the US now.
Beijing suffers from severe desert storms so the numbers are skewed.
There's oil and sparepart mafias in Japan. There's a lot of money involved with sparepart suppliers for ICE and hybrids. Some high ranking execs are also sparepart suppliers. That's where they're making big profit.
The only brand making EV was Nissan because Carlos Ghosn forced them to make Leaf. Along the way, cutting of suppliers and middlemen, pissing them off as enemy. We all know what happened, they criminalize that Gaijin after
Japan sells their below average cars so expensive in South-East Asia.. with the same money you could get BMW, Audi or Merc in Europe.
And they sell the cars with an abysmal infotainment system, it's so sad to see the interior of Toyota's in South East Asia.. it's like comparing iPhone 16 pro max to an old Nokia phone from early 2000's
In the UK, car dealers are going to miss the EV target so badly, they are all going to go bankript.
The time may come when the Chinese battery manufacturers will no longer sell batteries to Japanese automakers. Whoa.
Love Steve Hanley Articles .
i live in SEA, Chinese Cars are getting more popular.
In Malaysia you will never see a Lexus showroom near a Toyota showroom, and now Lexus is sharing showroom with Toyota. This says something.
It is expensive to maintain two separate systems when sales decline.
@@amandagrant4331 what you don't understand in Malaysia is Lexus portrays itself as a stand alone brand and is sold at a premium price that's why they don't share showrooms with Toyota till now.
When you're product costs almost twice as much as your competition, regular folks that are on a budget don't care about the brand. Why would I buy a car that will last 10 years if i can buy one that i can afford to replace after 5 years with a newer model and not have to worry about maintenance
It is not accurate that German car makers ignored the Singapore market. In fact, before the arrival of BYD, BMW and Mercedes Benz together with Toyota were the top 3 brands with similar market shares. However, in 2024, BYD has taken the market leadership with about 1/3 or all new car sales, at the expense of all brands with the exception of Tesla and some super expensive cars brands.
Yep, pretty soon we will see most of the south east asian countries using Chinese EVs on their roads, especially in these 5 countries, Thailand, Malaysia, Indonesia, Singapore and Vietnam. Japanese combustion engine and Hybrid vehicles from Toyota, Honda, Nissan, Mazda, Subaru will be phase out in these countries within the next 10 to 15 years.
Legacy automakers are mostly from northern cold and dry snowy countries, they don't have the feel of how people tolerate air pollution in hot and humid cities in the south....that is why ..they are falling behind.....
People here in Indonesia are starting to realize that Chinese are actually of good quality or even superior to Japanese car but still though, a lot of people with cognitive dissonance trying to defend plastic interior underpowered tin can box as quality products.
You'd think the CEO's would be making some plans to counteract this. I don't hear anything.
It's clear that people wanted hi tech cars but affordable 😊
I like your content but just thought it worth pointing out that having lived in Indonesia for over a decade, Nissan were never a major player and it was extremely rare spotting one of their cars on the streets.
Excellent video.
I'm no EV fan but the immediate future is what it will be.
I live in Thailand and pollution is serious issue here, Malaysia and Indo.
Hats off to China, they rolled the dice on EV commitment and now the west is panicking and disrupting China imports to save their car brands that didnt or couldnt invest in the future.
EV's TOC is cheaper than ICE.
some low price EV lets more people be car owners in S.asia
Toyota had their chance back in 2010 with Elon started up the EV revolution.
Now its all gone...
Love the analysis but I think you’re talking about Wright’s law not Moore’s law when the cost reduces with a doubling of production
Well sorry to hear about your loved ones illness, but have you tried asking chinese doctors about her condition? As far as i know, they have a lot more data due to higher population, and treatments could have immense help
The problem with cancer is that it is very heterogenous. For many mutations we still lack working treatments and often we don't even know what mutations are present in a tumor. Some cells have mutation A while others have B and others have C.
To most SEAsians, vehicles are meant to move from point A to B and back. From main wage earners, to move from home-works- home while for home maker's from home-school
-market-home. Believe you me, SEAsians prefer to shop daily for their kitchen need, despite most home have refrigeration. Under such
circumstances, SEAsians need two moving around vehicles at the cheapest and reliable but wouldn't hurt their pockets.
Where is the power to recharge these Green vehicles, coming from???
At the same time, solar panels in Thailand are also growing rapidly (also from China)
Japanese cars are yesteryear product. Cars from China are futuristic, reasonably priced and good quality.
Problem with Japanese,Korean and European manufacturers they still doesnt want to reduce their price although the quality isn't the same as they are used to be.
👍👍