Thailand Sets Off Chaos In Domestic Auto Market By Subsidizing Chinese EVs

[Dr Christopher Cheok C S]

Thailand Sets Off Chaos In Domestic Auto Market By Subsidizing Chinese EVs​

https://asia.nikkei.com/Business/Au...-Chinese-EV-makers-wreak-havoc-on-auto-sector

Thailand has accidentally also set off chaos in their home market by offering subsidies to Chinese EV makers, is "wreaking havoc" in Thailand. The unintended consequences of EV subsidies have also affected supply chains, with at least a dozen parts producers shutting down as subsidized Chinese EV makers avoid buying from most of them.

BYD, China's largest EV maker, aggressively cut the price of its Atto model by 37%, while Neta reduced its V-II model price by 9%. When fully operational, Chinese EV makers in Thailand will have the capacity to produce about 750,000 vehicles annually.

These subsidies have impacted the Thai automotive sector, which employs over 750,000 workers and contributes 11% to the GDP. The automotive sector is the fourth-largest economic contributor, following tourism (18%), retail (16%), and ahead of agriculture (8.6%).

 

[NanoSpeed]

Good job. Hope the EV can bring down the price of petrol powered cars.

 

[syed putra]

Good job. Hope the EV can bring down the price of petrol powered cars.

ICE cars are heavily taxed. While EV's are subsidised. No contest. If it's a free market, EV's cost more. But cost are coming down.

 

[Loofydralb]

In SG, PAP does the opposite and screws its own citizens.

 

[Pinkieslut]

In SG, PAP does the opposite and screws its own citizens.

We are in good hands!

 

[syed putra]

Current and many previous Thai PM and ruling elites are mostly ethnic Chinese. They will come up with pro china policies. But the Thai bumis prefer Japanese.

 

[LordElrond]

The Japs and Conti have lowered their price substantially with the EV onslaught in Thailand. That is what free market is about. Subsidy? Fake news to discredit EV.

 

[NanoSpeed]

 

[k1976]

In SG, PAP does the opposite and screws its own citizens.

70% Sinki appreciate good hands de woh

 

[syed putra]

The Japs and Conti have lowered their price substantially with the EV onslaught in Thailand. That is what free market is about. Subsidy? Fake news to discredit EV.

I have this notion that european makes took advantage of their image to jack up price unnecessarily in asean.

 

[NanoSpeed]

I have this notion that european makes took advantage of their image to jack up price unnecessarily in asean.

You should stick to Proton.

 

[LordElrond]

I have this notion that european makes took advantage of their image to jack up price unnecessarily in asean.

In Thailand, Audi lowered their A4 from about 3.7m THB to 2.7m THB. Camry also lowered from about 1.9m THB to 1.5m THB. They are crying.

 

[NanoSpeed]

View attachment 203213

Poor man's Aston Martin