Tiagong BYD is the next Evergrande

[k1976]

In singkieland it's easier to buy a car than just last 10 years..why worry about depreciation?

160k is not a small sum
In addition, BYD resale value seems less appealing vs AMDK Tesla

 

[Hypocrite-The]

Dbl post

 

[bobby]

Worry about car resale price when your COE is depreciating every year till zero ?

 

[Eisenhut]

youtube iz laden wif weedios abt ze imminent collapse of china but it never toh…

Sarpork by CCP how to toh

 

[k1976]

Worry about car resale price when your COE is depreciating every year till zero ?

If no good or no job, better sell off as exit plan

 

[Hypocrite-The]

160k is not a small sum
In addition, BYD resale value seems less appealing vs AMDK Tesla

Uh the car only keep for 10 yrs in singkieland so at 10 years its 0 value ...in ang mor lands can drive much longer so depreciation is a bigger deal

 

[nightsafari]

Unlikely because refurbished cars are more expensive as new cars are cheaper due to robotic process

I think refurbished just means quick clean up and touch up. Nothing major and no parts replacement. That's why the buyers can spot the wear and tear. Tons of tricks in the auto trade to freshen up the car. Just needs a few man hours, some chemicals.

 

[Hypocrite-The]

I think refurbished just means quick clean up and touch up. Nothing major and no parts replacement. That's why the buyers can spot the wear and tear. Tons of tricks in the auto trade to freshen up the car. Just needs a few man hours, some chemicals.

And a new coat of paint tat peel in 6 months

 

[Hypocrite-The]

can buy a zero-mile (aka new from factory) but certified as “used” byd with 69% discount off msrp.

New car at 2nd hand price. Berry tempting

 

[Hypocrite-The]

can buy a zero-mile (aka new from factory) but certified as “used” byd with 69% discount off msrp.

Hey Ah Sai,

Looks like the chicons are clamping down on the Scam...

China’s EV kings caught in $185 million dollar scandal​

Have you noticed unfamiliar Chinese car brands popping up on the road? There's a reason for that and it's changing Australia's car market fast. Reporter Danielle Collis explains.
Two of China’s largest electric vehicle manufacturers, BYD and Chery, have been caught up in a multimillion-dollar subsidy scandal after a government audit revealed they improperly claimed more than $80 million in taxpayer funds.

China’s Ministry of Industry and Information Technology, shows that from 2016 to 2020, the automakers received public subsidies for more than 13,000 vehicles that failed to meet official requirements.

Preliminary results published late last month show Chery had applied for approximately 240 million yuan (approximately AUD $51 million) in funding for 8,760 electric and hybrid vehicles that did not qualify.

BYD electric cars waiting to be loaded to the car carrier BYD "Shenzhen", which will sail to Brazil from the Taicang Port in Suzhou, in China’s eastern Jiangsu province. (Photo by AFP) / China OUT
BYD had 4,973,143 million yuan (approximately AUD $30 million).

Both car brands accounted for close to 60 per cent of the total improper claims.

The audit assessed more than 75,000 vehicles from more than a dozen automakers.

In total, more than 21,700 vehicles across multiple brands were deemed ineligible accounting for 864.9 million yuan (approximately AUD $185 million) in questionable subsidies.

No formal allegations of fraud have been made but the audit did flag issues such as missing supporting documents and failure to meet minimum mileage thresholds required under the phased out EV incentive scheme.

Under the subsidy program, the Chinese government had previously offered generous cash rebates of up to 60,000 yuan (AUD $8400) per electric or plug-in hybrid vehicle, paid directly to manufacturers, who were supposed to pass on the subsidy to their customers as a discount on the purchase price.

However, this did not always happen correctly.

Regulators were particularly sceptical of dealer practices and sales strategies, calling out “zero kilometre used cars”, brand new vehicles registered to dealers and resold as used stock to inflate sales figures.

The Ministry has not confirmed whether any of the funds flagged in the audit have been repaired or deducted from future payments.

Chery denied the allegations and has said it acted transparently and said the audit only involved subsidy applications that had not yet been paid out.

BYD has not yet commented.

Read related topics:

 

[eatshitndie]

Hey Ah Sai,

Looks like the chicons are clamping down on the Scam...

China’s EV kings caught in $185 million dollar scandal​

Have you noticed unfamiliar Chinese car brands popping up on the road? There's a reason for that and it's changing Australia's car market fast. Reporter Danielle Collis explains.
Two of China’s largest electric vehicle manufacturers, BYD and Chery, have been caught up in a multimillion-dollar subsidy scandal after a government audit revealed they improperly claimed more than $80 million in taxpayer funds.

China’s Ministry of Industry and Information Technology, shows that from 2016 to 2020, the automakers received public subsidies for more than 13,000 vehicles that failed to meet official requirements.

Preliminary results published late last month show Chery had applied for approximately 240 million yuan (approximately AUD $51 million) in funding for 8,760 electric and hybrid vehicles that did not qualify.

BYD electric cars waiting to be loaded to the car carrier BYD "Shenzhen", which will sail to Brazil from the Taicang Port in Suzhou, in China’s eastern Jiangsu province. (Photo by AFP) / China OUT
BYD had 4,973,143 million yuan (approximately AUD $30 million).

Both car brands accounted for close to 60 per cent of the total improper claims.

The audit assessed more than 75,000 vehicles from more than a dozen automakers.

In total, more than 21,700 vehicles across multiple brands were deemed ineligible accounting for 864.9 million yuan (approximately AUD $185 million) in questionable subsidies.

No formal allegations of fraud have been made but the audit did flag issues such as missing supporting documents and failure to meet minimum mileage thresholds required under the phased out EV incentive scheme.

Under the subsidy program, the Chinese government had previously offered generous cash rebates of up to 60,000 yuan (AUD $8400) per electric or plug-in hybrid vehicle, paid directly to manufacturers, who were supposed to pass on the subsidy to their customers as a discount on the purchase price.

However, this did not always happen correctly.

Regulators were particularly sceptical of dealer practices and sales strategies, calling out “zero kilometre used cars”, brand new vehicles registered to dealers and resold as used stock to inflate sales figures.

The Ministry has not confirmed whether any of the funds flagged in the audit have been repaired or deducted from future payments.

Chery denied the allegations and has said it acted transparently and said the audit only involved subsidy applications that had not yet been paid out.

BYD has not yet commented.

Read related topics:

all subsidies in tiongcock are related to scams. one chip startup in sillycon valley went to beijing for conference to find investors, and over 69 showed up to give him lavish dinners and entertainment. after numerous banquets and luxury stay in hotel which the host paid for they all came out with nothing but got paid by ccp for all sexpenses thru’ “subsidies”. apparently, nobody in tiongcock was serious about helping with a foreign venture for chip startup but used the pretext to apply for gov subsidies. all they want is the tech blueprint and steal it to start their own (fake) domestic ventures in order to gain more subsidies as ccp prefers 100% homegrown enterprises. truly fucked up gov policies and freeloading tiong behavior.

 

[Hypocrite-The]

all subsidies in tiongcock are related to scams. one chip startup in sillycon valley went to beijing for conference to find investors, and over 69 showed up to give him lavish dinners and entertainment. after numerous banquets and luxury stay in hotel which the host paid for they all came out with nothing but got paid by ccp for all sexpenses thru’ “subsidies”. apparently, nobody in tiongcock was serious about helping with a foreign venture for chip startup but used the pretext to apply for gov subsidies. all they want is the tech blueprint and steal it to start their own (fake) domestic ventures in order to gain more subsidies as ccp prefers 100% homegrown enterprises. truly fucked up gov policies and freeloading tiong behavior.

Good to see chicons land funking up