New EV Buying Journey

[Lethalstrike]

On 2/2/2025 at 11:08 AM, Carbon82 said:

@inlinesix I have said that multiple times, the whole road tax structure is illogical to say the least.

For those who have yet to notice, there is a big jump of ~$1K from 230KW to 240KW. Why? When LTA adjusted the EV road tax formula a couple of years back, they did a half F job, revising the rate for those 230KW and less, while maintaining the rate for those >230KW.

Now about the AFC, $700 is applied across the board, ranging from a Kei car to Rolls Royce Spectre, is it "fair"? Ok let's not make it sounds that AFC favor the rich. What about taxi and PHV, where their mileage is easily 3 to more than 5 times higher than private passenger car, so is LTA providing some perks for these business owners?

If you bother to look at the changes in vehicle taxes in the past 30 - 40 years, it is not hard to see that we are being taken for a ride. COE, WEC/OPC, ERP, CNG, Diesel, CVES/VES, and now EV, go and read the press statement from LTA for each of these scheme, laugh die me.

I know what you are going to say next. Car-Lite, right? Whatever been levied on vehicle owners will eventually be passed down to the consumers, SMEs and MNCs, and it is no rocket science that when our overhead cost get too high, business owners will be forced out of this little red dot and our job at stake.

I shall stop here, let continue with EV discussion.

LTA is sorry for the oversight and the lack of detailed policy execution. Still monitoring lah 😆

Some say LTA is controlled by our Ministry of Finance. Any policy which will affect the collection of vehicular taxes, it will have to go through MoF first. 

[RadX]

Eh stik to ev

[Atachi]

On 2/2/2025 at 6:33 PM, Davidklt said:

Why are they building so many new roads and highways now when the policy is to be car-lite?

For the car-Elite 😂

Edited February 3 by Atachi

[Tohto]

On 2/3/2025 at 10:06 AM, RadX said:

Eh stik to ev

We have someone keep hammering the EV thread all over the place. 

There is no right or wrong to buy or not buying an EV. Everyone has it own preferred choice.  Not sure why need to non stop hammering all the thread. 

[SGCM928]

On 2/3/2025 at 4:24 PM, Tohto said:

We have someone keep hammering the EV thread all over the place. 

There is no right or wrong to buy or not buying an EV. Everyone has it own preferred choice.  Not sure why need to non stop hammering all the thread. 

I guess this someone must have lost quite some $$$ on BYD and Xpeng shares, thus spamming every EV thread with all these negative "news". 🥵

I am with you that there is no right or wrong to buy an EV, as different buyer has different needs and considerations. I am still a fence sitter and will keep all options open when my current ride is due. 

[SGCM928]

@Heartlander what you have posted about BYD was what Toyota had been through in the last 80 years. Don't just take my words for it, please google and read about the history of Toyota (some of these info can also be found on Toyota website). 

Respectfully honest, an open forum like MCF is reserved for healthy exchange of view points and opinions, not one sided sharing of unverified "facts" (花边新闻, 小道消息).

[Jev]

On 2/4/2025 at 12:33 PM, SGCM928 said:

I guess this someone must have lost quite some $$$ on BYD and Xpeng shares, thus spamming every EV thread with all these negative "news". 🥵

Funny thing is Xpeng shares are ripping. Market is telling you they have never been healthier !

[Sdf4786k]

On 2/4/2025 at 3:26 PM, Jev said:

Funny thing is Xpeng shares are ripping. Market is telling you they have never been healthier !

dont forget the Xiaomi and huawei as well as Geely and alibaba are also in Cars..

[Krieger]

For myself, I do not see myself going back to ICE cars anymore. Too used to EVs. The instant torque and less components to worry about. Just battery and tyres. 

 

 

[Beanoyip]

On 2/4/2025 at 7:27 PM, Krieger said:

For myself, I do not see myself going back to ICE cars anymore. Too used to EVs. The instant torque and less components to worry about. Just battery and tyres. 

 

 

Given a choice, I'll wanna own both. Daily driving with EV and fun days with ICE.. 

[Tohto]

On 2/4/2025 at 4:33 PM, Beanoyip said:

Given a choice, I'll wanna own both. Daily driving with EV and fun days with ICE.. 

In your Aussie, you can have an EV for the city and a shorter distance drive.

Long distance get a nice big turbo diesel pickup truck 👍

[Rskc]

On 2/4/2025 at 4:27 PM, Krieger said:

For myself, I do not see myself going back to ICE cars anymore. Too used to EVs. The instant torque and less components to worry about. Just battery and tyres. 

 

 

Ya. My ICE just reported sick and on mc...gb leaking, oil filter housing leaking, coolant pump leaking. 

[Heartlander]

On 2/4/2025 at 2:38 PM, SGCM928 said:

@Heartlander what you have posted about BYD was what Toyota had been through in the last 80 years. Don't just take my words for it, please google and read about the history of Toyota (some of these info can also be found on Toyota website). 

Respectfully honest, an open forum like MCF is reserved for healthy exchange of view points and opinions, not one sided sharing of unverified "facts" (花边新闻, 小道消息).

Did Toyota shamelessly copied all the foreign cars in the early days and rebaged them to be Toyota cars? Yes there are juicy news of covering up here and there but not to the magnitude of what the Chinese companies are doing.

Not all the Chinese in China are not looking in awe at BYD, and the debts totaling > S$100B is real. Look at it from the other angle. If you are buying a property, would you check out the financial health of the developer?  Or you just think highly of them just because their recent launches are nice and beautiful. And couple with how the companies cheated all the way to rise to the top, did it not ring an alarm bell in your head? And cars would need proper support from their makers throughout their life cycle, not something that you just buy and no need anything from the makers after that.

And XPeng and Nio have been losing lots of money every quarter, till now. Their cars might be good, trying to serve restaurant quality food at kopitiam prices, but that made them lose money with every sales. If they reduce quality now, they would be losing the very edge of why some people are flocking to them. Ironic isnt it? And there is no recovery if the Chinese govt decided to pull the heavy subsidy away, unlike BYD that has been able to pull in tiny profit even without the govt subsidy.

Go read the loss it is making even now. In english so that all can understand:

https://ir.xiaopeng.com/zh-hans/news-releases/news-release-details/xpeng-reports-third-quarter-2024-unaudited-financial-results

I am just trying to bring the other side of EV narrative from China to here as some of us do not have good command of the language and do not realise the mess there right now. Despite the very tight censorship where all negative voices are silenced all the time and BYD like to hand out lawsuits to silence any negative flaws regarding its cars, bad news and bad practices are still constantly been leaked out. Go read what I have shared, they are real and not made up stories. Of course you may choose to ignore them or you may choose to put me on ignore list. This is an open forum after all. 

Edited February 4 by Heartlander

[Jev]

On 2/4/2025 at 9:03 PM, Heartlander said:

Not all the Chinese in China are not looking in awe at BYD, and the debts totaling > S$100B is real. Look at it from the other angle. If you are buying a property, would you check out the financial health of the developer?  Or you just think highly of them just because their recent launches are nice and beautiful. And couple with how the companies cheated all the way to rise to the top, did it not ring an alarm bell in your head? And cars would need proper support from their makers throughout their life cycle, not something that you just buy and no need anything from the makers after that.

This is misrepresented and there's a reason BYD share price been strong recently.

To put in context, BYD market cap is 100b USD. They have 13b USD of cash on hand, 7b USD of official debts. This ~45B USD of off balance sheet 'debt' is supply chain financing i.e. delayed payment terms to their suppliers. This debt is secured against parts they have received. They turnover 25B USD of cars every quarter.

Ford has a quarterly turnover of 45B USD a quarter and official debts of 160B USD.

I encourage you to do more research and don't believe the sensationalist news from tabloid youtubers. Billions of dollars currently says you are wrong. If you really think they are in financial trouble please go and short them, good luck to you.

[Rskc]

On 2/4/2025 at 10:29 PM, Jev said:

This is misrepresented and there's a reason BYD share price been strong recently.

To put in context, BYD market cap is 100b USD. They have 13b USD of cash on hand, 7b USD of official debts. This ~45B USD of off balance sheet 'debt' is supply chain financing i.e. delayed payment terms to their suppliers. This debt is secured against parts they have received. They turnover 25B USD of cars every quarter.

Ford has a quarterly turnover of 45B USD a quarter and official debts of 160B USD.

I encourage you to do more research and don't believe the sensationalist news from tabloid youtubers. Billions of dollars currently says you are wrong. If you really think they are in financial trouble please go and short them, good luck to you.

Did not read into the details of BYD's financials but if 45B are due to super long payment terms, wow, their procurement is doing a fantastic job! Securing parts on suppliers' working capital.

[inlinesix]

On 2/4/2025 at 10:29 PM, Jev said:

This is misrepresented and there's a reason BYD share price been strong recently.

To put in context, BYD market cap is 100b USD. They have 13b USD of cash on hand, 7b USD of official debts. This ~45B USD of off balance sheet 'debt' is supply chain financing i.e. delayed payment terms to their suppliers. This debt is secured against parts they have received. They turnover 25B USD of cars every quarter.

Ford has a quarterly turnover of 45B USD a quarter and official debts of 160B USD.

I encourage you to do more research and don't believe the sensationalist news from tabloid youtubers. Billions of dollars currently says you are wrong. If you really think they are in financial trouble please go and short them, good luck to you.

On 2/5/2025 at 7:13 AM, Rskc said:

Did not read into the details of BYD's financials but if 45B are due to super long payment terms, wow, their procurement is doing a fantastic job! Securing parts on suppliers' working capital.

YouTuber likely build their video based on

https://www.businesstimes.com.sg/companies-markets/transport-logistics/byds-supply-chain-financing-masks-ballooning-debt-gmt
 

[Sdf4786k]

On 2/4/2025 at 4:50 PM, Tohto said:

In your Aussie, you can have an EV for the city and a shorter distance drive.

Long distance get a nice big turbo diesel pickup truck 👍

just get a BYD shark,,, if in AU...

[Beregond]

On 2/4/2025 at 10:29 PM, Jev said:

This is misrepresented and there's a reason BYD share price been strong recently.

To put in context, BYD market cap is 100b USD. They have 13b USD of cash on hand, 7b USD of official debts. This ~45B USD of off balance sheet 'debt' is supply chain financing i.e. delayed payment terms to their suppliers. This debt is secured against parts they have received. They turnover 25B USD of cars every quarter.

Ford has a quarterly turnover of 45B USD a quarter and official debts of 160B USD.

I encourage you to do more research and don't believe the sensationalist news from tabloid youtubers. Billions of dollars currently says you are wrong. If you really think they are in financial trouble please go and short them, good luck to you.

Not expert on finance stuff.

I trust my best friend on this. His name is Google.

I ask him . Is toyota in debt. He told me toyota is in 255b debt. 

Now I stress. Should I buy toyota🤯