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Singapore COE Breaks S$125k: Automakers Earns Profits or Brand Prestige?

The results for Singapore's first COE bidding round in May are out: Category A (Small/Mid-sized) hit S$124,790, and Category B (Large/Luxury) reached S$126,236. With the COE exceeding S$125,000, would you buy a car or stick to the MRT? How much higher do you think this market ceiling can go? BYD has captured 20% of the market share; do you bet on BYD because of its Southeast Asian expansion narrative or its domestic sales performance in China? NIO is taking the premium route, but it costs S$300k+ to get one on the road in Singapore—do you think there is a genuine need for this segment?

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