1. Rather than purchasing a coe an alternative is to use car rental companies to rent a car. Car ownership and coe will increase in price over time
2.byd market share will continue to increase due to subsidies for production by China
3. No there is not a need for another car manuturer to compete with China for car production
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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