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No wonder BYD said harsh conditions. MITI said only allow to sell 10k unit locally the rest need to export. If this is the case is a favorable conditions dor Bermaz since Xpeng, Deepal is just doing contract installation not building own factory. Some more if the can sell 5k unit per year is consider big achievement. Bermaz you better speed up
Just read the analysis from Maybank. Bermaz has sell back Kia inventory back to Kia Malaysia at RM60 million at a small losses. At least this exercise will free up some cash from the inventory but I think is not consider as income.
T2 has been launched at 157k. Seems like chinese manufacturers is really attacking the market share for heavy loaded SUV at price below 160k for c segment. Really interesting to see how 3rd generation cx5 priced. Toyota already feel the heat. Last year corolla cross hybrid consistently selling 1k unit per month but starting this year Jan and February only sold less than 400 per months
