Thursday, May 11, 2023

OUR SEA NEIGHBORS: Singapore, 2023-2025

Photo here

May 14, 2025: Chinese Car Manufacturer BYD beats Toyota and Tesla to have sold the Most Number of Cars in Singapore in the 1st 4 Months of 2025
The Chinese Car Manufacturer "Build Your Dreams (BYD) Auto Company, Limited" sold the most number of Vehicles in the first four Months of this Year of 2025 in Singapore, selling over 3,000 Cars which consist 20% of the overall Market in that Country. 

The Japanese Car Manufacturer "Toyota Motor Corporation" came in second with over 2,000 units Sold while the United States (US) Company "Tesla Incorporated" came in a far third with only 535 units sold. 

Just last Year of 2024, Toyota was well ahead of BYD with over 7,000 units sold in Singapore compared to only over 6,000 by BYD. BYD only officially entered the Singapore Market in 2022, or just three Years ago and they are already topping it. 

Note also that Tesla entered the Singapore Market a Year ahead of BYD in 2021, and yet BYD has now surpassed them and Toyota to be Number One.


MY THOUGHTS: 
The overall Number of Cars sold in Singapore may not seem much, especially when compared to most of the other Countries in South East Asia (SEA), but remember that Vehicle Ownership in Singapore is highly regulated because of the limited Space they have there, and is VERY expensive. 

A BYD Atto 3 Sports Utility Vehicle (SUV) here in the Philippines costs around Php 2.5 million as of this writing, but in Singapore it is around Php 7 million, or almost three times more expensive. 

Because of the high Cost and strict Registration Process, you could say that Singaporeans tend to be more selective of the Vehicles they buy, and yet they went with BYD which is new to their Market rather than the long established Toyota Brand, or the more famous Tesla Brand. 

That alone should speak highly about the Quality of the BYD Vehicles from China. The Philippines was in the running to host a BYD Manufacturing Plant several Years ago, but that was before Bong Bong Marcos (BBM) showed his True Colors of being Anti-China and Pro-US.
SOURCE: 

February 12, 2025: Chinese Car Brands jumped in Market Share in Singapore in 2024 while Japan, German Brands declined
Chinese Car Brands significantly increased their Market Share in Singapore last Year of 2024, from just 5.9% in 2023 with 1,781 Cars sold to 18.2% in 2024 with 7,850 Cars sold, an increase of 12.3% in just a single Year. 

In Contrast, the Market Share of Japanese and German Car Brands in Singapore has significantly declined, from 43.1% in 2023 to 35.6% in 2024. German Brands on the other Hand declined from 32.4% to 28.2%. This change in Trend shows the growing preference for Chinese Electric Vehicle (EV) Brands in that Country.


November 20, 2024: Singapore conducts sixth “Exercise Cooperation” Activity with China
China and Singapore recently conducted the "China-Singapore Exercise Cooperation 2024" Joint Army Training in the Hennan Province in China recently. This is the sixth "Exercise Cooperation" Series between the two Armies. 

The Exercise will focus on Joint Counter Terrorism Operations in Complex Environments to strengthen the Joint Command, Coordination and Unified Actions between the two Militaries. Activities will include Live-Fire Shooting and Drills, among others. 

Both Sides agreed to deepen Traditional Friendships, Mutual Learning and Military Mutual Trusts, and also further develop Military to Military Relations. 

Note that Singapore is the only Country in South East Asia (SEA) that operates the Made in the United States (US) F-15 Eagle Fighter Aircraft, with other Countries like Malaysia, Indonesia and Vietnam choosing the Russian-made Su-30 instead, and yet Singapore still keeps very close Military Ties also with China.

Here is the Link to the Article at the “China Military” Website: http://eng.chinamil.com.cn/CHINA_209163/Exercises/News_209184/16353208.html

November 29, 2024: Singapore SM Loong says they should work harder to maintain valuable Relations with China
The Senior Minister of Singapore, Lee Hsien Loong visited China again recently and said that his Country's relationship with China is valuable and thus they will need to work extra hard to maintain it. Loong is a frequent Visitor to China, having gone there around 14 times in the last two Decades. 

Note that Singapore is the only Country in South East Asia (SEA) that the United States (US) allowed the sale of their F-35 Lightning II Stealth Fighter Aircraft, Thailand and Indonesia also wanted to get the Aircraft, but the US denied it to them, probably because they thought they were too close to China. 

However, it turns out that even Singapore continues to treasure its Relations with China also. 


May 1, 2023: Singapore and China concludes their latest Joint Maritime Exercise in the SCS
Singapore and China just concluded their latest Joint Naval Exercise in the South China Sea (SCS) which  was participated in by the Bedok-class Mine Countermeasure Vessel RSS Punggol (M108) and the Formidable-class Frigate RSS Intrepid (69) of the Republic of Singapore Navy (RSN) and the Wozang-class Minesweeper Chibi and Jiangkai II-class Frigate Yulin (569) of China’s People’s Liberation Army Navy (PLAN)
SOURCE: Republic of Singapore Navy Facebook Page Post, 05/01/23 – 1615H {Archived Link}

April 1, 2023: Singapore upgrades its Relations with China, sa Pilipinas nga lang sa SEA me nauuto ang mga Kano
Singapore and China just recently agreed to upgrade their Relations, which means more Trades and Interactions between the two Countries in a very broad range of Fields which includes Telecommunications, Food Safety and Security, Water and the Environment and Arts and Culture. 

They are also upgrading their Free Trade Agreement (FTA) and cooperating more on China’s Belt and Road Initiative (BRI). As I said before, in South East Asia (SEA), ‘sa Pilipinas lang me nauuto ang mga Kano’ (it is only the Philippines that the Americans are able to fool People)

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