From an investment angle, $Byd Company Limited(002594)$ appears to benefit the most. Singapore may be a small market, but it is an important branding showcase for Southeast Asia. BYD’s strong visibility here strengthens its regional expansion story beyond China.
For $NIO Inc.(NIO)$ and $XPeng Inc.(XPEV)$ , I think the premium EV market in Singapore is very niche. At S$300k–400k total cost, buyers will likely compare them with traditional luxury brands, making growth much harder in this segment. Overall, I think COE dynamics will continue to reshape how EV brands position themselves in Singapore.
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Seats in Mrt are hard to come by even for old people and young children. Occasionally, pregnant women are denied the "Show you care" seat by young and healthy uncaring individuals.
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