How Much Would Tesla Cars Cost If They Were Available In Malaysia?

How Much Would Tesla Cars Cost If They Were Available In Malaysia?

Written by: Song Hui Jin

According to Morgan Stanley, it forecasts that Tesla may be opening 5 new auto plants. The new auto plants will cater to India, ASEAN, Northern/Central Europe, and the U.S. And yes, the ASEAN plant is particularly important to Malaysia. Sadly, there’s no real way to get concrete numbers as to incentives and taxes unless you’re already familiar with the market.

As of today, Tesla doesn’t have an actual presence in our country aside from parallel importers and other random players. Unfortunately, there isn’t a strong demand for Tesla vehicles at existing grey market prices. Plus, there’s no proper national agenda for a charging station network. DS&F speculates that the company will just end up making cars in Thailand, Indonesia, and Singapore. Tesla also just recently launched in Singapore and delivered its first order just last July.

You’ve probably heard and maybe seen a couple of Tesla vehicles on the road, especially the Tesla Model 3, as there are units ready in Johor Bahru. That’s because a local dealer, Kasawari seemed to have stocked up on a couple of Tesla units. Based on the offers on a brochure back in 2020, the price for Tesla Model 3 Standard Range Plus is RM385k. The Tesla Model 3 appears to be the most affordable and most popular model in the Tesla range.

However, Kasawari offered the Long Range, All-wheel Drive Performance variant. They offered one in a standard white colour and the other in the red multi-coat version.

The white Tesla car is going for RM510,000 while the red unit is going for RM530,000!

For the price, it comes with a localized warranty, a wall charger, and standard charging accessories as well. On top of that, all Over-The-Air updates for the cars are guaranteed to come in with a system set up.

According to an article by Paul Tan, UK-sourced units can be ordered in Malaysia which will cost around RM390k for the Standard Range variant and around RM450k for the Long Range Performance variant. This is as close of a speculated price we can get to having Tesla vehicles sold in Malaysia. 

The real question is, will Tesla include Malaysia in their ASEAN Plants plan that was said to begin in 2024? While we are still trying to figure out the numbers, every other country in ASEAN seems to already have some sort of blueprint for Electric Vehicles. The Malaysian government needs to begin thinking about more transparent policies for foreign investors. Because of the National Automotive Policy 2020, major investments in the automotive sector bypassed Malaysia for other neighbouring countries in the region. 

An example would be the Hyundai Motor Group, they picked Indonesia for its very first plant in ASEAN and another high-tech EV facility in Singapore. The company also closed its Asia & Pacific Regional Headquarters in Malaysia and moved it to Jakarta, Indonesia.

Let us know how much do you think Tesla cars would cost in Malaysia, and do you think Elon Musk will open a Tesla auto plant here? Who know’s right since Tesla just recently became a company worth 1 trillion dollar!

P/S: It doesn’t matter if you drive a Tesla or a Myvi, you would still to make sure your car is insured! Grab our RENTAS150 promo to get RM150 off your car insurance today!

*The content provided is for informational purposes only. FatBerry makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Should you require more information on our products, please refer to fatberry.com or contact us.

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Fatberry Adds Senior Executives to Help Drive Growth

Fatberry Adds Senior Executives to Help Drive Growth

Malaysia’s leading digital insurance platform, Fatberry.com (“Fatberry”) has continued to experience strong growth and has recently added two senior executives to its management team to further drive growth.

Ms. Zoee Kong, Head of Partnership, and Mr. Rev Ong, Head of Traction, have recently joined the growing Fatberry management team.

Ms. Zoee Kong, prior to joining Fatberry, held senior executive positions at various international businesses and notably at global leading insurer AXA, where she was the Regional Head of Telecommunication Partnerships, APAC, and Head of Mobility and Lifestyle Partnerships for Singapore and Malaysia.

Mr. Rev Ong had previously held positions as Team Lead in various engineering and tech startups, including OYO, one Asia’s fastest growing tech firms.

Mr. John Tan, the CEO of Fatberry, commented: “Our business is growing very rapidly, and we are expanding the talent pool to bring the company to its next growth phase, focusing on bringing the best products and user experience to our customers. We are glad to be adding talented executives like Zoee and Rev to help drive our growth.” 

Fatberry has grown tremendously during the last 18 months, bolstered by accelerating consumer’s digital behaviour due to the global pandemic situation. Fatberry’s vibrant and user-friendly digital insurance platform receives over 200,000 monthly visits in search of its comprehensive range of insurance products.

About Fatberry

Fatberry.com revolutionised the process of buying insurance online. Powered by AI, Fatberry makes getting insurance coverage easier and accessible by offering users an array of insurance products like Car, Motorcycle, Health, Medical, Travel, and more. Today, Fatberry is Malaysia’s fastest-growing digital insurance platform, comprised of the nation’s top insurance brands, where Malaysians compare, customise and buy their insurance!

*The content provided is for informational purposes only. FatBerry makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Should you require more information on our products, please refer to fatberry.com or contact us.

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Tesla Berjaya Lancarkan Kereta Pertama Di Singapura

Tesla Berjaya Lancarkan Kereta Pertama Di Singapura

Ditulis oleh : Nur Shafika

Kereta Tesla telah mula dilancarkan hampir lima bulan lalu di pasaran Singapura. Sejak dari itu, kereta elektrik buatan dari negara Amerika Syarikat ini telah membuka sebuah jualan portal di mana pembeli dapat membeli dengan harga yang lebih berpatutan. 

Bermula dari itu, permintaan kenderaan elektrik kian makin melonjak. Terdapat sebanyak 1,200 tempahan daripada 500 buah kereta sahaja yang ada di pasaran. Siri Model 3 Standard Range Plus ini memberikan tawaran harga yang amat berpatutan dengan harga $112,845 bersamaan RM 344,290. Ia meningkat sehingga $154,815 bersamaan RM 472,340 untuk Model 3 bagi prestasi varian. Namun begitu, harga adalah sebelum dimasukkan Kos Perakuan Hak (COE).

Berdasarkan dari segi prestasi, Tesla Model 3 dalam SR + menawarkan sehingga 448km dengan kitaran WLTP, dan mampu memecut 0-100 km/j dalam hanya 5.6 saat saja. Bagi pula kelajuan tertinggi untuk kenderaan ini mampu mencecah sehingga 225 km/j. Manakala prestasi varian Model 3 jangkaan ia mampu pergi sejauh 567 km, 0-100 km/j dalam 3.3 saat dan kelajuan tertinggi 261 km/j.

 

Tesla

Tesla Model 3 untuk Standard Range

 

Tesla juga telah melancarkan Superchargers. Supercharges adalah pengecasan pantas yang telah dipasang beberapa tempat di pulau Republik berkenaan. Kini ia sudah mula beroperasi dan pusat perkhidmatan telah didirikan di Toa Payoh, Singapura. Bilik pameran atau “pusat pengalaman” berada di pusat membeli-belah.

Di Malaysia, kereta Tesla Model 3s (Satu Standard Range dan Satu Long Range) sudah mula dijual pada tahun lalu dan hampir mula diperkata-katakan. Menurut dari Importer Vision Motorsports mengatakan bahawa kereta ini bukanlah hanya satu sahaja ketibaan. Manakala pula, pihak yang berminat boleh membeli Model 3 melalui syarikat tersebut dengan berharga RM 390K bagi Standard Range dan bagi Long Range ditawarkan RM 450k. 

Bagaimana pendapat anda? sekiranya kenderaan Tesla telah mula dijual di Malaysia pada masa akan datang, adakah anda salah seorang pembeli kereta elektrik tersebut ? Sila berikan komen untuk berkongsi pendapat dan idea anda dibawah.  

*The content provided is for informational purposes only. FatBerry makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Should you require more information on our products, please refer to fatberry.com or contact us.

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Tesla Berjaya Lancarkan Kereta Pertama Di Singapura

Tesla Officially Launched In Singapore

Written by: Song Hui Jin

Tesla recently made its re-appearance in Singapore. It had a presence in the country back in 2016, but the automaker ran into some issues. Earlier this year, in February, Tesla quietly opened up its portal for booking in Singapore. Just 5 months after opening its sales portal, Tesla delivered its first car, the Model 3 on 29 July 2021 to a handful of buyers.

Since then, the demand for the electric vehicle has been to the tune of 1,200 orders to 500 available cars. The price for the Model 3 Standard Range Plus was at S$112,845 (RM344,290). Model 3 Performance variant priced ranging up to S$154,815 (RM472,340). However, the prices are before the inclusion of the Certificate of Entitlement (COE) cost.

While this may seem slightly pricey, the electric vehicle benefits from Singapore’s vehicular emissions scheme (VES) rebates. Enhanced rebates for clean vehicles in bands A1 and A2 have been increased to S$25,000 (RM76,280) and S$15,000 (RM45,770), respectively.

Tesla Model 3

Tesla Model 3 Standard Range Plus

The Tesla Model 3 also enjoys the EV Early Adopter Incentive (EEAI) that the Singapore government offers. EEAI provides a 45% rebate of the ARF, capped at $20,000. Thus, in total, the Model 3 enjoys a rebate of $45,000.

This is the highest amount that cars in Singapore can enjoy, compared to other luxury sports cars in the market. Do note that the EEAI will apply from 1 January 2021 to 31 December 2023.

The Model 3 Standard Range Plus is the ‘starter model’ of the lot. According to Paul Tan, the performance of the Tesla Model 3 Standard Range Plus boasts a range of 448km on the WLTP cycle.

The electric vehicle is also capable of 0-100km/h in 5.6 seconds with a top speed of 225km/h. On the other hand, the Model 3 Performance variant offers up to 567km of range with a 0-100km/h time of 3.3 seconds and a top speed of 261km/h. It also comes with an all-wheel-drive capability for improved agility, control, and power while on the road.

While Tesla’s service centre in Toa Payoh is due to start operations in July, The Straits Times reported that the first Supercharges, which are the first in Southeast Asia, is now operational in Singapore.

The high-speed DC charging points, providing up to 250 kW power, have already been installed on the ninth-floor car park of the Orchard Central shopping mall.

Meanwhile, more Superchargers will be made available in the coming months. Currently, the network consists of over 25,000 chargers at more than 2,700 locations worldwide.

Recently, Tesla CEO Elon Musk confirmed that the Supercharger network would eventually be available to users of other electric vehicles starting later in 2021. 

Last year, a pair of Model 3s, one Standard Range, and one Long Range were up for sale in Malaysia. According to the importer, Vision Motorsports, these vehicles were not one-off arrivals. They mentioned that interested buyers could purchase the Model 3 at RM390k for the Standard Range and RM450k for the Long Range.

Apparently, the Model 3 is not the first Tesla vehicle that landed in Singapore. Previously, the Model S, which is Tesla’s first mass-market sedan, was bought by Mr. Joe Nguyen. He was also slapped with a $15,000 surcharge under the older Carbon Emissions Vehicle Scheme by the Land Transport Authority (LTA).

The car was bought in Hong Kong and brought in as a second-hand car; Mr. Joe Nguyen didn’t expect his Model S to be the first as other people could just buy and bring it in.

 

Do you think Tesla will come to Malaysia soon? And if so, how much do you think it will cost to own a Tesla electric car in our country?

*The content provided is for informational purposes only. FatBerry makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Should you require more information on our products, please refer to fatberry.com or contact us.

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FatBerry Raised RM2.5m in Pre-Series A Funding

FatBerry Raised RM2.5m in Pre-Series A Funding

Good news! FatBerry raised RM2.5 million (approx. US$600,000) new funding from equity crowdfunding platform, pitchIN to carry out FatBerry’s expansion and product development plans!

 

After two years of trial and preparation, our insurtech platform was commercially launched in April 2020 during the beginning of the pandemic. Fatberry has transformed the way consumers purchase insurance products in Malaysia via our insurance digital marketplace that allows customers to compare, customise and buy insurance products online instantly and easily. 

 

Pandemic Driven Explosive Growth 

With the pandemic and lockdown situation, consumers resolve to change their purchasing behaviour – many adopted online shopping almost exclusively for all their daily needs. This accelerated online purchasing behaviour has spurred explosive growth in demand for purchasing insurance online. 

As FatBerry is the most comprehensive insurance marketplace online for the Malaysian market, it is undoubtedly that FatBerry has experienced an impressive continuous monthly growth of 100% from June 2020 to February 2021.

Between June 2020 to February 2021, Fatberry’s sales have grown 6,800%. It is currently transacting 7 figure sales revenue for its platform on a monthly basis.

 

Funding to Fuel Further Growth 

“Post-FatBerry raised, our next step is to add more talent to our team, further develop our platform and product offering, as well as scale up our marketing and branding efforts. We will continue in our mission to help more Malaysians purchase insurance online with ease from the reliable and trustworthy insurtech platform of ours,” said FatBerry CEO John Tan. 

Malaysian consumers have now recognised FatBerry as the easiest and fastest insurtech platform that provides extensive customer care to make sure purchasing insurance online is a positive experience for consumers.

Our platform currently represents 11 Bank Negara Malaysia licensed insurers, facilitating largely transactions involving car insurance. With Malaysia having more than 10 million registered cars on the road, Car Insurance is the largest segment of the general insurance market of Malaysia by sales revenue.

 

Launch of motorcycle insurance to drive further growth

Earlier in April, we had also launched motorcycle insurance on our platform.

“Motorcycles are the most popular vehicle in Malaysia, making up almost half of the total number of vehicles on the road. Hence, it is a key expansion market for FatBerry,” said FatBerry’s Head of Marketing, Debbie Ang. 

Our platform expects the motorcycle insurance products to do well on its platform as the segment of this market is almost untouched, as traditional insurance agents would usually focus on high-value insurance products instead. 

 

Strategic Pre-Series A Funding Round 

The Pre-series A funding round was led by strategic investor Stockholm-based publicly traded venture builder Abelco Investment Group AB. Other investors who participated include ASX-listed Fatfish Group Limited and notable angel investors from Malaysia and Singapore.

 

 

*The content provided is for informational purposes only. FatBerry makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Should you require more information on our products, please refer to fatberry.com or contact us.

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