News

Electric vehicle sales in Thailand have seen significant growth this year. Thai government approved a drawn down subsidy package last Wednesday. Starting from next year and ending in 2027.

Malaysia is seeking foreign investors in high-value industries such as electric vehicles (EVs), semiconductors and carbon capture, according to its trade and investment minister.

In collaboration with its partner Espro Noodoe, BGRIM launched its first solar-powered EV car charging station at River City Bangkok in April 2023. The company plans to expand to 100 by the end of the year.

Vietnam-based electric vehicle maker VinFast, which is deemed as Tesla's rival, is set to aquire a 99.8% stake in battery maker VinES from its founder Pham Nhat Vuong to ramp up its integration in the production value chain and competitive advantage.

Indonesia emerged as one of the world’s strongest markets for IPOs this year. Part of the reasons is the intensive rush to transition from fossil fuels and into green energy.

Government incentives, increased production, and growing environmental consciousness among consumers are propelling Thailand’s automotive market to undergo a green transformation.

Indonesia has asked a Chinese carmaker to help it build a homegrown electric vehicle by 2025 or 2026, according to a senior minister.

Singapore’s first electric cargo vessel is scheduled to begin trials and launch in the fourth quarter to support the electrification of marine craft.

Southeast Asia is the world's third-largest two-wheeler market. In Indonesia, the biggest ride-hailing service operator Gojek, plans to replace all two-wheelers with electric motorbikes by 2030.

Indonesian President Joko Widodo invited China, Japan, and South Korea to cooperate with ASEAN in developing its electric vehicle ecosystem.