Electric Vehicles & Mobility
PIDG exits Dat Bike as Vietnamese e-motorbike maker raises US$26 million Series B
The Private Infrastructure Development Group (PIDG) has exited its investment in Vietnam’s electric motorbike startup Dat Bike, after the company redeemed its convertible note.
Sunway plans trials of autonomous buses, driverless logistics and electric aircraft in Malaysia
Sunway is exploring trials involving WeRide autonomous buses, Neolix delivery vehicles and AutoFlight electric aircraft, subject to approvals.
Vingroup-affiliated GSM VN Holding dilutes Hong Kong holder to 36% as capital reaches $2B
Smart & Green Trans Limited (SGT), a company incorporated in Hong Kong, now holds about 36.17 percent of GSM VN Holding, which is affiliated with Vietnam's ride-hailing service GSM.
VinFast revenue rises 85% to $1.2B in Q2/2026, loss widens to $1.2B
VinFast, the electric vehicle (EV) maker under Vietnamese conglomerate Vingroup, reported unaudited second-quarter 2026 revenue of VND30,340.9 billion ($1.2 billion), up 85 percent from a year earlier, the company said on Monday.
Foxconn unit to buy 50 percent stake in Mitsubishi Electric Mobility for $730 million
Lin Yin International Investment Co Ltd, an investment management subsidiary of Foxconn, will acquire a 50 percent stake in Mitsubishi Electric Mobility Corp for JPY 115 billion ($727 million) as part of a strategic alliance to jointly operate the automotive equipment business.
As AI moves deeper into auto finance, trust and connectivity take center stage
At AIMCONNECT 2026 in Singapore, industry leaders explored what it will take to make smarter mobility and financing work for consumers. Artificial intelligence is moving beyond answering customer questions and suggesting products. In automotive finance, the bigger opportunity lies in connecting the many decisions between an initial enquiry and a completed…
Vietnam’s steel producer VinMetal, Italy’s Danieli to jointly make railway steel
VinMetal, the steel producer under Vietnamese conglomerate Vingroup, has signed a contract with Italy's Danieli & C. Officine Meccaniche S.p.A. to supply core equipment for a rail and section steel line.
NEU Battery Materials raises $7.6M and opens Singapore plant
Singapore battery recycler NEU Battery Materials has raised $7.6 million and commissioned a 1,300-tonne-per-year LFP recycling plant in Tuas.
Green SM launches Vietnamese EV taxi service in Los Angeles
Green SM, a Vietnamese ride-hailing company utilizing only electric vehicles (EV) of VinFast brand, has launched its taxi service in Los Angeles, its first entry into North America and its ninth global market.
Vietnam’s EV maker VinFast opens early bookings for the all-new VF 8 in the Philippines
The VinFast VF 8 is now available for pre-order in the Philippines, further expanding the brand's product lineup and offering customers more choice, the company said in a statement on Tuesday.
