Electric Vehicles & Mobility
Vietnam fines Grab $50,000 for consumer protection violations
The National Competition Commission, under Vietnam's Ministry of Industry and Trade, has issued an administrative penalty of VND1.36 billion ($51,700) against Grab Vietnam, under Singapore-based superapp Grab, for violations of consumer protection law.
India’s River Mobility, backed by Toyota, Yamaha, raises $120M Series C to expand electric motorbike factories
India's River Mobility has closed a $120 million Series C round comprising equity and venture debt, among the largest private investments in India's electric two-wheeler sector.
Indonesia’s transportation platform McEasy raises $9M Series B to expand across Southeast Asia
Indonesia's McEasy, a fleet and transportation management platform, has raised $9 million in a Series B round combining equity and debt.
Inchcape Plus launches China’s BYD T35 electric light truck in Singapore, first in Southeast Asia
Inchcape Plus, Singapore's BYD commercial truck dealer, has launched the BYD T35 electric light truck in Singapore, making it the first market in Southeast Asia to introduce the vehicle following its global debut at the Japan Mobility Show 2025.
Honda’s EV losses to approach $12.5B across fiscal years 2026-2027
Japan's Honda Motor is set to book ¥1.97 trillion ($12.5 billion) in EV-strategy losses across fiscal years 2026 and 2027, equal to roughly three years of operating profit and more than a full year of total R&D spending.
Foxconn adds $62M to unit in Vietnam, to build EV charging stations
Taiwan's Foxconn has injected an additional $62 million into its subsidiary in Quang Ninh province, northern Vietnam and added a new business activity of manufacturing electric vehicle (EV) charging stations.
China’s Zeekr hits 5,000 vehicle deliveries in Malaysia, launches charging network, extended warranty
Zeekr Intelligent Technology Malaysia, under China's electric vehicle (EV) brand Zeekr, has reached 5,000 cumulative vehicle deliveries in Malaysia in less than two years since launch, the firm said in a statement on Tuesday.
Singapore’s superapp Grab posts $1.95B revenue, $355M profit in H1/2026, bets on AI for growth
Grab, the Singapore-based superapp, reported revenue of $1.95 billion for the first half of 2026, up 23 percent year-on-year, with profit for the period of $355 million compared with $30 million a year earlier, Grab said in its quarterly review released on Tuesday.
Singapore awards France’s Thales contract for AI-enabled air traffic management system, towards 2030 launch
The Civil Aviation Authority of Singapore (CAAS) has awarded France's Thales a contract to develop Singapore's next-generation air traffic management system (NexGen ATMS) and air traffic control radars, Thales said without financial details.
China’s BYD, Australia’s Smart to jointly integrate novated leasing into EV purchase process
China's electric vehicle (EV) manufacturer BYD and Australia's salary packaging and novated leasing provider Smart will jointly offer BYD and DENZA electric vehicles available through novated leases to more than 2.5 million Australians employed by Smart's clients.
