Electric Vehicles & Mobility
Toyota to build $360M factory line in Vietnam to manufacture hybrid vehicles
Japan's automotive manufacturer Toyota is set to invest $360 million in building a hybrid vehicle line within its factory in Vietnam, Toyota Vietnam CEO Hirata Osamu said.
Australia’s Lynas, Korea’s LS Eco Energy to jointly product rare earth metals in Vietnam
South Korea's LS Eco Energy, under South Korea's giant LS Cable & System, in a cooperation with Australia's Lynas Rare Earth, will build a rare earth metal factory in Vietnam, the Australian firm announced Thursday.
Iran conflict shifts battery upside to BESS and wider electrification – Fitch
China’s battery manufacturers’ technology and cost leadership should keep them as beneficiaries of the global energy transition following the Iran conflict and related supply shocks, said Fitch Ratings.
Green Xentro ramps up Philippines e-taxi fleet to 2,500 units with Green GSM platform
Green Xentro has launched the initial phase of a 2,500-unit fleet of fully electric (BEV) taxis in Rizal province, under a strategic partnership with the mobility platform Green GSM.
Korea’s POSCO International targets $230M rare earth supply from Southeast Asia with venture capital push
South Korea's POSCO International is targeting an annual rare earth supply of $230 million from Southeast Asia, as it accelerates efforts to build a stable global supply chain for heavy rare earth elements critical to electric vehicle (EV) traction motors.
Southeast Asia’s “super app” Grab earns revenue $3.37B in 2025, Malaysia remains biggest market
Singapore-based super app Grab's revenue in 2025 grew 20 percent year on year, reaching a record $3.37 billion as the firm continued to grow to expand its user base, improve frequency and engagement in the platform, and optimize incentive levels.
Vietnam’s EV manufacturer VinFast reports $3.9B net loss in 2025
VinFast, the electric vehicle (EV) manufacturer under Vietnam's top conglomerate Vingroup, reported a revenue of $3.6 billion and delivery of 196,919 vehicles in 2025, according to its preliminary and unaudited financial results released on Tuesday.
Vietnam’s top billionaire Pham Nhat Vuong & family establish $1.7B holding company GSM VN
The family of Pham Nhat Vuong, Vietnam's richest billionaire per Forbes estimation and chairman of conglomerate Vingroup, has founded GSM VN Holding with a charter capital of VND43,313 billion ($1.7 billion).
Vietnam’s electric motorbike startup Dat Bike secures $4M funding from local securities firm
Vietnam's electric motorbike startup Dat Bike has secured a $4 million investment from local securities firm Thien Viet Securities JSC, the former announced Monday.
Korea’s POSCO Future M to invests $270M in battery materials plant in Vietnam
South Korea's POSCO Future M plans to invest KRW357 billion ($270 million) in building a new factory plant in Vietnam's Thai Nguyen province, to produce artificial graphite anode materials used in batteries.
