Electric Vehicles & Mobility
HSBC Malaysia provides first $15M asset backed lending to boost Carsome’s growth
HSBC Malaysia said Wednesday that it has recently provided its first asset based lending (ABL) facility of $15 million, to Carsome Certified Sdn Bhd to finance the purchase of refurbished vehicles that would be sold to retail customers.
VinFast advances ecosystem strategy in Philippines’ EV catch-up
With nearly 19,000 electric vehicles sold in 2024, the Philippines is looking to catch up in Southeast Asia’s electric vehicle (EV) race as ecosystem players like VinFast work to overcome hurdles around charging access, maintenance, and affordability.
Meta Bright inks deal with ChargeHere to accelerate energy business development in Malaysia
Malaysia-listed diversified energy conglomerate Meta Bright Group Berhad announced that its 100 percent-owned subsidiary Meta Bright Energy Sdn Bhd (MBE) has formalized a strategic joint venture with ChargeHere EV Solution Sdn. Bhd., an electric vehicle (EV) charging point operator, to accelerate energy business development in Malaysia.
VinFast India partners BATX Energies for high voltage battery recycling and repurposing
VinFast Auto India, the subsidiary of Vietnam-based electric vehicle (EV) manufacturer VinFast, has entered into a strategic agreement with BatX Energies, an Indian clean-tech company, for high voltage battery recycling and repurposing.
VinFast signs India’s RoadGrid to build charging and aftersales support
VinFast Auto India, the Indian subsidiary of Vietnamese electric vehicle (EV) firm VinFast, has announced a strategic service partnership with RoadGrid, a EV charging and aftersales solutions provider in the country, to build charging and aftersales support.
Grab and A2Z pilot autonomous shuttle bus in Singapore
Grab, Southeast Asia’s leading superapp, in collaboration with Autonomous A2Z (A2Z), a Korean full-stack autonomous vehicle technology manufacturer, announced Tuesday their first autonomous electric shuttle bus pilot in Singapore.
VinFast inks deal with myTVS to build robust after-sales service network across India
VinFast Auto India, the Indian subsidiary of Vietnam-based electric vehicle firm VinFast, has announced a strategic service collaboration signing with myTVS, an automotive service provider in the country.
Singapore’s Beam and Neuron to merge, solidifying APAC E-Scooter leadership
Singapore-based international e-scooter operators Beam Mobility and Neuron Mobility have signed a preliminary agreement as they work towards a merger that will solidify their micro mobility leadership in Asia Pacific.
Malaysia solidifies regional EV hub position with launch of $750M INV new materials pioneering battery separator facility
Malaysia’s ambitions to become Southeast Asia’s leading electric vehicle (EV) hub took a major leap forward with the official launch of MYR 3.2 billion ($750 million) INV New Material Technology Sdn. Bhd.’s cutting-edge lithium-ion battery separator facility.
Analysts foresee electric vehicles to gain tractions in Malaysia
Analysts have foreseen electric vehicles (EVs) to gain tractions in Malaysia underpinned by EVs-related investment in the country.
