Electric Vehicles & Mobility

Carro, Southeast Asia's largest online used car platform, has on Thursday announced its acquisition of Beyond Cars, one of the leading used car platforms in Hong Kong. With Hong Kong under its belt, the firm is now present in a total of seven markets, including Singapore, Malaysia, Indonesia, Thailand, Japan, and Taiwan.

Vietnamese carmaker VinFast Auto has officially signed a dealer sales agreement with Bahwan Automobiles Trading LLC (BAT) for the distribution of electric vehicles in the Oman market. This event signifies not only VinFast's initial operation in the Middle East region but also a significant step in the VinFast’s global expansion.

Geely-backed Polestar Automotive Holding UK PLC, the Swedish electric performance car brand, has on Wednesday announced that it has secured $950 million in external funding. The financing is being provided by 12 leading international banks including BNP Paribas, Natixis, Standard Chartered, BBVA, HSBC and SPDB, in the form of a three-year loan facility.

"This suggestion is being fine-tuned by the Finance Ministry," deputy minister said.

GetGo, Singapore’s car-sharing platform, and SBSTransit, a bus and rail operator in Singapore, have announced a new partnership to promote seamless and sustainable mobility solutions for a car-lite Singapore. Both companies have committed to jointly promote car-sharing for better first- and last-mile connectivity to or from SBS Transit’s islandwide rail and…

VinFast, a Vietnam-based electric vehicle manufacturer, has officially broke ground on its first integrated electric vehicle (EV) manufacturing facility in the state of Tamil Nadu, India. The electric vehicle facility boasts a total initial investment of $500 million over five years, with a projected capacity of 150,000 vehicles annually.

Tenaga Nasional Berhad (TNB), a Malaysia-based energy company, is pioneering a bold step towards a sustainable future by committing to electrify 30 percent of its operational fleet by 2030 as part of an extensive carbon reduction strategy.

Malaysian clean energy solutions provider Gentari Sdn Bhd, through its subsidiary Gentari Green Mobility Sdn Bhd (Gentari), has launched Gentari Go, a customer experience platform offering an integrated sustainable lifestyle by unifying Gentari’s clean energy ecosystem.

Yulu, India’s largest shared electric two-wheelermobility company, has on Friday announced the successful equity infusion of $19.25 million in its business. The funds have been raised via further issuance of shares to Yulu’s existing strategic investors Magna and Bajaj Auto Ltd.