Electric Vehicles & Mobility
India’s Alt Mobility raises $6M in funding co-led by Shell Ventures, Eurazeo, EV2 and Twynam
Alt Mobility, an India-based technology-enabled electric vehicle (EV) leasing and lifecycle management platform, has announced that it has raised $6 million in funding. The funding is co-led by Shell Ventures, Eurazeo, EV2 Ventures and Twynam.
Warren Buffet-backed China’s EV giant BYD debuts in Indonesia – report
BYD is also accelerating its overseas footprint by setting up production facilities in Brazil and Thailand (with an annual production capacity of 150,000 units each) and expanding its sales network in Europe, according to DBS Group Research.
A closer look at Warren Buffett-backed Chinese EV giant BYD’s plan in Malaysia
Besides BYD, several Chinese car makers such as Great Wall Motor, SAIC Motor and Geely have been expanding their footprint in Southeast Asia.
Careplus, GoAuto JV to commence $130M green technology facility in Malaysia
NexV Manufacturing Sdn Bhd (NMSB), a joint venture company between Malaysia-based glove maker Careplus Group Berhad and the automotive solutions provider GoAuto Group Sdn Bhd, will start the construction of a MYR 600 million ($129.17 million) green technology facility dedicated to manufacture and assembly of new energy vehicles, including electric vehicles…
Malaysia’s Warisan TC inks deal with China’s GAC AION to distribute EV in Malaysia
Malaysian passenger car rental firm Warisan TC Holdings Berhad (WTCH) has inked a deal with Chinese electric vehicles (EVs) manufacturer GAC AION New Energy Automobile Company Limited (GAC AION) to distribute EVs in Malaysia.
Vietnam’s VinFast launches electric bike in the United States
Vietnamese carmaker VinFast Auto has officially announcedthe rollout of the DrgnFly electric bike in the United States. The VinFast Drgnfly launches in the US market with prices expected to begin at $2,800.
VinFast to build $500M integrated electric vehicle facility in India
VinFast, Vietnam’s leading electric vehicle (EV) manufacturer, has signed an agreement to build an integrated electric vehicle facility in Tamil Nadu, India. The duo will work toward a total investment of up to $2 billion, with an intended commitment of $500 million for the first phase of the project, spanning five years from the commencement date.
Vietnam’s VinFast inks deal with initial independent dealers in US
VinFast, a Vietnam-based smart electric vehicle manufacturer, has on Tuesday announced that it has officially signed agreements with five dealers in four states across the country, and United States customers can now experience VinFast’s electric vehicles through these dealers. The firm expects to expand its dealer network to 125 points of sale across the…
EKA Mobility joins forces with Mitsui and VDL Groep to manufacture electric vehicles
EKA Mobility, an electric vehicles and technology company based in India, has announced a partnership with Japanese conglomerate Mitsui & Co., Ltd. and Netherlands-based industrial and manufacturing company VDL Groep to manufacture electric vehicles (EVs).
IFC partners with Karsan to help drive electric vehicle production, exports in Türkiye
IFC is providing €35 million ($38.73 milllion) loan to an automotive manufacturer in Türkiye Karsan to boost its production of electric vehicles (EVs), strengthen the sector's competitiveness, increase exports and create jobs. The investment will also help bolster Türkiye's transition to net zero.
