Electric Vehicles & Mobility
China’s EVE Energy builds $422M EV batteries manufacturing facility in Malaysia
EVE Energy Co. Ltd., a China-based global lithium battery manufacturer, has on Monday announced the groundbreaking ceremony for its new manufacturing facility in Kulim, Kedah, Malaysia with an initial investment of $422 million. The new factory, which will be EVE’s 53rd, will focus on the production of cylindrical lithium-ion batteries to support power…
Ni Hsin EV Tech plans for IEO fundraising through utility tokens issuance for EV business
Ni Hsin EV Tech Sdn Bhd (NH EV TECH), a wholly owned subsidiary of Malaysia-listed firm Ni Hsin Group Berhad (Ni Hsin), has proposed to conduct an initial exchange offering (IEO) exercise through the issuance of utility tokens for its electric vehicle (EV) business.
Gentari partners BMW Group Malaysia for green mobility and renewable energy
Malaysian clean energy solutions provider Gentari Sdn Bhd (Gentari) has partnered automaker BMW Malaysia (BMW) to explore the implementation of green mobility services and solutions, as well as renewable energy deployment.
Temasek to invest $145M in Indian Mahindra & Mahindra EV unit
Singaporean state investor Temasek will invest INR 1,200 crore ($145.02 million) into Indian automaker Mahindra & Mahindra Ltd's electric vehicle (EV) unit for up to 3 percent stake.
Ni Hsin EV Tech partners foodpanda Malaysia for greener food delivery with EV motorcycles
Ni Hsin EV Tech Sdn Bhd (NH EV TECH), a wholly owned subsidiary of Malaysia-listed firm Ni Hsin Group Berhad, has partnered delivery platform foodpanda Malaysia for greener food delivery with electric vehicle (EV) motorcycles.
US’s SEC declares effective for Vinfast and Black Spade merger
Vietnamese automaker VinFast Auto Pte. Ltd. (VinFast) and special purpose acquisition company Black Spade Acquisition Co (Black Spade) have announced that the U.S. Securities and Exchange Commission (SEC) has declared effective the registration statement of their proposed business combination.
Nissan to invest $664M in Renault’s EV and software entity Ampere
Japanese automaker Nissan Motor Co. has committed to invest up to Euro 600 million ($664 million) in Ampere, Renault Group’s new electric vehicle (EV) and software entity in Europe. This investment opportunity aligns with Nissan's electrification strategy, creating multiple potential benefits and synergies that complement Nissan's own goals and initiatives…
Tesla to discuss factory plan for new $24,000 car with India commerce minister – report
The meeting with the commerce minister would be the highest level discussions between Tesla and the India government since June when Tesla founder Elon Musk met India's Prime Minister Narendra Modi and said he intended to make a significant investment in the country, according to Reuters.
Tesla’s entry into Malaysia could lead to structural change in local automotive industry but lack of charging hubs remains a challenge
Electric vehicle maker Tesla’s entry into Malaysia not only impacts the EV space but also encroaches into the traditional internal combustion engine (ICE) vehicle market. Having enough charging points is still the first step for the adoption of EV in Malaysia.
Ni Hsin partners Australia’s Vmoto for EV motorcycles assembly and distribution in Malaysia
Ni Hsin EV Tech Sdn. Bhd. (NH EV TECH), a wholly-owned subsidiary of Malaysia-listed Ni Hsin Group Berhad (Ni Hsin), has partnered with VMOTO LIMITED (VMOTO), an Australia-listed listed electric motorcycles company, to assemble and distribute VMOTO electric vehicle (EV) motorcycles models in Malaysia.
