Electric Vehicles & Mobility
Indian e-mobility startup Magenta Mobility raises $22M from bp and Morgan Stanley India Infrastructure
Indian e-mobility firm Magenta Mobility has secured $22 million equity investment from bp ventures, the venture capital arm of United Kingdom-based oil and gas firm bp, and Morgan Stanley India Infrastructure, the Indian infrastructure arm managed by the United States-based investment bank Morgan Stanley.
Malaysia’s Proton plans for comprehensive new energy vehicle solutions
Malaysian national car maker Proton said Monday its New Energy Vehicle (NEV) model plan is confirmed during the visit by Minister of International Trade and Industry (MITI) Tengku Zafrul Aziz to Zeekr Intelligent Factory in Hangzhou Bay, Ningbo, China.
Indonesia cuts VAT on electric vehicles drastically to 1% – report
The incentive came into effect this month and will remain in place until the end of the year, the Coordinating Ministry of Maritime and Investment Affairs said in a statement.
Malaysia secures $38.4B worth of investment commitments from China, PM Anwar says
Other MOUs sealed were between Digital Way Group Sdn Bhd, China Silk Road Group Ltd and China Kairous Capital to jointly establish a Malaysia-China digital and development fund in China and Malaysia.
Malaysia’s DRB-Hicom partners China’s Geely to develop Automotive High-Tech Valley in Malaysia
Malaysian automotive manufacturer and distributor DRB-Hicom Berhad and China's Zhejiang Geely Holding Group Co Ltd (Geely) have signed a Heads of Agreement (HOA) to reinforce the next phase of collaboration between the two companies for the development of the Automotive High-Tech Valley (AHTV) in Malaysia.
VinFast to deliver electric SUVs in Vietnam; eyes overseas deliveries
Vietnamese carmaker VinFast said Thursday that it will begin delivering its new electric sport utility vehicles (SUVs) in Vietnam this week.
Malaysia’s Blueshark launches initiative to accelerate electric motorcycles adoption and development
Malaysia-based electric vehicle (EV) tech mobility company Blueshark has announced a new program called Malaysia Electric Vehicle Empowerment (MyEVE) to accelerate the adoption and development of electric motorcycles in Malaysia.
Singapore’s Carro to give away a brand-new Hyundai IONIQ 5 EV
Singapore-based used car marketplace Carro is giving away a brand-new, made-in-Singapore Hyundai IONIQ 5 electric vehicle.
GSM invests in Be Group to expand electric car services in Vietnam
Green and Smart Mobility Joint Stock Company (GSM), a company founded by the owner of Vietnamese electric vehicle (EV) maker VinFast, and Be Group, a Vietnamese technology company, have signed an investment and cooperation agreement to deploy electric cars and motorbikes in transportation services in Vietnam for the first time.
Saving the planet one ride at a time: The rise of green energy transportation
The rise of green energy transportation is an encouraging step in our transition toward a more sustainable future. Companies and governments around the world taking proactive measures to reduce their carbon footprint and invest in renewable sources. These initiatives reduce emissions while safeguarding our planet for future generations.
