Electric Vehicles & Mobility

Vietnam’s VinFast receives $1.2B incentives for US manufacturing hub in North Carolina

Vietnamese electric vehicle manufacturer VinFast announced Thursday it has received a $1.2 billion incentive package from the State of North Carolina for its electric vehicle manufacturing project in the United States.

Vietnam’s VinFast to raise $4B for US manufacturing facility via banks

Vietnamese electric vehicle manufacturer VinFast said Wednesday it has signed international financing agreements with Credit Suisse and Citigroup in order to raise $4 billion capital for the development of its planned manufacturing facility in North Carolina and its business activities in the United States (U.S.) market.

Vietnam’s Vinfast invests in solid-state battery manufacturer ProLogium

VinFast, through a company in Vingroup, announced Wednesday an investment in the tens of millions of US dollars in ProLogium, a global leading manufacturer in next-generation solid-state battery. It also entered into a memorandum of understanding with ProLogium setting out strategic cooperation arrangements to secure next-generation solid-state battery…

How data connectivity is driving the future of the automotive industry

As systems evolve towards fully autonomous driving, data-driven services, and much greater personalization in the software-defined car, robust, high-performance, and secure connectivity will become increasingly indispensable.

Vietnam’s VinFast plans to open more than 50 stores in Europe

VinFast, the electric vehicle (EV) manufacturer of Vietnam-based Vingroup, said Monday it has announced its plan to open more than 50 VinFast Stores across Germany, France and the Netherlands. The reveal came at the European premiere of its VF 8 and VF 9 smart electric vehicles at EVS35.

Tesla sacks Singapore country manager after Elon Musk warns of 10% job cut

"Tesla announced a 10 percent of workforce reduction. My role was chosen to be eliminated as of today," the firm's country manager in Singapore Christopher Bousigues wrote in a LinkedIn post on Sunday.

Gozem and IFC partner to empower 6,000 Moto-Taxi drivers in Togo and Benin

Gozem and IFC join forces to co-develop a $10 million project that will enable Moto-Taxi drivers in Togo and Benin to access affordable vehicle financing to purchase or rent bikes with the ultimate goal of increasing their take-home income. The project will also validate that electric bikes are a suitable replacement for the current petrol bikes and that…

Alpha JWC expects E2W vehicles to be widely adopted in Indonesia soon; open for future opportunities in EV sector

E2W is highly potential, especially in Indonesia with its large market and increasing demand for motorbikes. The trends projected that E2W will be adopted widely soon, and with our superior proposition, we can provide the best-in-class options to cater to this,” Alpha JWC Ventures Co-Founder and General Partner Chandra Tjan told TechNode Global.

Feeling ‘super bad’ about economy, Elon Musk wants to cut 10% of Tesla jobs, pauses hiring – report

The message also came two days after the world's richest man told employees to return to the workplace or leave the company.