Electric Vehicles & Mobility

Vietnamese automaker VinFast Auto announced Wednesday that it will break ground at its integrated electric vehicle (EV) manufacturing site in Thoothukudi City, Tamil Nadu on Sunday (February 25), with a commitment of $500 million for the first phase.

GrabCar operates in 25 cities while GrabFood provides services to more than 100 cities nationwide, according to the report.

The Indonesian government aims for 600,000 EVs to be domestically produced by 2030. That would be more than 100 times the number sold in Indonesia in the first half of 2023.

Proton Car is the national car brand of Malaysia. The brand was established in the early 1980’s at the behest of the Malaysian government, and later reverted to semi-private ownership under DRB Hicom. In May 2017, Zhejiang Geely Holding Group and DRB-Hicom signed a deal that will see Zhejiang Geely Holding Group buy a 49.9 percent stake in Proton Cars.

Smart mobility provider, ACO Tech, has formalized a Memorandum of Collaboration (MoC) with Geno and the Malaysia Automotive, Robotics & IoT Institute (MARii) to explore the use of blockchain solutions for Malaysia’s electric vehicle (EV) infrastructure.

Vietnamese carmaker VinFast Auto has officially signed the letter of intent with five dealers in Indonesia. The signing marks an important step in expanding VinFast’s distribution network in the Indonesian market and strengthening its brand recognition and competitiveness globally.

Vietnamese car maker VinFast Auto has on Thursday debuted the company’s first range of right-hand drive electric vehicles at the Indonesia International Motor Show (IIMS) 2024.

Mober, a Philippine electric vehicle (EV) delivery company, has on Wednesday announced a $2 million seed funding round led by RT Heptagon Holdings (RTHH) under the leadership of Chairman and President Rex Tiri.

The electric vehicle (EV) market is on track for a watershed year in 2024 as emissions reduction targets clash with falling consumer spending amid enduring economic uncertainty, Rystad Energy said Wednesday. Rystad Energy research forecasts 17.5 million EV sales this year, an 18.5 percent annual increase.

Gogoro Inc., a Taiwan-based battery-swapping ecosystems firm has on Wednesday announced it was partnering with Latin American energy company Copec, to launch its battery swapping and Smartscooters in Chile and Colombia in the second quarter of 2024.