Electric Vehicles & Mobility
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.
China’s EV boom signals the end of the age of oil
China boasts the world’s largest EV market and a 2000 km EV road trip across the country by Bloomberg News offered a glimpse of the end of the age of oil.
Four Chinese EV makers ready to start production in Indonesia – report
The four EV producers have also expressed their readiness to follow the regulations in Indonesia, including complying with the 40 percent domestic component level rule.
Uber Eats teams up with Gogoro in Taiwan for Green Delivery Program worth nearly $30M
Gogoro Inc., a Taiwan-based technology player in battery-swapping ecosystems, has partnered global online food ordering and delivery platform Uber Eats for Green Delivery Program worth nearly $30 million. The program will make it easier and more affordable for Uber Eats delivery partners to switch to electric scooters.
VinFast and Marubeni collaborate to repurpose EV batteries
VinFast, Vietnam’s leading electric vehicles manufacturer, and Marubeni Corporation, a major Japanese trading and investment conglomerate, have partnered to explore opportunities in the secondary use of electric vehicle (EV) batteries and the potential to establish a circular economy model.
The race to overcome barriers to EV adoption
The global enthusiasm towards #EVs is undeniable, with the #APAC region emerging as an important growth sector. While challenges persist, collaborative efforts and technological innovations in charging infrastructure, #grid stability, and R&D will pave the way for overcoming the barriers to #EV adoption.
Careplus partners GoAuto to set up EV plant in Malaysia
Malaysia-based glovemaker Careplus Group Berhad is partnering electric vehicle (EV) mobility firm GoAuto Group to set up an EV plant in Malaysia with gross development value (GDV) of the about MYR 600 million ringgit ($128 million).
