Electric Vehicles & Mobility
Malaysia’s EPMB invests $21M for new EV car manufacturing facility in Melaka
Malaysia-listed EP Manufacturing Berhad (EPMB) has announced that it will invest MYR 100 million ($20.98 million) to build an automotive manufacturing facility in Melaka, Malaysia. This strategic move is part of EPMB commitment to establishing a manufacturing hub for energy-efficient vehicles (EEVs) and electric vehicles (EVs) in Malaysia, contributing…
Vietnam’s VinFast enters into $1B share sale agreement with Yorkville Advisors
VinFast Auto Ltd. (VinFast) on Friday announced that it has entered into a standby equity subscription agreement with YA II PN, Ltd.(Yorkville). The subscription agreement highlights that VinFast has the option, but not the obligation, to require Yorkville to subscribe for up to $1 billion of ordinary shares in VinFast at any time during the term of the…
Malaysia’s Plus partners Gentari to roll out modular, portable EV fast charging station with BESS at Behrang Lay-by
Malaysian expressway service provider PLUS Malaysia Berhad (PLUS) has partnered clean energy solutions provider Gentari Sdn Bhd to launch the electric vehicles (EV) fast charging modular and portable station with battery energy storage system (BESS), at the Behrang Lay-by (Northbound).
Malaysia’s Ni Hsin inks deal with USM, FOCUS and TAILG to promote electric mobility
Ni Hsin EV Tech Sdn. Bhd. (NH EV TECH), a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (Ni Hsin), has signed a collaboration cum donation agreement (CDA) with Universiti Sains Malaysia (USM), Focus Applied Technologies Sdn Bhd (FOCUS) and Dongguan Tailing Electric Vehicle Co., Ltd. (TAILG), with the aim to assist Malaysia to promote…
Vietnamese EV maker VinFast to expand into Southeast Asia, raising more capital – report
Southeast Asia has a lot of potential with governments looking to boost EV adoption with aggressive targets, VinFast Chief Executive Officer Le Thi Thu Thuy said.
Budget 2024: Malaysia federal govt plans to adopt EVs as official vehicles
The government will also strengthen the venture capital environment through the centralization of venture capital agencies such as Penjana Kapital and MAVCAP under the sovereign wealth fund Khazanah Nasional Berhad.
Vietnam’s GSM expands to Lao electric vehicle ride-hailing service market
Vietnam’s Green and Smart Mobility JSC. (GSM) has imported 150 VinFast electric cars into the Lao market in preparation to launch its electric taxi service under the brand Green SM. Green SM plans to introduce its electric taxi services in Laos by 2023, with 1,000 VF 5 Plus and VF e34 electric cars making up its fleet.
Malaysia’s Sime Darby Motors partners Gentari to drive green mobility and clean energy solutions
Malaysian automotive player Sime Darby Motors (SDM) has partnered with clean energy firm Gentari Sdn Bhd to accelerate the building of Electric Vehicle (EV) charging stations and infrastructure across Sime Darby Motors’ network as well as in other publicly accessible locations alongside other supplementary initiatives.
Malaysia’s DRB-Hicom and China’s Geely set framework for development of Automotive Hi-Tech Valley
Malaysian conglomerate DRB-Hicom has inked master collaboration agreement (MCA) with Chinese automkaer Zhejiang Geely Holdings Group for the development of the Automotive High-Technology Valley (AHTV) project in Malaysia.
Vietnam’s VinFast net loss increases despite rising revenues
Vingroup JSC automaker arm VinFast Auto Ltd, has reported higher net loss in the third quarter despite rising revenues. The firm's net loss for the quarter stood at $622.9 million, representing an increase of 33.7 percent from the third quarter of 2022 and an increase of 19.7 percent from the second quarter of 2023.
