Electric Vehicles & Mobility
VinFast and Black Spade complete business combination
Vietnamese automaker VinFast Auto Ltd. (VinFast) and Black Spade Acquisition Co (Black Spade) have on Monday announced the completion of their previously announced business combination. The listed company shares and warrants will commence trading on the Nasdaq Stock Market LLC (Nasdaq) under the ticker symbols “VFS” and “VFSWW,” respectively, on August 15,…
Taiwan’s Gogoro posts lower net loss of $5.6M in second quarter
Taiwanese battery-swapping refueling platform Gogoro saw its net loss for the second quarter of 2023 fall to $5.6 million from $121.1 million a year ago. The group registered a revenue of $87.2 million in the second quarter, down 3.8 percent year-over-year but up 0.2 percent year-over-year on a constant currency basis.
Black Spade’s shareholders approve business combination with VinFast
Vietnamese automaker VinFast Auto Ltd. (VinFast) and Black Spade Acquisition Co (Black Spade) have on Thursday announced that their previously announced business combination was approved at an extraordinary general meeting (EGM) of Black Spade’s shareholders. The business combination is expected to close on August 14, 2023.
China’s EVE Energy builds $422M EV batteries manufacturing facility in Malaysia
EVE Energy Co. Ltd., a China-based global lithium battery manufacturer, has on Monday announced the groundbreaking ceremony for its new manufacturing facility in Kulim, Kedah, Malaysia with an initial investment of $422 million. The new factory, which will be EVE’s 53rd, will focus on the production of cylindrical lithium-ion batteries to support power…
Ni Hsin EV Tech plans for IEO fundraising through utility tokens issuance for EV business
Ni Hsin EV Tech Sdn Bhd (NH EV TECH), a wholly owned subsidiary of Malaysia-listed firm Ni Hsin Group Berhad (Ni Hsin), has proposed to conduct an initial exchange offering (IEO) exercise through the issuance of utility tokens for its electric vehicle (EV) business.
Gentari partners BMW Group Malaysia for green mobility and renewable energy
Malaysian clean energy solutions provider Gentari Sdn Bhd (Gentari) has partnered automaker BMW Malaysia (BMW) to explore the implementation of green mobility services and solutions, as well as renewable energy deployment.
Temasek to invest $145M in Indian Mahindra & Mahindra EV unit
Singaporean state investor Temasek will invest INR 1,200 crore ($145.02 million) into Indian automaker Mahindra & Mahindra Ltd's electric vehicle (EV) unit for up to 3 percent stake.
Ni Hsin EV Tech partners foodpanda Malaysia for greener food delivery with EV motorcycles
Ni Hsin EV Tech Sdn Bhd (NH EV TECH), a wholly owned subsidiary of Malaysia-listed firm Ni Hsin Group Berhad, has partnered delivery platform foodpanda Malaysia for greener food delivery with electric vehicle (EV) motorcycles.
US’s SEC declares effective for Vinfast and Black Spade merger
Vietnamese automaker VinFast Auto Pte. Ltd. (VinFast) and special purpose acquisition company Black Spade Acquisition Co (Black Spade) have announced that the U.S. Securities and Exchange Commission (SEC) has declared effective the registration statement of their proposed business combination.
Nissan to invest $664M in Renault’s EV and software entity Ampere
Japanese automaker Nissan Motor Co. has committed to invest up to Euro 600 million ($664 million) in Ampere, Renault Group’s new electric vehicle (EV) and software entity in Europe. This investment opportunity aligns with Nissan's electrification strategy, creating multiple potential benefits and synergies that complement Nissan's own goals and initiatives…
