Electric Vehicles & Mobility
Indonesia President Jokowi wants Tesla to make cars locally, not just batteries – report
Jokowi previously said the government aims to establish an “integrated EV ecosystem” that would include such industry activities as metals mining, battery production and car assembly.
South Korea’s SK backs US-based Atom Power with $100M funding
Atom Power, the United States-based startup to digitize power delivery, said Thursday it has closed a $100 million growth round from SK Inc. and SK Energy, South Korean investors in transformative energy technologies.
Proton finalizes deal to sell Smart Automobile Co’s electric vehicles in Malaysia & Thailand
Malaysian automaker Proton on Thursday formalized its deal to sell and service vehicles from premium electric vehicle (EV) brand Smart Automobile Company (smart) in Malaysia and Thailand by signing a general distributorship agreement.
Muvmi aims to solve last-mile connection in Southeast Asian cities with greener ride-sharing services, starting with Bangkok
MuvMi is eyeing a 10 times growth as the company looks to expand into other major cities in the country.
Yinson signs MOU with GoCar to provide charge EV solutions and services to GoCar users
Yinson GreenTech (YGT), the green technologies division of Yinson Holdings Berhad, through its joint venture company Green EV Charge Sdn Bhd has signed a memorandum of understanding (MOU) with GoCar Mobility Sdn Bhd (GoCar) to provide charging infrastructure facilities and solutions, along with customer care services to GoCar users.
India’s River rasies $11M Series A funding led by Lowercarbon Capital
River, an India-based startup that builds electric two-wheelers, announced on Tuesday an $11 million Series A fundraise led by Chris Sacca’s Lowercarbon Capital in participation with Toyota Ventures and existing investors Maniv Mobility and Trucks VC, bringing the total funding to $13 million.
Vietnam’s VinFast to focus on US, European EV markets before expanding in Southeast Asia
VinFast owns an automotive manufacturing complex that boasts up to 90 percent automation in Hai Phong, Vietnam. Capacity is 250,000 cars annually.
New World Development, Shell & Sime Darby Motors commit $6.37M to New World Green Transport Alliance
New World Development Company Limited (NWD) announced Thursday that the group has initiated the New World Green Transport Alliance (NWGTA) and signed a memorandum of understanding (MOU) with Shell Hong Kong Limited (Shell) and Sime Darby Motors Group, who joined hands to commit HK$50 million ($6.37 million) to the alliance over a three-to-five-year period.
India’s Ola to invest $500M in battery innovation and indigenous cell R&D
la Electric, India’s largest electric vehicles (EV) company, announced Monday the investment of $500 million for setting up its state-of-the-art battery innovation center (BIC) in Bangalore. BIC will be one of the world’s largest and most advanced cell research and development (R&D) facilities with more than 165 unique and cutting-edge lab equipment to…
Vietnam’s VinFast opens six stores in California
Vietnamese electric vehicle manufacturer VinFast announced Friday the simultaneous opening of the first six VinFast Stores in California. In 2022, the firm will continue to open more than 30 stores in California, while also exploring expansion to other states across the United States.
