Earlier this year, Vietnamese automaker VinFast, a subsidiary of the massive Vingroup conglomerate, announced it is planning to build a $2 billion electric vehicle (EV) production facility in North Ca…
Automotive
India launches $3.5b incentives for green cars
India will splash 257 billion rupees ($3.5 billion) on incentives for the auto sector to boost production of clean cars, the government said Wednesday, as it seeks to cut greenhouse gas emissions as p…
Malaysia’s Carsome Reaches $1.3 Billion Valuation In Funding Round From MediaTek And Others
Carsome Group, an online platform for buying and selling used cars, said on Wednesday that it had become Malaysia’s largest tech unicorn after a $170 million funding round boosted its valuation to $1.…
Why road freight is gaining traction in the SEA supply chain
In the supply chain, air freight is often considered the fastest mode of travel. However, road freight is now increasingly growing in demand in Southeast Asia. More businesses are now seeing road frei…
Tree Technologies inks deal to supply 200,000 e-bikes to Indonesia
Tree Technologies Sdn Bhd (Treeletrik), a Malaysian home-grown electric vehicles (EV) maker with a presence in the Asean market and a subsidiary of Nasdaq-listed Ideanomics, has signed a partnership t…
Rubber Scarcity Creates New Headache for Beleaguered Automakers
Automakers struggling with pandemic-induced plant shutdowns and a global chip shortage are now confronting another supply chain headache: dwindling rubber supplies. Snarled shipping lines are disrupti…
Global Auto Markets Begin to Emerge From Pandemic Slowdown
New-car sales in Europe rose last month for the first time this year, a sign that the global auto industry is slowly beginning to pull out of its worst slump in decades. Yet even as consumers return t…
A Billionaire Is Bringing Electric Motorbikes to Vietnam
Vietnamese billionaire Pham Nhat Vuong wants to help his nation’s 96 million motorbike riders go green, replacing their noisy gas guzzlers with electric scooters. VinFast, a subsidiary of Vuong’s Ving…
Michelin to suspend U.S., Canada tire production
Michelin North America Inc. has begun to idle some of its tire plants in the U.S. and Canada as part of a “phased” suspension of manufacturing that will last for at least two weeks. The mo…
Malaysia’s National Automotive Policy 2020: Salient Features
On February 21, 2020, Malaysia launched the National Automotive Policy 2020 (NAP 2020), which aims to propel the country to become a regional leader in automotive manufacturing. The policy is an enhan…