Indonesia’s year-long charm offensive to court investment from billionaire Elon Musk, seems to have hit a road block by the businessman’s decision to house Tesla’s Southeast Asian headquar…
Automotive
China, ASEAN countries constantly enhance cooperation on automobile industry
Statistics showed that China’s vehicle exports to ASEAN grew 48 percent year-on-year to $5.8 billion last year, accounting for 26 percent of ASEAN’s vehicle imports. In the first five mont…
Vietnamese Tesla Challenger VinFast Begins Domestic Deliveries Of SUV; US Sales Will Reportedly Start In December
Vietnam-based car manufacturer VinFast, which has pivoted to electric vehicles, began deliveries of its first batch of electric SUVs to domestic customers. What Happened: The first batch of 100 EVs we…
Why is Vietnam’s VinFast Building an EV Factory in the United States?
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…
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…