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2024-12-23 08:25:52

Analysts foresee increased localization investment in Malaysia’s EV sector next year
Analysts have foreseen increased localization investment from original equipment manufactures (OEMs) in Malaysia electric vehicle (EV) sector next year as incentives for completely built up (CBU) EVs are set to expire. Maybank Investment Bank said in its recent report that it expects to see more EV developments in Malaysia next year. This comes as the import duty and excise duty exemptions...

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2024-12-10 06:57:48

CATL reshuffles leadership as it braces for NEV market surge
The world’s leading battery maker restructures to focus on passenger car solutions as it prepares for a surge in demand for new energy vehicles in 2025. Entering 2025, Contemporary Amperex Technology (CATL) is reshaping its passenger car business, positioning itself for the anticipated surge in new energy vehicle (NEV) adoption. Key changes include the transition of seasoned leaders...

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2024-12-15 09:28:19

China’s BYD marks 30th year by chasing four-million-car milestone
The EV maker dominates its home market but only sells about 10% of its vehicles abroad. In 1995, well before BYD ever made a single car, founder Wang Chuanfu placed a globe in his office. It remains a fixture even today, according to Wang, as China’s top electric vehicle company tries to make a name for itself worldwide. BYD, which marked its 30th anniversary in November, is the global...

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2024-12-17 03:42:29

Malaysian automaker Proton launches first electric vehicle
Malaysia-based national automotive brand Proton has launched the company’s and the nation’s first electric vehicle (EV). Proton said in a statement on Monday that it took its highly anticipated first step into the EV market when its new energy vehicle arm PRO-NET launched the Proton e.MAS 7. It said the event marked a new chapter in advancing Malaysia’s commitment to...

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2024-12-17 04:25:07

Maybank sees VinFast Indonesia faces intense competition across BEV segment
Maybank Investment Bank said Tuesday that it sees VinFast Indonesia faces intense competition across battery electric vehicles (BEV) segment in Indonesia due to its relatively weak brand recognition. Maybank said in a note that in the competitive five-seater BEV segment, VinFast faces challenges from established Chinese brands like BYD, Wuling, Chery, MG, and Neta in Indonesia. Despite this,...

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2024-11-11 15:07:44

SINGAPORE'S TADA LAUNCHES RIDE-HAILING SERVICES IN THAILAND TO TAKE ON GRAB
Thailand’s ride-hailing market is expected to intensify with the debut of Singapore-based ride-hailing firm Tada on Wednesday. The service covers Bangkok now and is will expand to Nonthaburi, Pathum Thani and Samut Prakan in the near future, local media Bangkok Post reported on Thursday. According to the report, Thailand is the company’s fourth market. Tada...

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2024-12-23 08:21:56

Toyoda Gosei acquires stake in EV Motors Japan
Japan-based automotive components manufacturer Toyoda Gosei Co., Ltd. has acquired a stake in EV Motors Japan Co., Ltd. (EVM-J), a startup engaged in the development and sales of commercial electric vehicles such as trucks and buses. Toyoda Gosei said in a statement on last Friday that the commercial electric vehicles (EVs) developed by EVM-J achieve lower power loss during acceleration and...

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2024-11-25 04:01:12

Vietnam’s EV maker VinFast officially delivers VF 5 electric cars in Indonesia
VinFast Auto has officially launched the delivery of its electric VF 5, at the Gaikindo Jakarta Auto Week, held from Nov 22 to Dec 1, 2024. This is the second electric car model VinFast has delivered in Indonesia, reinforcing its mission to make electric vehicles accessible for all and contributing to the green transportation revolution in Indonesia and throughout the region, the company said...

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