Indonesia’s first EV battery factory expected to come into operation next month

Indonesia’s first EV battery factory expected to come into operation next month

Indonesian President Joko Widodo (Jokowi) has told the media that the first electric vehicle (EV) battery factory in the country will begin operating in June.

Southeast Asia - Tue, May 7, 2024 | 10:15 pm

Indonesia aims at three-fold increase in EV sales this year

Indonesia aims at three-fold increase in EV sales this year

The Indonesian government has set a target for the sales of battery-based electric cars to reach 50,000 units in 2024.

Southeast Asia - Fri, May 3, 2024 | 8:36 am

Vietnamese billionaire reaffirms steadfast commitment to EV maker VinFast

Vietnamese billionaire reaffirms steadfast commitment to EV maker VinFast

Vietnam’s richest man, billionaire Pham Nhat Vuong, says he personally and the conglomerate that he chairs, Vingroup, will continue financing VinFast despite heavy losses incurred by the EV-maker since 2017.

Companies - Thu, April 25, 2024 | 5:32 pm

Thailand’s EV sales forecast to miss target

Thailand’s EV sales forecast to miss target

Electric vehicle (EV) sales in Thailand may fail to reach the estimate of 130,000 units this year as prices are likely to keep changing, according to Hyundai Mobility Thailand.

Southeast Asia - Sat, April 20, 2024 | 11:48 am

EV maker VinFast posts 270% revenue growth in Q1

EV maker VinFast posts 270% revenue growth in Q1

Vietnamese electric vehicle (EV) maker VinFast on Wednesday reported revenue growth of 269.7% year-on-year to $302.6 million in the first quarter of 2024.

Companies - Thu, April 18, 2024 | 9:29 am

VinFast begins sales of VF DrgnFly electric bike in United States

VinFast begins sales of VF DrgnFly electric bike in United States

VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, will begin selling its VF DrgnFly electric bike in the U.S. later this month, with a listed price of $2,599, the EV maker said Friday.

Companies - Fri, April 12, 2024 | 9:06 pm

Vietnam-China joint venture to build $800 mln automobile factory

Vietnam-China joint venture to build $800 mln automobile factory

Vietnamese conglomerate Geleximco and Omoda & Jaecoo Automobile, a subsidiary of Chinese state-owned automaker Chery Automobile, will jointly build an $800-million automobile factory in Vietnam's northern province of Thai Binh.

Industries - Thu, April 4, 2024 | 5:02 pm

Thailand eyes upgrading second-tier tourism areas

Thailand eyes upgrading second-tier tourism areas

The Tourism Authority of Thailand (TAT) wants to increase tourism in second-tier areas by improving small hotels and promoting electric vehicle (EV) travel, the Bangkok Post reported.

Southeast Asia - Tue, April 2, 2024 | 9:30 pm

Vietnam EV maker VinFast opens first dealership in Indonesia

Vietnam EV maker VinFast opens first dealership in Indonesia

Indonesian firm PT Gallerie Setia Utama has opened the country’s first VinFast dealership, marking a milestone for the Vietnamese electric vehicle (EV) maker.

Companies - Tue, April 2, 2024 | 7:32 pm

Indonesia seeks measures to reduce domestic EV prices

Indonesia seeks measures to reduce domestic EV prices

Indonesia will be able to cut domestic prices of electric vehicles by up to 30% by manufacturing its own EV batteries, said Minister of Industry Agus Gumiwang Kartasasmita.

Southeast Asia - Mon, April 1, 2024 | 10:22 pm

Thailand aims to become EV production hub

Thailand aims to become EV production hub

Thai Prime Minister Srettha Thavisin on Friday reiterated his government's policy to promote the domestic manufacturing of electric vehicles (EVs) and parts in order to drive national economy.

Southeast Asia - Sat, March 23, 2024 | 1:50 pm

VinFast inks EV distribution pact for Micronesia, launches EV charging stations venture

VinFast inks EV distribution pact for Micronesia, launches EV charging stations venture

VinFast, the electric vehicle arm of Vietnamese conglomerate Vingroup, said Wednesday that it has signed a cooperation agreement with Guam AutoSpot to distribute its EVs in Micronesia.

Companies - Wed, March 20, 2024 | 8:58 pm

Indonesia encourages use of electric vehicles

Indonesia encourages use of electric vehicles

Indonesia continues to push the use of electric vehicles (EVs) with the dream of bluer skies and cleaner air in the country.

Southeast Asia - Sat, March 16, 2024 | 2:30 pm

VinFast to attend motor shows in Thailand, Canada, sell EVs in Africa

VinFast to attend motor shows in Thailand, Canada, sell EVs in Africa

VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, will attend international motor shows in Thailand and Canada, and attempt to break into the African market this year.

Companies - Sat, March 16, 2024 | 10:22 am