Electric Vehicles (EV) Tag

27 Oct Toyota, Mitsubishi, and Others to Support Thailand’s Decarbonization

Posted at 11:52 by Jordy Leo

Representatives from leading Japanese and Thai enterprises, including Toyota Motor [TM:US] and PTT [PTT:TB], discussed possible collaborations in decarbonization technologies such as hydrogen power and electric vehicles (EVs), as reported by Nikkei Asia on October 21. Around 15 companies participated in the inaugural Japan-Thailand Energy...

20 Oct Indonesia’s SOEs to Switch to 100% Electric Automobiles in Three Years

Posted at 12:18 by Jordy Leo

Indonesia is setting a three-year deadline for all state-owned enterprises (SOEs) to use only electric vehicles (EVs), as reported by Bloomberg on October 17. SOEs may choose to rent EVs or borrow funds to purchase EVs to meet the requirement. The Indonesian government will also...

13 Oct INSIGHT | Next Low-carbon Generation for Transportation Sector

Posted at 16:53 by Tina Zhang

The transportation sector, one of the main contributors to global carbon emissions, produces a quarter of the global greenhouse gas (GHG) emissions. Due to the various sub-industries under this sector, the report will mainly focus on the lifecycle of light-duty vehicles and explore low-carbon transition...

13 Oct Indian Banks Considers Including Electric Vehicles, Green Hydrogen in Priority Lending

Posted at 13:52 by Jordy Leo

Some banks in India have proposed introducing loans towards electric vehicles (EVs) and green hydrogen projects to the priority sector lending (PSL) list, as reported by Economic Times on October 10. According to these banks, classifying such loans under the PSL scheme could fill financing...

12 Oct Indonesia Mulls EV Purchase Subsidies in 2023 to Ramp up Sales

Posted at 14:47 by Jordy Leo

Indonesia is considering the introduction of subsidy for electric vehicles (EVs) purchases next year, in a move to ramp up demand for EVs and reduce air pollution, as reported by Bloomberg on October 10. According to Transport Minister Budi Karya Sumadi, the government is deciding...

12 Oct China’s Gotion to Build USD2.36bn Plants to Manufacture Battery Materials in Michigan

Posted at 14:29 by Lexy Li

Chinese electric vehicle (EV) battery provider Gotion High-Tech [002074:CH] will spend USD2.36bn to develop a battery material production factory in Michigan to extend its footprint in North America, as reported by Caixin Glocal on October 7. According to a statement from the Michigan state government, the...

27 Sep Foxconn to Set up Indonesian JV to Manufacture EVs and Batteries

Posted at 16:37 by Lexy Li

Hon Hai Precision Industry [2317:TT], commonly known as Foxconn, will establish a joint venture (JV) in Indonesia with local energy company Indika Energy [INDY:IJ] to build electric vehicles (EVs) and batteries, as reported by Nikkei Asia on September 23. Foxconn would invest USD1.75m in the JV...

26 Sep Chinese EV Maker Leapmotor to Raise USD800m with Hong Kong IPO

Posted at 19:18 by Lexy Li

Chinese electric vehicle (EV) manufacturer Zhejiang Leapmotor Technology (Leapmotor) will price its Hong Kong initial public offering (IPO) at HKD48 (USD6.12) per share with a goal of raising USD800m, as reported by Reuters on September 25. Leapmotor said last week that it planned to sell...

21 Sep China to Issue Rules to Strengthen NEV Battery Recycling Management

Posted at 15:10 by Lexy Li

China’s Ministry of Industry and Information Technology (MIIT) will expedite the formulation of management guidelines for recycling new energy vehicle (NEV) batteries, as reported by China Daily on September 19. According to MIIT official Huang Libin, the ministry will keep looking for technical advancements in...

15 Sep BYD to Launch Three EV Models to Strengthen Presence in Japan

Posted at 13:26 by Lexy Li

China’s car maker BYD [1211:HK] is planning to launch three new models of electric vehicles (EVs) in 2023 in Japan, as reported by Nikkei Asia on September 13. In January 2023, BYD will sequentially release the midsize sport utility vehicle Atto 3, the hatchback compact...

15 Sep Honda Motor to Ramp up Electric Motorcycle Production

Posted at 11:05 by Jordy Leo

Japanese automaker Honda Motor [7267:JP] announced a plan to release more than ten electric motorcycle models globally over the next three years, as reported by Reuters on September 13. The company has set a goal to achieve carbon neutrality for all its motorcycles by the...

14 Sep China’s BYD to Build an EV Factory in Thailand by 2024

Posted at 13:04 by Jordy Leo

Chinese top electric vehicle (EV) maker BYD [002594:CH] signed a contract with Thai industrial estate developer WHA Group [WHA:TB] to build a factory for new energy passenger cars in an industrial park run by the developer, as reported by Reuters on September 8. This is...

01 Sep Indonesia EV supplier VKTR Mulls USD45m IPO

Posted at 10:38 by Lexy Li

Indonesia’s electric vehicle (EV) technology company PT VKTR Teknologi Mobilitas (VKTR), a subsidiary of PT Bakrie & Brothers [BNBR:IJ], announced its plan to raise USD45m through an IPO on the Indonesia Stock Exchange in November, as reported by Nikkei Asia on August 30. The company...

31 Aug POSCO Finishes Construction of EV Battery Recycling Plant in Poland

Posted at 15:55 by Lexy Li

South Korea’s POSCO Holdings [005490:KS] has finished building a recycling facility for electric vehicle (EV) batteries in Poland, as reported by the Korea Economic Daily on August 26. This facility, which is situated in Brzeg Dolny, can treat 7,000 tons of used batteries and production...

25 Aug Australia to Introduce Rules on Vehicle Emissions and Promote EV Sales

Posted at 14:01 by Jordy Leo

The Australian government announced a plan to lay out new regulations targeting vehicle carbon emissions to promote the use of electric vehicles (EVs), as reported by Reuters on August 19. According to the Minister for Energy and Climate Change, Chris Bowen, the government will issue...