AsiaBusinessOutlook >> Ferrari to Source their EV Batteries from South Korea's SK On

Luxury sports car manufacturer Ferrari has initiated a preliminary agreement with its electric-vehicle (EV) battery supplier SK On to further expand their collaboration. SK On, based in South Korea, has been supplying battery cells for Ferrari mod..., Ferrari to Source their EV Batteries from South Korea's SK On

AsiaBusinessOutlook >> Startup Stairs, AVPL & Victory Int. Collaborates to Build EV Ecosystem

Gurugram-based Startup Stairs Private Limited, AITMC Ventures Limited (AVPL) and Victory Electric Vehicles International Limited today announced a strategic partnership to build a nationwide, franchise-led ecosystem focused on electric vehicle, Startup Stairs, AVPL & Victory Int. Collaborates to Build EV Ecosystem

AsiaBusinessOutlook >> Chinese EV maker Li Auto to raise $2Bn from U.S. investors in a new stock offering

Chinese electric vehicle maker Li Auto said that it plans to raise $2 billion from U.S. investors through an “at-the-market” stock offering, in which share prices are determined at the time they’re sold..., Chinese EV maker Li Auto to raise $2Bn from U.S. investors in a new stock offering

AsiaBusinessOutlook >> Indonesia To Incentivize EV Sales To Attract Investments

Indonesia will provide incentives to increase EV sales beginning March 20, as part of efforts to accelerate adoption and attract investment from companies such as Tesla, said senior cabinet minister Luhut Pandjaitan on Monday. According to Industr..., Indonesia To Incentivize EV Sales To Attract Investments

AsiaBusinessOutlook >> EV Sales in China Show Substantial Numbers post Subsidies Removal

The market research firm Rho Motion reported that despite the end of subsidies, electric-vehicle sales are showing strong global growth, with China seeing record monthly sales in October. In 2022, China discontinued an 11-year subsidy program for ..., EV Sales in China Show Substantial Numbers post Subsidies Removal

AsiaBusinessOutlook >> Xiaomi Adds $7.6B to Its Market Capitalization after Latest EV Launch

Shares of China's Xiaomi saw a remarkable surge of up to 16 per cent on Tuesday (Apr 2), propelled by strong interest in the electronics maker's recently launched electric vehicle. Despite a brokerage's forecast of significant losses per car this ..., Xiaomi Adds $7.6B to Its Market Capitalization after Latest EV Launch

AsiaBusinessOutlook >> VinFast's India Entry Begins with $2B EV Plant in Tamil Nadu

The multinational company VinFast (Vietnamese electric vehicle (EV) major) will be launching its new car assembly unit in Tamil Nadu by the end of June., VinFast's India Entry Begins with $2B EV Plant in Tamil Nadu

AsiaBusinessOutlook >> VinFast Ties Up with myTVS for Service Expansion in India

VinFast Auto India, the Indian arm of Vietnam-based EV manufacturer VinFast, has partnered with myTVS in a strategic collaboration to increase its after-sales services in India. The agreement will form 120 Extended Service Workshops bes..., VinFast Ties Up with myTVS for Service Expansion in India

AsiaBusinessOutlook >> Porsche Expecting 80% of its Sales in India from EVs

Porsche AG, a German luxury sports car maker, expects fully electrified vehicles to account for roughly 80% of its sales in India by 2030 and is planning three such new vehicles to be introduced here early next year, according to a senior company ..., Porsche Expecting 80% of its Sales in India from EVs

AsiaBusinessOutlook >> Chinese car maker BYD set to drive into Thailand market

Chinese car maker BYD announced that it will enter the Thailand car market, planning to work with local new energy vehicle dealer RÊVER Automotive, the car maker said on its Weibo account..., Chinese car maker BYD set to drive into Thailand market