AsiaBusinessOutlook >> Hyundai EV Factory to Implement Cutting Edge Manufacturing Tech

On Nov 21, Hyundai unveiled a state-of-the-art electric vehicle factory in Singapore, which the South Korean auto manufacturer heralds as a crucial element of its electrification plan for the future. According to a statement from the company, the..., Hyundai EV Factory to Implement Cutting Edge Manufacturing Tech

AsiaBusinessOutlook >> Indonesia's Antam Sells $467 Million worth of Shares to CATL

Aneka Tambang, an Indonesian miner, has sold $467.18 million in shares in two of its subsidiaries to a unit of China's Contemporary Amperex Technology Co (CATL), the world's largest electric vehicle battery manufacturer. Aneka Tambang, also known..., Indonesia's Antam Sells $467 Million worth of Shares to CATL

AsiaBusinessOutlook >> BYD Looking to Increase their Presence in Thailand via Rever Automotives

The exclusive dealer in Thailand for BYD, the world's largest electric car maker, said it will triple its presence in the country in two years, helping the Chinese manufacturer strengthen its dominant position in overseas markets. BYD overtook Tes..., BYD Looking to Increase their Presence in Thailand via Rever Automotives

AsiaBusinessOutlook >> LG Energy Expanding its Supply Chain for Lithium Procurement

LG Energy Solution, a South Korean company, has signed a second offtake agreement with Wesfarmers Chemicals, Energy and Fertilisers (WesCEF) of Australia to expand its supply chain for lithium procurement. As a part of the deal, WesCEF will supply..., LG Energy Expanding its Supply Chain for Lithium Procurement

AsiaBusinessOutlook >> Japanese Automakers Continue to Invest in EVs despite Grim Outlook

Japan's automakers are continuing to invest in electric vehicles despite the slowdown in EV sales growth reported by executives this earnings season. These automakers have always known that the electrification process would take time and that batt..., Japanese Automakers Continue to Invest in EVs despite Grim Outlook

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