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

AsiaBusinessOutlook >> World's Most Influential Tech Event CES 2023 to focus on Sustainability and Solving Global Challenges

CES 2023 event started with innovative product launches that will help to solve global challenges. Companies are demonstrating how technology can conserve energy and increase power generation, address food..., World's Most Influential Tech Event CES 2023 to focus on Sustainability and Solving Global Challenges

AsiaBusinessOutlook >> China Surpassed By India As Oil Demand Increases

Oil demand is changing, with India set to overtake China as the most important driver of global growth — and possibly the last, as the world transitions to a greener future. A growing population, which has likely already surpassed China's, will he..., China Surpassed By India As Oil Demand Increases

AsiaBusinessOutlook >> China Extends Tax Exemption On EVs

China announced on Wednesday the renewal of a tax exemption on the purchase of new energy vehicles (NEVs), a new pillar of the economy whose lacklustre recovery has market observers pushing for greater stimulus. NEVs purchased between January 1, 2..., China Extends Tax Exemption On EVs

AsiaBusinessOutlook >> Toyota Motors Lobbying the Indian Government to Cut Taxes on Hybrids

Toyota Motor of Japan is lobbying the Indian government to cut taxes on hybrid vehicles by up to one-fifth, claiming they are far less polluting than petrol cars but do not receive commensurate policy treatment, according to a company letter. The ..., Toyota Motors Lobbying the Indian Government to Cut Taxes on Hybrids

AsiaBusinessOutlook >> Carro Expands Into Australia With Strategic CarPlace Acquisition

Singapore-based automotive technology company Carro has expanded into Australia through the acquisition of CarPlace acquisition target CarPlace, marking a major step in the company's regional growth strategy. The move gives Carro a presenc..., Carro Expands Into Australia With Strategic CarPlace Acquisition