AsiaBusinessOutlook >> GS Yuasa to Raise JPY 47B via Sale of Shares

On Nov 20, Japanese battery manufacturer GS Yuasa announced plans to raise up to 47.2 billion yen ($315.47 million) through the sale of new shares and third-party allotment to Honda Motor. GS Yuasa has announced that it plans to allocate the funds..., GS Yuasa to Raise JPY 47B via Sale of Shares

AsiaBusinessOutlook >> Volvo Commences Shifting Production from China to Belgium to Counter EU Tariffs

Volvo Cars has begun shifting the production of Chinese-made electric vehicles (EVs) to Belgium, anticipating a European Union crackdown on Beijing-subsidised imports, as reported by The Times on Saturday. Volvo, which is majority-owned by China's..., Volvo Commences Shifting Production from China to Belgium to Counter EU Tariffs

AsiaBusinessOutlook >> Chinese Automakers Eye Thailand as Next Manufacturing Destination

In the past two years, Chinese automakers such as BYD, GAC Aion, and Chery have announced ambitious plans to establish manufacturing facilities in Thailand. BYD and GAC Aion launched operations at their factories in July, contributing to Chinese i..., Chinese Automakers Eye Thailand as Next Manufacturing Destination

AsiaBusinessOutlook >> Honda and LG Energy to Invest $4.4B in Ohio EV Battery Plant

Honda is building a joint venture Ohio battery plant with LG Energy Solution in which the overall investment is expected to be $4.4 billion as part of its Honda EV Hub in Ohio. , Honda and LG Energy to Invest $4.4B in Ohio EV Battery Plant

AsiaBusinessOutlook >> India, Thailand Strengthen Ties in Advanced Tech and Innovation

India and Thailand have fostered a mutual understanding to enhance their cooperation in various advanced technology areas. The two countries aim to broaden collaborative initiatives in fields like digital technology, electric transport, robotics..., India, Thailand Strengthen Ties in Advanced Tech and Innovation

AsiaBusinessOutlook >> China's CATL Gains14% in Hong Kong IPO Launch Riding EV Surge

Contemporary Amperex Technology, the world's largest battery manufacturer, saw its shares rise up to 14% in their Hong Kong debut on Tuesday., China's CATL Gains14% in Hong Kong IPO Launch Riding EV Surge

AsiaBusinessOutlook >> Brindley Group Expands Wolverhampton Showroom with EV Brand XPeng

Brindley Group will be adding a new Chinese brand XPeng to its multi-franchise Wolverhampton showroom in August. , Brindley Group Expands Wolverhampton Showroom with EV Brand XPeng

AsiaBusinessOutlook >> YAS and JOIE Launch AI-Powered Insurance for Hong Kong's Green Taxi Fleet

YAS the insurtech firm has teamed up with JOIE. JOIE is an next-generation fleet taxi operated by Tai Wo Management. This collaboration will be introducing AI-driven insurance for around 1,000 hybrid and electric taxis in Hong Kong. Thr..., YAS and JOIE Launch AI-Powered Insurance for Hong Kong's Green Taxi Fleet

AsiaBusinessOutlook >> BYD to Begin EV Assembly in Pakistan by Mid-2026

BYD to launch EV assembly in Pakistan by July 2026 with Mega Motor. Aims for 30–35% market share amid rising demand and tough competition., BYD to Begin EV Assembly in Pakistan by Mid-2026

AsiaBusinessOutlook >> Astranova Mobility Secures Rs 60 Cr in Series A Funding

Astranova Mobility, an India-based full-stack EV financing and asset management startup, has secured ₹60 crore (approximately US$6.4 million) in a Series A funding round. The round was led by India-focused venture capital firm IvyCap Ventur..., Astranova Mobility Secures Rs 60 Cr in Series A Funding