AsiaBusinessOutlook >> Honda CEO Apologises After Historic Loss, Wins Shareholder Support

Honda Motor Co., President and CEO Toshihiro Mibe has secured shareholder backing despite apologising for the company's disappointing financial performance at its annual general meeting in Tokyo. Shareholders approved Mibe's reappointm..., Honda CEO Apologises After Historic Loss, Wins Shareholder Support

AsiaBusinessOutlook >> Selex Motors raises $3 million from Asian Development Bank And Others

Hanoi-based Selex Smart Electric Vehicles JSC (Selex Motors) is making waves in the electric vehicle (EV) and battery pack manufacturing industry in Vietnam and is currently in a US$ 3 million convertible note investment round with ADB Ventures - ..., Selex Motors raises $3 million from Asian Development Bank And Others

AsiaBusinessOutlook >> Asia Today: AI Funding, EV Growth, Supply Shifts & More

Today's Asia business developments were driven by AI, electric mobility, semiconductor innovation and strategic restructuring. Eric Jing, Chairman of Ant Group, announced that AI unit RobbyAnt is seeking US$222 million to expand its artifici..., Asia Today: AI Funding, EV Growth, Supply Shifts & More

AsiaBusinessOutlook >> Pinnacle to invest Rs 2k cr for EV manufacturing units in Pune, Indore

Pinnacle Industries, which is among the 20 companies that got agreement to launch electric vehicle manufacturing under the production-linked incentives scheme, , Pinnacle to invest Rs 2k cr for EV manufacturing units in Pune, Indore

AsiaBusinessOutlook >> BYD To Invest USD 1.2B In A New Battery Factory In China

According to environmental appraisal filings, BYD, the world's largest manufacturer of electrified vehicles, plans to invest $1.2 billion in a new battery factory in China. According to environmental filings published on the Zhengzhou government w..., BYD To Invest USD 1.2B In A New Battery Factory In China

AsiaBusinessOutlook >> Chery's $75M Investment in KG Mobility Boosts Global Expansion Plans

Chinese automaker Chery Automobile will invest $75 million in South Korean carmaker KG Mobility through convertible bonds, strengthening a partnership focused on expanding into overseas markets. If the bonds are converted into shares, Chery will..., Chery's $75M Investment in KG Mobility Boosts Global Expansion Plans

AsiaBusinessOutlook >> Mufin Finance acquires APM Finvest for Rs 76 crore to create EV financing ecosystem

Finance on Wednesday said it has acquired APM Finvest, a BSE-listed NBFC, for over Rs 76 crore in a bid to create India’s first financing ecosystem for the fast-growing electric vehicles market. This comes after Mufin Finance acquired Rupee Circle,, Mufin Finance acquires APM Finvest for Rs 76 crore to create EV financing ecosystem

AsiaBusinessOutlook >> Toyota to Triple investment on EV Battery Plant in US

Toyota Motor Corp will triple its planned investment in a new battery plant in the US from $1.29 billion to $3.8 billion, it said in a move that acknowledges greater consumer demand.... , Toyota to Triple investment on EV Battery Plant in US

AsiaBusinessOutlook >> Berkshire Hathaway Reduces Holding in BYD, Sells 1.55M Listed Shares

Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.55 million Hong Kong-listed shares of electric vehicle maker BYD for HK$351.81 million (US$44.85 million), a stock exchange filing showed. The sale lowered Berkshire's ..., Berkshire Hathaway Reduces Holding in BYD, Sells 1.55M Listed Shares

AsiaBusinessOutlook >> Japan's Musashi Seimitsu Industries announces E-mobility foray in India; Phase-1 investment for EV venture will be 70 Cr

Musashi India, a 100% owned subsidiary of Musashi Seimitsu Industries, Japan and a leading manufacturer of two-wheeler and four-wheeler transmission components in India, has announced its foray in the E-mobility space in the Indian market., Japan's Musashi Seimitsu Industries announces E-mobility foray in India; Phase-1 investment for EV venture will be 70 Cr