EV

Hyundai to invest more than $50 bn in South Korea in major EV push

March 29, 2024 | 11:26

Hyundai on Wednesday revealed plans to invest more than $50 billion in South Korea by 2026, with a huge chunk dedicated to boosting the development and production of electric vehicles.

VinFast sets sights on 100,000 EVs in 2024

February 29, 2024 | 10:37

The domestic EV manufacturer has huge ambitions.

VinFast targets family offices, eyes alternative assets for growth

February 22, 2024 | 16:40

VinFast is courting alternative investment avenues.

VinFast and GSM announce $2.1 billion investment for Indonesia

January 15, 2024 | 17:29

VinFast and GSM have announced a combined investment of $2.1 billion for Indonesia, marking a major step in their global EV expansion.

China's Evergrande says head of EV arm detained

January 08, 2024 | 14:18

The head of heavily indebted Chinese property developer Evergrande's electric vehicle unit has been detained, the firm said Monday, the second executive from the company to come under investigation in recent months.

Vingroup’s billionaire founder gifts VinES to VinFast

October 12, 2023 | 11:53

Vingroup's tycoon, Pham Nhat Vuong, has transferred a major stake in Vin Energy Solutions (VinES) to boost VinFast's electric ambitions.

VinFast eyes Europe expansion amid potential EU tariffs on Chinese EVs

September 21, 2023 | 18:59

VinFast targets European growth as EU considers tariffs on Chinese EVs.

VinFast sets sights on Indonesia with $1.2 billion expansion

September 13, 2023 | 17:45

VinFast pursues Asian expansion with a $1.2 billion foray into the Indonesian market.

VinFast targets break-even point in 2024

August 18, 2023 | 11:25

Amidst the many players entering the electric vehicle (EV) market to take advantage of the green trend, VinFast is competing confidently.

Yadea Vietnam commits $100 million for EV plant

August 16, 2023 | 18:35

Yadea Vietnam is set to bolster the Vietnamese electric motorcycle market with a $100 million investment in an advanced production facility in Bac Giang.

VinFast's Nasdaq debut boosts Pham Nhat Vuong's wealth

August 16, 2023 | 15:48

VinFast's historic Nasdaq listing saw a surge in billionaire Pham Nhat Vuong's net worth, propelling him onto the list of the world's top 30 billionaires.

Southeast Asia's EV market primed for growth

July 10, 2023 | 09:56

Southeast Asia's electric vehicle (EV) sector, led by both foreign and local manufacturers such as Wuling, Volvo, and VinFast, is poised for significant growth, with a rising demand for supporting infrastructure, increasing investments, government incenti