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Hello readers,
When it comes to confidence, I feel like it’s easy to talk about it but difficult to truly achieve it.
As a soft-spoken introverted kid, learning to be confident wasn’t easy. Some people will say the key is to fake it till you make it. In other words, act confident and, eventually, you’ll be confident.
For me, I decided to just be as logical and objective as possible. After analyzing a situation and my own capabilities, if the factors in play favored me, then I would feel a lot better going into it.
This seems to be a similar thought process for Vietnamese e-bike makers who remain confident in the face of the growing presence of foreign rivals from China and elsewhere in Southeast Asia.
Today’s story dives into the mindset of the founders at Selex Motors and Dat Bike and why they have been steadfast.
Today we look at:
- What’s giving Vietnamese electric two-wheeler startups a confidence boost
- The third newest digital bank in Malaysia
- Other newsy highlights such as Nvidia becoming the second most valuable company in the world and spacetech firm Astroscale going public in Japan.
Premium summary
All wheels on deck
Image credit: Timmy Loen
As the electric vehicle scene in Southeast Asia heats up, electric two-wheeler (2W) companies like Dat Bike and Selex Motors will inevitably face stiff competition. Do they have what it takes to keep pole position?
- It’s not about the money: Nguyen Nguyen, co-founder and CEO of Selex Motors, said that firms like his and Dat Bike need to have a differentiated product that relies on technology, competing on the values it brings for customers rather than cost.
- An open door: While both firms have made significant progress in their solutions, there are still other opportunities out there, namely creating a standardized system for 2W EV charging.
- A little help over here: The two companies are eyeing regional expansion and said that the Vietnamese government should offer incentives to both EV consumers and manufacturers, similar to what other Southeast Asian countries have done.
Read more: Unfazed by foreign rivals, Vietnamese e-bike makers plan expansion
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