electric vehicles
Ola Electric plans $159m fundraise as competition grows
The board also approved raising Ola Electric’s authorised share capital to 87.2 billion rupees (US$923 million) from about 83.2 billion rupees (US$880 million).
Grace Priscilla Teo · · 1 min read
BYD opens Indonesia EV plant with 150,000 capacity
West Java Governor Dedi Mulyadi said BYD had recruited nearly 9,000 workers so far.
Aiko Gao Ishida · · 1 min read
Nio reports 69% revenue growth in second quarter
Nio expects to deliver up to 111,000 vehicles in the third quarter.
Diya Lal · · 1 min read
China’s Leapmotor reports $5.3b revenue, $31.3m profit
Leapmotor’s overseas assembly plans at Stellantis plants in Malaysia, Spain, and Brazil are tied to a 2023 deal.
Minh Le · · 1 min readBYD’s new small EV drew 1,000 orders in Japan
The Racco starts at 2 million yen, or about US$12,600, after 150,000 yen (US$940) in government incentives.
Diya Lal · · 1 min readComfortDelGro’s Zig to invest over $7.8m in BYD fleet
ComfortDelGro said the investment will give vehicle hirers more choices and support its plan to shift its point-to-point business.
Grace Priscilla Teo · · 1 min readXiaomi Q2 revenue hits $16.2b as EV sales grow
In EVs, Xiaomi delivered 104,199 vehicles in the quarter.
Minh Le · · 1 min readIndian EV maker Omega Seiki partners on battery monitoring
Omega Seiki Mobility was established in 2018 within the Anglian Omega Group.
Aiko Gao Ishida · · 1 min readVinFast, Gowa target 30 Indonesia showrooms in JV
The Vietnamese electric vehicle maker said the move was part of its expansion in Indonesia’s EV market.
Minh Le · · 1 min readFord targets 2027 Fathom EV production
Ford said this should let it assemble the Fathom 15% faster than vehicles previously built at Louisville.
Minh Le · · 1 min read