Automotive
High-profile Singaporean auto exec Soh Wei Ming’s EV brand BeyonCa ceases operations
China-based luxury EV maker has reportedly ceased operations and left employees unpaid
All COE premiums rise; mainstream cars rise 3.4%, large cars up 1.4%
Observers say spike in motorcycle premium – nearly 12% – is due to combination of increased demand ahead of Hari Raya Puasa
Why the Parf rebate drop is a big change for Singapore’s car owners
The $30,000 question: Why did Singapore slash the Parf rebate? Derryn Wong finds out.
Stellantis weighs deals with China rivals to shore up Europe
European and US carmakers have largely trailed Chinese competitors in cost and battery technology, after state subsidies from Beijing
China Feb auto sales tumble 15% amid holidays, tax hikes, and lower subsidies
The Iran war has clouded the outlook for exports
Speed and savings: What’s driving Singaporeans to keep luxury cars in Malaysia
Businesses to aid this are emerging, with buyers drawn by lower costs, rare models and the simple joy of being behind the wheel
Concerns over 100% borrowing for vehicles as outstanding car loans hit 12-year high
The ads promise buyers that they can skip the 30% or 40% down payment for a car through various schemes
‘Made in Europe’ plan’s sting in tail for Asia and the wider world
The soon-to-be-finalised initiative will impact industries from cars to manufacturing, steel and defence
COE: Mainstream car premium exceeds that of large cars for the first time in almost 6 years
Category B drops more than 5% to S$105,001 on recent deregistration rebate changes, but more uncertainty lies ahead, say observers
Singapore’s Parf rebate cut may favour China EV brands as ownership and borrowing costs rise
Industry players say the move will have far-reaching consequences across the automotive value chain
