Automotive

China warns of ‘penalties’ against carmakers for price war

Other than slashing prices, some automakers have offered incentives such as interest-free loans to entice buyers

Existing car owners are allowed to renew COEs for a minimum period of five years as a a concession.

Government rejects call for shorter COE renewal tenures

Shorter COE renewal duration will amplify peak and trough of cycles, says Acting Minister for Transport Jeffrey Siow

Chinese luxury car brand Hongqi has launched the E-HS9, an EV that could cost around S$500,000.

China brands go upmarket as Japan mounts EV charge at Singapore Motorshow

Models from Chinese carmakers priced from S$500,000 debut; Toyota and Honda officially introduce electric vehicles

The gain, primarily from share price changes of its listed investments, amounted to marked-to-market values of HK$280 million.

Auto dealer Tan Chong expects HK$327 million in gains from investments in 2025

It expects to report its financial performance before end-March 2026

In contrast to the dip posted in Category A, Category B's premium is up 3.5% or S$3,998 at S$119,100.

Mainstream car COE premium down nearly 7% as big car category ticks up 3.5%

Results in the latest bidding round are mixed; premium for commercial vehicles dips, while motorcycle and Open categories rise

The premium for commercial vehicles and buses increased 0.7% to S$77,003.

Mainstream car COE premium climbs 3.9%, but large car category slides 7.1%

The focus on Category A comes as brands strive for sales in the last bidding round of 2025

Rather than outright price cuts, some manufacturers – including Xiaomi – are leaning on financial incentives and value-added perks to sweeten deals.

Carmakers slash prices again in China, defying regulators

Prices for new cars keep falling as automakers compete to clear out inventory in a sluggish market

In the first nine months of 2025, EVs accounted for 43%, or about 16,000 vehicles, of all new passenger vehicles registered in Singapore.

Singapore ranks high for adoption of new energy vehicles in South-east Asia: study

Awareness of types of new energy vehicles is highest in the Republic, based on a survey by Inchcape

Lumens says some drivers “found a loophole” in its rental package, which resulted in them paying below the market rate.

Private-hire car rental company Lumens ends leases early for around 100 drivers

The company says some were abusing petrol subsidies with claims as high as S$2,700 a month

The Autobahn Rent A Car group, which was mainly involved in private-hire car rentals and fleet management, has debts of more than S$370 million.

Autobahn Rent A Car group appeals dismissed moratorium, reveals potential SGX listco investor

The group also files for a new six-week interim moratorium to facilitate investment negotiations