Automotive

OUTLOOK 2026

COE supply expected to rise 20% in 2026, but premiums may not fall in proportion 

Demand for electric vehicles and from private-hire fleets could keep premiums elevated, say industry observers

In designing the Maextro S800, Huawei and JAC pushed for attention to details rarely seen in Chinese cars.

Huawei’s Maextro S800 becomes China’s top-selling US$100,000 car

The company has emerged as a dominant force in the country’s auto industry

Court documents mention that the group has financed some 1,200 cars in recent years, with around S$200 million in related debt.

Creditors of Autobahn Rent A Car, Shariot group claim S$38 million more, contrary to group’s own estimates

DBS, UOB, OCBC, Teck Wei Credit and Toyota Financial Services list liabilities higher than those listed by the group

Born in 1944, Nagamori built Nidec into a US$15 billion company with aggressive tactics that included hostile takeovers – a rarity in Japan.

Nidec founder and chairman Nagamori quits board after spate of accounting issues

The 81-year-old has voluntarily resigned his post, the world’s largest maker of mini-motors says

The ubiquitous three-door Bluecar electric vehicle has been scrapped, while its larger five-door models have been sold to used car dealerships.

BlueSG disposes of old EVs ahead of relaunch in 2026

LTA blocks the transfer of Bluecars to Tribecar due to EV Sharing Scheme restrictions

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

Observers say that the price advantage of electric vehicles in Singapore will continue to be as much as S$50,000 cheaper than petrol-powered ones.
OUTLOOK 2026

Rebate cuts won’t hurt Singapore’s momentum as South-east Asia’s top EV market in 2026

The Republic’s EV take-up is expected to rise due to a continued price advantage and new benefits for electric heavy vehicles

However, while Kei cars are highly popular in Asia, they currently do not meet federal standards for new vehicles in the US.

Trump wants Asia’s ‘cute’ Kei cars to be made and sold in US

The ultra-compact cars are tailored to narrow roads with an affordable price tag to match their size

The decrease in the premium for cars in Category B comes after a spike of 12.9% in the previous round of bidding.

Large-car COE premium down almost 5% at S$123,900; most categories dip

Mainstream-car category declines 3.3%, and motorcycles by 5%

Car-sharing service Shariot is among the group of companies seeking a scheme of arrangement.

DBS, OCBC, UOB among those owed S$304 million by Autobahn, Shariot group; white knight in talks

DBS owed S$94.8 million, Teck Wei Credit, S$70 million; hearing set for Dec 2