Cars
US$140,000 EVs and heritage gold: The rise of China’s homegrown luxury market
Consumers are increasingly turning to domestic products, challenging the dominance of long-established European brands
In the EV race, Japan’s most dangerous rival could be closer to home than China
Chinese carmakers may have pulled ahead in tech and value, but something else is holding the Japanese back
Toyota to launch its first mainstream EV in Singapore in Q3 2026
The Urban Cruiser will use a Category A COE; another SUV, the bZ4X Touring, will also hit the market
Commercial vehicle COE premium up 5.4% at record high of S$92,223
Category B hits a six-month high, while Category A is the only premium to dip
Singapore launches first EV fast-charging hub within an HDB car park at Tengah
The hub has 14 charging points, eight of which are fast-chargers capable of up to 100 kW of power output
Car dealers submit S$68 million for renewal of Automobile Megamart’s lease
If successful, the site’s lease will be extended until the end of 2040
Troubled platform UCars founded by group of dealers wound up on S$4 million debt
Winding up application filed on Feb 23 after previous legal tussles between company and its main shareholder
3 to be charged in Singapore over use of de-registered vehicles
The offences were committed between 2024 and 2025; two of them involved crossing land checkpoints
COEs for large cars up 4.3% at S$126,236, mainstream cars near S$125,000
All premiums rise in May’s first round; LTA urges prudent bidding
Vin’s Holdings secures settlement, partial repayment of S$44,300 from ex-employee
This is related to irregular transactions by a former key executive that was disclosed in April
