Electric vehicles
Ford scales back EV ambitions, forecasts US$19.5 billion write-down
The company will focus on a family of smaller, affordable electric vehicles instead
LTA awards over S$300 million in contracts for 660 electric buses, including to BYD
This marks the authority’s first large-scale purchase of double-deck buses
China brings EV price war to Thailand, dangling 38% discounts
The steep cuts have fuelled a sales surge of over 20% in October and November
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
Xpeng in negotiations partner with EPMB to start EV production in Malaysia
Chinese EV maker aims to make Malaysia a base for expansion across Asean’s right-hand-drive markets
Global EV sales growth slowest since Feb 2024 on China plateau, US policy changes
GLOBAL EV sales grew in November at the slowest rate since February 2024 as China plateaued, while the end of an EV tax credit scheme in the United States set North America on track for its first year...
Grab, Charge+ to build EV charging network in Vietnam
The attempt is expected to complement the existing dominance of VinFast charging facilities across the country
Almost half of China’s first time car buyers want an EV: survey
New-energy vehicles are on track to account for more than half of the country’s new-car sales this year for the first time
China’s car sales extend decline in November with biggest drop in 10 months
The slump comes amid a waning scramble to buy vehicles before government subsidies dwindle at year-end
VinFast to invest US$500 million in India to expand manufacturing
The company plans to increase production to 150,000 annually within a year and double it in the next three years
