The Business Times

Electric vehicles

Transport & Logistics

Motorway debuts China commercial vehicle brand Qingling Motors; relaunches Ssangyong in Singapore

Rivian’s pay package for its CEO RJ Scaringe (pictured) could be one of the richest in history, depending on what performance goals are met.
Transport & Logistics

EV maker Rivian gives CEO a Musk-style pay package worth up to US$4.6 billion

Indonesia’s Chandra Asri on Oct 24 announced its plans to buy ExxonMobil’s Singapore Esso petrol kiosk chain for US$1 billion.
Companies & Markets
BT EXPLAINS

As EVs dominate, why are Esso petrol stations being acquired and what will the future look like?

Zhang Zhengping, chairman and president of Seres Group Co., with an Aito M9 SUV at the company's Super Factory in Chongqing, China, on Monday, Oct. 20, 2025. For years, Seres leaned on Chinese technology champion Huawei Technologies Co. to transform an assembler of cheap minivans into the maker of the country's top-selling luxury vehicle. Now, it's ready to come into its own. Photographer: Qilai Shen/Bloomberg
Transport & Logistics

EV maker Seres steps out of Huawei’s shadow with Hong Kong listing debut

FILE PHOTO: A Tesla car is driven past a store of the electric vehicle (EV) maker in Beijing, China January 4, 2024. REUTERS/Florence Lo/File Photo
Transport & Logistics

Tesla’s China shipments drop for the eight time in 10 months

Xiaomi is not the only company pushing its employees to work long hours. Staff across China’s tech sector complain they spend all their time at the office.
Global Enterprise

The human cost of Xiaomi’s rapid pivot from smartphones to EVs

BYD faces pressure from the prolonged period of discounting that has underpinned its rapid ascent in the Chinese EV market.
Companies & Markets

BYD shares fall as profit slump piles pressure on EV giant

ST20251024-202596400487-Lim Yaohui-Esther Loi-escharger26/ Electric vehicle (EV) charging points in T41 car park near Block 828 Tampines Street 81 behind Soka Gakkai Singapore (SGS) Headquarters on Oct 24, 2025. More than 8 in 10 HDB carparks have been equipped with EV charging points, with around 150 more carparks to join the pack. Deployment for the remaining 150 carparks will be completed after 2025 due to factors such as technical constraints and taking in community preferences to balance the parking needs of various users, said LTA. (ST PHOTO: LIM YAOHUI)
Singapore

Nearly half of Cat A COEs go to EVs, which account for 43% of new sales so far in 2025

Charging units at a NIO showroom in Beijing, China, Oct 18, 2025. A fifth of the 63.5 million car trips during China's "Golden Week" were in electric or hybrid vehicles, the transport ministry says.
Transport & Logistics

EVs put an end to China’s usual holiday surge in petrol use

The BYD RACCO is displayed at the BYD booth during a press day of the Japan Mobility Show 2025 at Tokyo.
Global Enterprise

BYD reports biggest quarterly profit fall in over four years

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