SoftBank-backed Indian EV startup Ola Electric pops 20% on debut valuing firm at $4.8 billion
Shares of Ola Electric surged 20% in their market debut Friday, valuing the Indian electric vehicle startup at around $4.8 billion.
Ev in asian news
More Chinese EV makers debut in Singapore as the city-state boosts adoption with incentives, more charging points
More Chinese electric vehicle brands are launching in Singapore as the government pushes for EV adoption with extended incentives and charging points.
South Korea to require EV makers to disclose battery brands after fire, media report says
SEOUL — South Korea plans to require electric vehicle (EV) makers to disclose the brand of batteries in cars due to safety concerns after a vehicle in an underground parking lot caught fire, causing extensive damage, a newspaper reported on Thursday (Aug 8).
Turkey expects more investments from Chinese EV makers
ISTANBUL -- Turkey expects that more Chinese electric vehicle makers will invest in the country, following BYD's decision to put $1 billion into a factory for EVs and plug-in hybrids, the head of the presidential investment office, Burak Daglioglu, told Nikkei Asia in a recent interview.
Hyundai to invest $28m in Thailand for EV assembly and batteries
BANGKOK (Reuters) -- South Korean automaker Hyundai Motor will invest 1 billion baht ($28 million) to set up a facility to assemble electric vehicles and batteries in Thailand, the country's Board of Investment (BOI) said on Wednesday.
Indonesia launches China-built anode plant for EV batteries
JAKARTA — Indonesia's President Joko Widodo on Wednesday (Aug 7) inaugurated a plant built by China's BTR New Material Group and Singapore's Stellar Investment that will produce anode materials for EV batteries.
South Korea EV explosion sparks charging warning, safety fears
An unplugged electric Mercedes-Benz sedan caught fire last Thursday in an underground car park at an apartment complex in Incheon, west of Seoul, according to fire authorities. More than 700 residents were evacuated due to water and power outages and the blaze damaged some 140 cars, according to the Incheon Metropolitan City government. Twenty three people were hospitalised.
China Evergrande EV units' bankruptcy adds roadblock for liquidators
HONG KONG -- The electric vehicle arm of embattled Chinese property developer Evergrande revealed two months ago that it was in talks with a potential buyer. Now, units of the EV group face a bankruptcy process that some warn could dampen the appetite for a deal.