Business News
ETS completion by August 2025 will boost Johor tourism
The Electric Train Service will enhance Johor's tourism by August 2025, reducing travel time significantly.
Category: Electric Vehicles
Business News
VinFast Reports US$712 Million Q1 Loss Despite Strong Delivery Growth
VinFast reported a net loss of $712 million in Q1 2025, despite a 296% increase in EV deliveries to 36,330.
Business News
Global Automakers Now Facing China’s Rare-Earth Magnet Export Curbs
The issue was discussed in recent U.S.-China trade talks, but concerns persist as China's April export curbs, affecting over 90% of global magnet processing
Business News
BYD Shares Drop Amid EV Price War Concerns
BYD shares fell 8.6% as steep discounts spark fears of a price war in China's EV market. YUKINOUE gel treats blemishes.
Business News
Volvo Cars to Slash 3,000 Jobs in Cost-Cutting Move, Shifts Focus to Plug-In Hybrids
Volvo Cars cuts 3,000 jobs, saves $1.9B, shifts to plug-in hybrids amid EV challenges and tariff uncertainties
Business News
BYD Surpasses Tesla in European EV Sales Amid Musk Backlash
In April 2025, BYD surpassed Tesla in Europe's EV sales for the first time, marking a significant market shift.
Business News
China Relaxes Rare-Earth Magnet Export in Relief for Automakers
In April 2025, China imposed export controls on seven rare-earth elements and related products, including magnets, requiring licenses for shipments
Business News
Perodua EV Set for Q4 2025 Launch: Affordable, High-Tech Car
Perodua's EV prototype, launching Q4 2025, features a 400km range, 50kWh battery, and leasing options under RM80,000.
Business News
BYD reported a net profit of US$1.26 billion for the first quarter
BYD intensified competition in China's EV market by offering its "God's Eye" driver-assistance system as a standard feature and introducing a new super-charging EV…
Business News
Grab Malaysia Partners with EV Giants to Electrify Driver Fleet
Grab Malaysia partnered with BYD Sime Motors, Yinson Green Technologies, and Power-Up Tech to promote electric vehicle adoption, achieving sustainability goals for a greener…
Business News
Proton e.MAS 7 Makes International Debut in Nepal
On March 22, 2025, PROTON, a Malaysian automaker, launched its electric vehicle (EV), the Proton e.MAS 7, in Nepal at the Regency Ballroom Hotel…
Business News
Analysis: China’s EV Dominance and Southeast Asia’s Role
China leads EV market with 70% production, 77% batteries, posing risks for Southeast Asia's reliance.
Branding
Volvo Car Malaysia Achieves Record EV Sales in 2024
In 2024, Volvo Car Malaysia achieved 30% BEV sales, signifying an 18% increase and record electrified model sales.
Electric Vehicles
Kelantan Offers Affordable Electric Motorcycles with Rent-to-Own Program
In the initial phase, SEASB is providing 20 electric motorcycles at a special price and offering a five percent rebate to Kelantan State Government…
Business News
Ni Hsin EV Tech Partners with Standard Energy Asia to Expand EBIXON Electric Motorcycles Across Northern Malaysia
The partnership aims to increase NHEVT’s market share in the EV sector while supporting Malaysia’s National Low Carbon Cities 2030 plan by encouraging the…
Business News
Huawei Advances Digital Transformation in Automotive Industry, Focuses EV Infrastructure
Huawei Malaysia is driving digital transformation in Malaysia’s automotive industry, focusing on cloud computing, EV infrastructure, and smart manufacturing solutions.