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Vietnam-based e-bike start-up MODMO began delivering its flagship model, Saigon+, in Europe earlier this year; MSRP is €2,499 (US$3,041). MODMO plans to bring the e-bike to the US market soon. Developed in Ireland, and produced in Vietnam, MODMO was founded by 24-year-old company CEO Jack O’Sullivan.
GM Daewoo Auto & Technology (GM Daewoo) and Vietnam Daewoo Motor Company (VIDAMCO) are launching the Chevrolet Cruze in Vietnam. VIDAMCO, which is celebrating its 17 th anniversary this year, held a launch ceremony at the Daewoo Hotel in Hanoi, Vietnam, on 16 April. —GM Daewoo President and CEO Mike Arcamone.
Li-Cycle Holdings and VinES Energy Solutions , a member of Vietnam-based Vingroup, signed a definitive agreement for a long-term recycling relationship. VinFast has expanded its business to the North American and European markets with the aim to become one of the leading global EV manufacturers.
Aiming to gain a competitive advantage in the global EV market, Vietnam-based EV maker VinFast has been developing a number of partnerships with developers of advanced battery technologies. The company is targeting 300 Wh/kg in the Si-rich, fast-charging cell. Earlier post.)
The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.
Li-Cycle Holdings, the leading lithium-ion battery recycler in North America, and Vines Energy Solutions ( VinES ), a Vingroup company that specializes in the research, development and manufacturing of advanced batteries for mobility and energy storage applications, launched a global recycling partnership. Earlier post.)
Toyota Motor Corporation (Toyota) is introducing “total-care service,” a pioneering set of mobility services specially designed for ride-hailing companies. Through this Total-care Service, ride-hailing companies can provide their driver-partners with more cost-efficient and timely maintenance services.
billion) over the next five years to create a domestic hydrogen ecosystem—production, distribution, and consumption—through creation of domestic hydrogen infrastructure and also through partnerships with global companies. Korea-based SK Group will invest about 18 trillion won (US$16.4
Singapore’s largest waste management company, Sembcorp, is starting a one-year field trial to assess market acceptance, cost-effectiveness and customer satisfaction of the Mercedes-Benz Econic waste collection truck with Natural Gas Technology. This marks the entry of the natural gas truck into the Asia market.
Vietnamese electric vehicle (EV) startup VinFast has announced plans to build an additional production facility in its home country, which is expected to double the company’s output and help meet increasing demand. Last month, VinFast gained commitments from parent company Vingroup for a round of funding worth $3.4
Envisioning the future market environment, uses and technological advancements, Honda is exploring a range of future personal-use models including ones equipped with a power source besides swappable batteries. million units (approximately 15% of total sales) as of 2030. Commuter EVs.
will market energy-efficient coal-fired power plants in Asia, leveraging a bilateral emissions offset mechanism between Japan and other countries that enables Japan to receive carbon reduction credits in return for providing low-carbon technologies and equipment. This project is Marubeni’s tenth in Vietnam. Japan’s Marubeni Corp.
According to the Electric Vehicle Association of Thailand, the number of companies that are part of Thailand’s electric vehicle industry has risen significantly since 2015, from 76 to 420 in 2019. The ASEAN member states are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
At CES 2022, Vietnam-based VinFast announced its new development strategy and revealed its complete electric vehicle lineup covering five segments. The company will instead focus research and development efforts on all-electric powertrains for their vehicles.
The collaboration, announced at JEC World in Paris, will apply Hankuk Carbon’s expertise in advanced materials and industrialization, leveraging Dymag’s expertise in manufacturing lightweight carbon composite wheels for the high-performance and luxury vehicle markets.
Green and Smart Mobility Joint Stock Company (GSM) officially began operating the first pure electric taxi service in Vietnam: Green SM Taxi. Green SM Taxi will first operate in Hanoi, followed by a nationwide expansion to at least five provinces and cities this year, in line with the company’s strategic plan.
The company will move the production of 500cc models aimed at developed countries to the Southeast Asian country. It has produced 250cc models for the global market in Thailand since 2010. In Vietnam, Honda will ramp up its capacity by 50% to 3 million bikes and start making global models with smaller engines there.
StoreDot, developer of extreme fast charging high energy battery solution for electric vehicles, has concluded a joint development agreement (JDA) with VinES, a member company of Vingroup, the largest private conglomerate in Vietnam.
Mobileye, an Intel Company, and WILLER, one of the largest transportation operators in Japan, Taiwan and the Southeast Asian region, have formed a strategic collaboration to launch an autonomous robotaxi service in Japan and markets across Southeast Asia, including Taiwan.
Established in 2008, the company has advanced production, testing and workshop facilities making it a strong partner for Wärtsilä in targeting the Chinese shipbuilding market. These are located mainly in Asia (Japan, Korea, China, Vietnam), but also in Europe (Croatia, Poland and Russia) and South America (Brazil).
GM Korea introduced the Alpheon eAssist, the first hybrid vehicle from the company and the first hybrid vehicle in its segment in Korea. GM Korea is Korea’s third-largest automotive company and represents one of GM’s largest manufacturing, design and technology hubs. Alpheon eAssist Click to enlarge.
Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. However, the Southeast Asian market at home has recently become a new target for many car companies. A large market of 10 million vehicles.
BNEF’s analysis shows that companies, governments and households invested $303.5 In 2020, the size of the market increased four times compared to 2016, reaching an estimated $118 billion. The decline has been driven by changing market dynamics in China, which accounted for 99% of global e-bus sales from 2016 to 2020.
Vietnamese electric vehicle (EV) maker VinFast has announced a new funding commitment from its parent company, Vingroup, as it aims to make its EVs profitable in the coming years. billion into the EV company so far. billion into the EV company so far. A company statement highlighted the fact that around 50 trillion dong (~$1.97
Vietnam’s electric vehicle maker VinFast has announced a recall of 2,781 of its sports utility model VF8, sold in the domestic market, to check and replace the bolt connecting the front brake caliper to the knuckle.
GE announced the opening of GE Shenhua Gasification Technology Company Ltd., The region’s coal industry comprises China, India, Australia, Indonesia, Kazakhstan, Thailand, Vietnam and New Zealand. This is not a market access in exchange for technology deal. GBI report: Asia-Pacific to be the leading coal-producing region.
VinFast VF 3 (Source: VinFast) Vietnamese EV maker VinFast has announced plans to build a second plant in Vietnam at a breakneck pace its fifth globally to double the production capacity of its VF 3 and VF 5 models. The new plant should create nearly 6,000 new jobs for locals, which the company said could later increase to 15,000.
But back in 2009 Great Wall was reported to have a joint venture with the Duc Phuong company in Nam Dinh with the plan to turn out CKD's of the Hover and the Voleex models. Perhaps that first venture failed.
gigawatt (GW) silicon solar wafer facility in Vietnam in mid-2023 to supply the US market – and the company also says it will be trade compliant. Chinese solar maker Trina Solar today announced that it’s going to open a 6.5
Tesla has announced an official opening date for its first store in the Philippines, after the company was seen starting a buildout of the location near the country’s capital city earlier this year.
For many months, it has been a big question to automotive experts in the region — why is VinFast, a company located in the Southeast Asian region, which can gain obvious benefits from selling to markets within the ASEAN, chosing to sell to the finicky markets in North America and Europe first before selling to […]
It appears that over half of Vietnamese electric vehicle startup VinFast’s sales during the first half of 2023 were to a taxi firm that’s owned by VinGroup, the automaker’s parent company. The filings paint a pretty interesting picture of VinFast, whose entry into the US stock market was marked by volatility. Out of the 2.3
Management consulting firm Zinnov released its latest study conducted on the Automotive R&D Globalization Landscape, presenting a global engineering R&D analysis on the top 60 automotive companies and how are they leveraging the global R&D ecosystems to improve engineering output and efficiency. —Sidhant Rastogi, Partner, Zinnov.
VinFast’s VF3 electric vehicle may be the company’s biggest home run hitter yet. The automaker based out of Hanoi, Vietnam, announced this morning that the VF3 has landed the most pre-orders for a vehicle ever in the country. This was something the company adjusted with its VF 8 and VF9 models by increasing prices.
According to SCMP , Wang told investors that the company’s expects deliveries to top at 3.6 Tesla & CATL deemed the Power Couple to Recharge the US EV Market: Morgan Stanley The top EV manufacturer forecasts for 2024 are hopeful. . The Chinese carmaker also slowed down construction plans for its EV factory in Vietnam.
Asia’s EV market is growing rapidly. Most people are aware of key players like Hyundai and Nissan, but there are so many other EV manufacturers that are taking over Asia—and possibly set to conquer the international market, including the U.S. VinFast VinFast is a Vietnam-based company that was established in 2017 by Vingroup.
With Saudi Arabia's refined fuel contributing to the global supply glut, what will be its impact on the refining markets especially those in Asia? How will Saudi Arabia Capture Market Share Downstream? Gaurav Agnihotri is an ME and an MBA-Marketing, and an oil and gas professional based in India. By offering almost 2.8
Perhaps answering at least some of the questions we all have about VinFast and its long-term plans in this country, owner Vingroup announced this morning it has signed a memorandum of understanding with Mitsubishi to explore providing after-sales services in international markets. That’s one-third of one percent market share, to be clear.&
The stock market works in mysterious ways and can make or break companies as they attempt to go public. The company invited journalists to Vietnam to drive its new electric SUV, the VF8, only to be met with reviews ranging from “send it back” to “not ready for sale.” in trading yesterday.
The Group—including Hyundai Motor Company and Kia Corporation—and Grab will further develop new pilots and initiatives that lower the barriers of entry for Grab driver and delivery-partners to adopt EVs, such as lowering the total cost of ownership and reducing range anxiety. Hyundai Motor Group and Grab Holdings Inc.
The company recently announced an expansion to its U.S. Though the automaker has a range of vehicle offerings in Vietnam, its only model on sale in the U.S. VinFast has had several early bumps in the road, but the Vietnamese automaker appears to be hitting its stride in at least one area. is the VF 8 SUV.
Tran Mai Hoa, VinFast’s Deputy CEO of Sales and Marketing, said although Q4 deliveries jumped from Q3 , “slow EV adoption rate in certain regions” impacted its delivery plans. VinFast’s parent company, VinGroup, established GSM , an EV rental and taxi company, last March to expand its electric cars and scooters in Vietnam.
. “We believe that investing in Tamil Nadu will not only bring considerable economic benefits to both parties but will also help accelerate the green energy transition in India and the region,” said Tran Mai Hoa, VinFast Global’s Deputy CEO of Sales and Marketing. In August 2023, VinFast Auto Ltd.
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