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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.
VinFast—a Vietnamese company ( earlier post )—is the 57 th company to be issued such a testing permit. Six companies have received a permit for driverless testing (Autox, Baidu, Cruise, NURO, WAYMO and ZOOX) while only one (NURO) has received a permit for deployment.
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.
VinFast, through a company in Vingroup, announced an investment in the tens of millions of US dollars in ProLogium ( earlier post ), a manufacturer of solid-state batteries. In the future, ProLogium and VinFast may also establish a joint-venture solid-state battery factory in Vietnam.
Vinfast reported on Saturday that it has delivered the first 100 of its VF 8 electric SUVs in its home market of Vietnam, ahead of wider availability and international deliveries in the U.S., At a delivery event held at the company’s Hai Phong manufacturing complex the company said it.
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.)
Vietnam-based EV manufacturer VinFast held a ceremony to mark its first batch of exports of electric vehicles: 999 VF 8s headed to the United States. This batch is being transported by the Silver Queen —a Panamanian charter ship—and is expected to arrive in a California port about 20 days after departing from Hai Phong, Vietnam.
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.
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
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.
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.
Vietnam-based VinFast and the government of North Carolina signed a memorandum of understanding (MOU) for the establishment of VinFast’s first North American manufacturing plant. The company intends to invest up to $2 billion in the project’s phase 1.
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.
Along with the release of the study, Nissan announced that the new LEAF will go on sale in seven markets in Asia and Oceania during the next fiscal year: Australia, Hong Kong, Malaysia, New Zealand, Singapore, South Korea and Thailand. Singapore, Indonesia and Vietnam are most evolved in their understanding with BEVs.
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.
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
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.
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.
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
As it announced during its investor conference earlier this week, Celanese Corporation, a global technology and specialty materials company, has increased its 2013 earnings growth objectives to adjusted earnings per share of at least $6.00, or operating EBITDA of at least $1.7 Earlier post.). Source: Celanese. Click to enlarge. million tons.
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.
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 […]
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.
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.
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