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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.
Hence, the enhanced partnership will focus on addressing some of these barriers by piloting new EV business models such as leasing EVs with a battery-as-a-service model or car-as-a-service model, and EV financing. The pilot programs will start in 2021, beginning in Singapore, and expand to Indonesia and Vietnam.
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On this expanse of reclaimed land outside Taichung, Taiwan’s second largest city, 80 wind turbines, a pair of gas-fired power plants, and 4.3 square kilometers of solar farms generate electricity for Taiwan ’ s grid. Next year TSMC’s share of Taiwan’s electricity could hit 12.5 percent —twice the fraction it consumed in 2020.
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