EV & Mobility
VinFast Pivots to Southeast Asia - But Can it Outrun BYD in Indonesia?
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Vietnam's VinFast is pivoting hard to Southeast Asia after struggling in the US and Europe. The electric vehicle (EV) maker has broken ground on an assembly plant in Subang, West Java, committing more than 1.9 trillion rupiah (about $115.4 million) to a facility slated to open in late 2025 with capacity for 50,000 vehicles a year.
Not Just EVs: China Leads the World in Battery Production and Technology for all Vehicles
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If you have been following the news, you would know that BYD has overtaken Tesla in the electric vehicle (EVs) market. You would also probably have heard how other Chinese EV brands such as Nio and XPeng have made significant inroads in different parts of the world, including in Singapore and Southeast Asia.