Indonesia is urging Volkswagen AG to invest in its electric vehicle industry as the country seeks to counterbalance Chinese companies' dominance over its nickel reserves.
Indonesia is expecting more international investment to inject into its EV segment. PowerCo, Volkswagen's battery subsidiary, has expressed interest in building a battery ecosystem...
US automaker Ford made a battery material investment in Indonesia, a first for the company in Southeast Asia. The US$4.51 billion project is also joined by PT Vale Indonesia and Huayou...
Indonesia's EV subsidies are taking effect today on March 20. As the program was announced earlier this month, the government is providing purchase subsidies to achieve sales goals...
According to IDC's latest Worldwide Semiannual Security Spending Guide, spending on security hardware, services, and software in Asia Pacific, excluding Japan, is expected to reach...
Taiwan digital advertising group funP Innovation has just raised US$3.12 million in the first closing of the latest fundraising round from a Foxconn subsidiary, Ennoconn.
Japan-based Mitsubishi Motors is poised to scale up its EV business in the next few years. It revealed a new mid-term business plan, Challenge 2025, aiming to increase spending on...
Indonesia took a step forward to boost its EV market on March 6. The government announced a subsidy program for electric scooters, vehicles and buses. Officials said the country is...
Tesla Inc. as well as Chinese automaker BYD and South Korea's Hyundai Motor Co. are finalizing deals to invest in Indonesia's electric-vehicle industry, said a senior minister.
Solar cell and photovoltaic (PV) module makers in Taiwan have seen their operations threatened by more imports from Southeast Asia, according to Doris Hsu, chairperson of Sino-American...
Electric motorcycle manufacturer ECGO EVmoto introduced its lineup of e-motorcycles of three different sizes for bikers in Indonesia. Sales kicked off in February 2022, targeting...
Indonesia is planning to offer incentives for makers of electric cars and motorbikes, and a 40% of TKDN (domestic component level) may be required for the vehicles to be eligible...
Southeast Asia has been the emerging market that EV makers target, but some enablers are required for a takeoff. Pras Ganesh, executive vice president in charge of business transformation...
Thailand continues to receive more foreign investments from global automotive manufacturers, especially Chinese electric carmakers. Great Wall Motor and Foxconn announced their investments...
Foxconn chairman Young Liu spoke at the B20 summit, a part of the G20's event series, to promote the company's new BOL (Build-Operate-Localize) business model. He stated that to take...
