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ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

Green Car Congress

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.

Vietnam 195
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Thailand’s EV industry growing rapidly

Green Car Congress

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. million units in 2018. Thailand is making great progress in the area of sustainable mobility.

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Zomato to liquidate Vietnam subsidiary after shutting Poland business – ET Auto

Baua Electric

The company said that both step-down subsidiaries, which are currently undergoing liquidation, are not engaged in any active business operations and will have no impact on the overall operations of the company. The liquidation process is expected to be completed within four-six months of receiving the approval.

Vietnam 52
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VinFast partners with and invests in Prologium for solid-state batteries

Green Car Congress

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.

Vietnam 317
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VinFast to build EV and battery factory in North Carolina

Green Car Congress

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. The capacity of phase 1 is expected to be 150,000 vehicles per year.

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SK Group to invest $16.4B to create hydrogen production-distribution-consumption ecosystem by 2025

Green Car Congress

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 In the second phase, SK will invest 5.3

Hydrogen 376
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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

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. What is the mystery behind it?.

Asia 97