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VinFast founder launches EV charging operator V-Green – Charged EVs

Baua Electric

Vietnamese automaker VinFast has been on a roll lately—the company plans to expand to 50 countries in 2024, and is working on EV manufacturing plants in the US, India and Indonesia. In the initial phase, the company will seek out land and partners to establish its charging network in “key markets around the world.”

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China’s CBL to invest $420 million in Indonesian nickel mining and EV battery manufacturing – Charged EVs

Baua Electric

Chinese EV battery company Ningbo Contemporary Brunp Lygend (CBL) has agreed to invest $420 million in Indonesia’s nickel mining and EV battery manufacturing industries. CBL is a consortium and a subsidiary of China’s Contemporary Amperex Technology (CATL). It’s been signed.

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Toyota sales slide as aggressive price cuts by BYD, Chinese EV makers take effect

Baua Electric

Toyota’s electrified vehicle lineup (RZ, RX, NX, UX300e) (Source: Toyota) Toyota sales hit in 1H 2024 with BYD’s EV price cuts Toyota’s sales are down by double-digits through the first half of 2024 in China (-10.8%), Indonesia (-10%), and Thailand (-15%). BYD also recently launched its first electric MPV in Indonesia.

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Exicom claims to have launched India’s fastest DC Charger | Autocar Professional

Baua Electric

Exicom, an electric vehicle charging and critical power solutions firm, has announced the launch of what it claims is India’s fastest DC charger, up to 400kW. The newly launched Harmony Gen 1.5 Harmony Gen 1.5

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VinFast’s EV plant in Tamil Nadu to open in first-half 2025 | Autocar Professional

Baua Electric

Meanwhile, construction on a new plant in Indonesia is also slated to commence within the next couple of months. In Indonesia, VinFast announced plans, in September 2023, to invest US$ 200 million (about Rs 1,658 crore) in an assembly plant with an annual capacity of up to 50,000 EVs.

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CATL accelerates overseas expansion as it outgrows China’s booming EV market

Baua Electric

With CATL’s chairman now leading the efforts, the company is making overseas growth a top priority as it outgrows China’s surging EV market. However, as CATL outgrows China’s surging EV market, the company is looking overseas for growth. Robin Zeng, CATL’s president, is now in charge of the company’s overseas offensive.

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VinFast to invest hundreds of millions to implement own global line of branded EV chargers

Baua Electric

In those three short years, however, we’ve seen the young company introduce several all-electric models with more on the way, initially entering markets in Vietnam alongside expansions to North America , Europe, and beyond. FTC: We use income earning auto affiliate links.

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