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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. The ASEAN member states are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

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

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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.

Vietnam 195
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Nikkei: China boosts domestic rare earths quota by nearly 30%

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China’s Ministry of Industry and Information Technology and Ministry of Natural Resources jointly announced that the production quota for the first half of this year will be 84,000 tons, a major jump from the 66,000 tons last year and the highest target to date for the first half.

China 301
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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 project in North Carolina affirms VinFast’s commitment in investing and developing business in its international markets in general and the US in particular.

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Zinnov: automotive witnessing highest disruption among all industries; ~$6B invested in start-ups in FY 2015

Green Car Congress

The report, which analyzed more than 60 automotive companies—30 OEMs and 30 Tier 1s, draws attention to the disruption being caused by dynamic factors including newer technologies, business models, consumption patterns and changes in the global market. The automotive industry is witness to the highest disruption among all industries.

2015 150
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Honda aiming to sell 3.5M electric motorcycles per year by 2030

Green Car Congress

Envisioning the future market environment, uses and technological advancements, Honda is exploring a range of future personal-use models including ones equipped with a power source besides swappable batteries. million units (approximately 15% of total sales) as of 2030. Commuter EVs. Commuter EMs / EBs.

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Hankuk Carbon, Dymag partner to mass manufacture carbon composite wheels for automotive

Green Car Congress

The collaboration, announced at JEC World in Paris, will apply Hankuk Carbon’s expertise in advanced materials and industrialization, leveraging Dymag’s expertise in manufacturing lightweight carbon composite wheels for the high-performance and luxury vehicle markets.

Carbon 259