News

Vietnam leads Southeast Asia in solar power generation, and the government has actively set policies to promote renewable energy. However, the International Energy Agency (IEA) forecasts that Vietnam's coal imports will surpass Taiwan in 2024.

Japan's two major automakers, Honda and Nissan, confirmed they are considering a merger. Soon after, reports emerged that Foxconn is interested in acquiring Nissan, aiming to bolster its brand in the electric vehicle sector.

Vietnam's renewable energy sector is booming, and Japanese companies operating locally are noticing the shift.

In addition to reaffirming the goal of achieving 20% nuclear power by 2030 and extending it through 2040, Japan will also allow the construction of new nuclear reactors and remove the phrase "reduce dependence on nuclear power as much as possible."

As the EV trend continues to gain momentum, Malaysia's first homegrown automaker, Proton, launched its first EV, the e.MAS7, on Dec. 16.The base model is priced at under RM 110,000, making it highly competitive compared to existing players.

The government has ambitious plans for renewable energy but coal power is still on the rise.

In its push for net-zero emissions by 2050, the Indonesian government has announced plans to construct at least 20 nuclear power plants, with the first project expected to be awarded to US nuclear developer ThorCon.

The early end of Olaf Scholz’s coalition government follows a three-year term marked by crises and a deep internal dispute over funding for future climate and energy policies.

The electric vehicle charging station market in Singapore is undergoing significant changes. Some operators are opting to divest, with one company acquiring three competitors and over 140 charging points in one go.

Starting on Dec. 26, the Department of Energy (DOE) of the Philippines has announced that the Renewable Energy Certificate (REC) trading system will fully return to a market-driven mechanism.