News
December 31, 2025
Vietnam EV taxi operator GSM eyes Hong Kong IPO to fuel regional growth
Vietnamese electric taxi operator Green and Smart Mobility JSC (GSM), part of the Vingroup group, is assessing the feasibility of a Hong Kong listing. Reuters cited Vingroup as saying that advisory views have suggested a valuation of around USD 20 billion
December 29, 2025ASEAN Weekly: Vietnam sets carbon allowance pilot; Indonesia’s Danantara backs renewable projects
This week in Southeast Asia, renewable energy, carbon governance, and marine sustainability take center stage. Indonesia’s Danantara fund backs PLN to speed up green projects, while the government cracks down on illegal palm oil and mining.
December 24, 2025Korea’s LS Group to invest $17.6 million in Vietnam rare earth magnet supply chain
South Korea’s LS Group announced on Dec. 17 that it will invest in Vietnam’s rare earth sector, committing KRW 25.8 billion (USD 17.6 million) to expand related facilities at its plant in Ho Chi Minh City.
December 22, 2025How Hanoi plans to curb air pollution with electric buses, taxis by 2030
Hanoi is stepping up efforts to fully transition to green transportation by 2030, with the city government pledging to expand low-carbon public bus services and roll out supporting measures.
December 17, 2025What’s in EU Commission’s plan to soften 2035 petrol, diesel car ban?
The European Union has confirmed plans to weaken its landmark 2035 ban on the sale of new petrol and diesel cars on Dec. 16, easing one of its most ambitious climate policies for the automotive sector.
December 16, 2025ASEAN outpaces U.S. in EV sales share: Ember highlights three key factors
Southeast Asia is rapidly emerging as a new global hotspot for electric vehicle (EV) adoption. A recent analysis by Ember finds that Thailand's EVs accounted for 20% of new car sales in 2025.
December 16, 2025Vietnam’s hybrid tax breaks to spark new auto investment cycle in 2026
Starting in 2026, hybrid electric vehicles (HEVs) in Vietnam will be subject to an excise tax rate equivalent to 70% of that applied to conventional gasoline and diesel cars.
December 03, 2025Malaysia’s Perodua launches first EV with battery leasing to cut ownership costs
Malaysia’s automotive giant Perodua has formally entered the electric-vehicle market with the launch of its first fully electric model, the QV-E, on Dec. 1. The company is also introducing a battery-leasing scheme to lower upfront purchase costs.
November 17, 2025Can Malaysia’s first EV battery passport in ASEAN spark green economy growth?
Malaysia has introduced the country’s—and ASEAN’s first—Electric Vehicle (EV) Battery Passport Standard, requiring full lifecycle transparency from production to end-of-life reuse.
September 09, 2025Singapore extends EV incentives, cuts hybrid car subsidies
As electric vehicles (EVs) gain traction, Singapore has revised its incentive schemes to further accelerate adoption. The EEAI and the VES will be extended, but rebates for hybrid cars will be removed.