Thailand approves Sunwoda to invest $1B in EV battery cell plants

Thailand’s Commission on the National Competitiveness Enhancement for Targeted Industries, has approved an investment by a unit of China’s Sunwoda Electronic worth more than $1 billion in the production of electric vehicle (EV) and energy storage system (ESS) batteries at the cell level, in a move that will strengthen the country’s supply chain and support EV manufacturing […]

EV tax changes to be presented to cabinet

The Finance Ministry looks set to submit support measures for plug-in hybrid electric vehicles (PHEVs) to the cabinet by April. According to Deputy Finance Minister Paopoom Rojanasakul, these support measures will take effect from Jan 1, 2026.

VinFast partners with bank to increase Indonesia’s EV adoption

VinFast and Indonesia’s state-owned Bank Negara Indonesia (BNI) have signed a memorandum of understanding to enhance the adoption of electric vehicles in Indonesia. This agreement was formalized during the Vietnam-Indonesia High-Level Business Dialogue on Mar. 11, attended by Vietnamese and Indonesian officials.