Grab and BYD Join Forces to Accelerate EV Adoption in Southeast Asia
Grab, Southeast Asia’s leading ride-hailing and delivery app, has announced a strategic partnership with Chinese electric vehicle (EV) maker BYD. The collaboration aims to scale Grab’s EV fleet while making electric mobility more accessible to drivers and passengers in key markets such as Malaysia, Singapore, and Indonesia.
Grab expands EV fleet in Southeast Asia with BYD
Southeast Asian ride-hailing giant Grab has announced plans to expand its electric vehicle fleet and has formed a strategic partnership with Chinese automaker BYD. The goal is to add 50,000 electric vehicles across six Southeast Asian countries to meet its 2040 carbon neutrality target.
More investments needed for infrastructure as Asean works towards an interconnected grid
ABU DHABI – The Asean power grid, which will allow countries in the region to trade electricity with one another, has made some headway with several recent agreements.
Japan deepens green energy, CCS cooperation in Southeast Asia
To reinforce Japan’s influence in Southeast Asia, Japanese Prime Minister Shigeru Ishiba embarked on his first official overseas visit after taking office, choosing Malaysia and Indonesia—two key ASEAN member countries—for his trip.
Australia invests in Southeast Asia’s clean energy transition
Australia has made the initial investment under its Government’s 2 billion AUD (1.3 billion USD) Investment Financing Facility, which Prime Minister Anthony Albanese unveiled at the ASEAN-Australia Special Summit earlier this year.
Southeast Asia expands pumped hydro to boost energy storage
As Southeast Asia rapidly transitions toward renewable energy, countries across the region are investing heavily in pumped hydro energy storage (PHES) to enhance grid stability and support sustainable growth.
PE2: USD 892B needed to achieve Energy Efficiency goals in Southeast Asia
The Philippine Energy Efficiency Alliance (PE2) says that to achieve the energy efficiency goals in Southeast Asia, around USD 892 billion in investments will be needed by 2040.
Coal has covered more than 90% of the electricity demand growth in ASEAN countries
In 2023, electricity demand in ASEAN countries – such as Brunei, Vietnam, Indonesia, Cambodia, Laos, Malaysia, Myanmar, Singapore, Thailand and the Philippines – rose by 3.6%. In absolute terms, the increase was 44.7 terawatt-hours (TWh), comparable to New Zealand’s annual electricity consumption. Coal-fired thermal power plants played a key role in meeting growing demand, increasing […]
