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The Business Times - Find latest business & financial news including analysis and opinion on top business stories, stock markets in Singapore, Asia-Pacific & global market news and more at The Business Times. Find latest business & financial news including analysis and opinion on top business stories, stock markets in
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News
Longer bidding interval pushes up COE premiums; Cat A at all-time high
4+ day, 23+ hour ago (166+ words) Categories A and B are oversubscribed by 43%, notes an industry observer [SINGAPORE] Certificate of Entitlement (COE) premiums rose across the board for all categories of vehicles in the latest round of bidding on Wednesday (Sep 9), which automotive industry observers attributed…...
China's car exports stay strong in August but domestic sales decline more
6+ day, 3+ hour ago (478+ words) Passenger vehicle exports jumped 77.5% from a year earlier to 894,000 units in August [BEIJING] China’s car exports stayed robust in August as BYD and other automakers shipped a record number of vehicles overseas, in sharp contrast to a sluggish domestic market…...
Heavy EV incentive cut will slow adoption but could ease COE premiums: observers
1+ week, 5+ day ago (1154+ words) The reduction to S$15,000 from S$40,000 is aimed at the largest segment of EHVs in the 3,501 to 7,000 kg range [SINGAPORE] The Land Transport Authority (LTA) announced on Wednesday (Sep 2) that incentives for certain electric heavy vehicles (EHVs) will be sharply…...
Japan’s Toyota and Honda may get stuck with the bill as Trump eyes 50% Canada auto tariffs
2+ week, 5+ hour ago (704+ words) Tariffs could force both automakers to close some Canadian assembly lines, analysts say [TOKYO] US President Donald Trump is targeting Ottawa with a proposed 50 per cent tariff on Canadian car imports – but Japan’s Toyota and Honda may end up footing…...
South-east Asia’s top EV startups draw US$622 million in funding since 2016: report
3+ week, 3+ hour ago (512+ words) Singapore accounts for more than 60% of the total capital raised by the 16-company cohort SOUTH-EAST Asia’s leading electric-vehicle (EV) startups have raised a combined US$622 million in disclosed equity funding since 2016, with Singapore emerging as the region’s main centre for…...
South-east Asia’s top EV startups draw US$622 million in funding since 2016
3+ week, 2+ hour ago (464+ words) Singapore accounts for more than 60% of the total capital raised by the 16-company cohort SOUTH-EAST Asia’s leading electric-vehicle startups have raised a combined US$622 million in disclosed equity funding since 2016, with Singapore emerging as the region’s main centre for both…...
China launches biggest ever auto recall campaign over door handle safety
3+ week, 2+ day ago (376+ words) The sweeping campaign comes as Beijing steps up oversight of the EV industry [BEIJING] Eleven carmakers, including Tesla and Xiaomi, launched software updates and vehicle recalls on Friday (Aug 21), the companies said, in China’s largest-ever automotive recall campaign, as regulators…...
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
3+ week, 4+ day ago (454+ words) The investment marks the platform’s broader shift towards a hybrid taxi and private-hire model [SINGAPORE] ComfortDelGro will invest more than S$10 million to boost its private-hire vehicle (PHV) fleet with BYD’s hybrid and electric vehicles (EVs), it said on Thursday…...
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for PHV fleet
3+ week, 4+ day ago (433+ words) The investment marks the platform’s broader shift towards a hybrid taxi and private-hire model [SINGAPORE] ComfortDelGro: C52 0% will invest more than S$10 million to boost its private-hire vehicle (PHV) fleet with BYD’s hybrid and electric vehicles (EVs), it said on Thursday…...