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News
Mercedes-Benz debuts Studio lifestyle concept in South-east Asia with Singapore branch
3+ week, 4+ day ago (545+ words) president and CEO of Mercedes-Benz Singapore, told The Business Times: “With Studio we are bringing the Mercedes-Benz...
South-east Asia’s top EV startups draw US$622 million in funding since 2016
3+ week, 3+ 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…...
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for PHV fleet
3+ week, 4+ day ago (433+ words) largely to a sharp drop in its taxi and private-hire business. Operating profit for that segment dropped more...million. ComfortDelGro CEO Cheng Siak Kian told The Business Times ahead of the results that the company knew...it needed to improve…...
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
3+ week, 4+ day ago (454+ words) largely to a sharp drop in its taxi and private-hire business. Operating profit for that segment dropped more...million. ComfortDelGro CEO Cheng Siak Kian told The Business Times ahead of the results that the company knew...it needed to improve…...
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…...
Industry expects Category A mainstream car COE premiums to rise in 2026
3+ week, 5+ day ago (144+ words) They tie this to reduced quota and increased time for returning de-registrations to the market [SINGAPORE] After the latest round of Certificate of Entitlement (COE) bidding on Wednesday (Aug 19), automotive industry observers said they do not expect passenger car premiums…...
Longer bidding interval pushes up COE premiums; Cat A at all-time high
5+ day, 37+ min 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…...
Toyota, Honda face biggest hit from Trump’s proposed 50% tariff on Canadian cars
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…...
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…...
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…...