Indonesia

VinFast VF8s on the road. (Photo from VinFast)

VinFast’s Promising Performance Encourages It To Set Up New Plants in Indonesia & India

Based on the results of its unaudited financial report for the 3rd quarter of 2023, Vietnamese car maker VinFast’s revenue is up 159% to $343 million year-over-year. The increase in revenue was driven by strong sales of the company’s electric vehicles (EVs) in Vietnam. Its performance gives it the confidence … [continued]

Alva CERVO

Electric Two-Wheelers in Indonesia

Out of the 125 million motorcycles in use in Indonesia as at the end of 2022, only 32,000 are electric, according to Statista. The Indonesian government intends to change that with a US$455 million subsidy to encourage the manufacture of 800,000 new electric two-wheelers and the conversion of 200,000 petrol-powered … [continued]