EV Battery Prices Hit Record Low, Sparking Optimism for Mass Adoption
Electric vehicle (EV) battery packs are now more affordable than ever, with average costs dropping 20% in 2024 to $115 (RM517) per kilowatt-hour (kWh), according to BloombergNEF’s annual battery price survey. This sharp decline, the most significant since 2017, is attributed to an oversupply of production capacity, reduced prices for raw materials and components, and […]
BYD Surges Ahead in China’s Booming EV Market, Set to Surpass Honda and Ford in 2024
China’s electric vehicle (EV) powerhouse BYD continues its meteoric rise, capturing a larger share of the world’s largest car market during its fastest-growing month of 2024. With record-breaking sales in November and aggressive expansion strategies, BYD is on track to exceed its global annual sales target of 4 million vehicles, positioning itself ahead of major […]
Perodua Unveils the eMO-II Prototype: Most Affordable EV to be Introduced by 2025
Perodua has revealed its bold plans to introduce Malaysia’s most affordable electric vehicle (EV) by 2025. With an estimated price range of RM50,000 to RM90,000, this initiative aims to make sustainable mobility accessible to a broader audience. The centrepiece of this vision is the eMO-II prototype, showcased at the Kuala Lumpur International Motor Show (KLIMS) […]
Government Bolsters EV Charging Infrastructure Development with Key Incentives
The Malaysian government continues to support the growth of electric vehicle (EV) charging infrastructure, offering various incentives despite the absence of specific provisions in the 2025 Budget. Key Incentives for Charging Site Operators (CPOs) The Ministry of Investment, Trade, and Industry (MITI) highlighted several incentives available to encourage the development of EV charging stations: Green […]
BYD Malaysia Unveils the Sealion 7 Starting from RM183,800
Sime Darby Motors, the official distributor of BYD cars in Malaysia, has launched the BYD Sealion 7, a flagship electric SUV that redefines performance, style, and utility in the Malaysian EV market. The Sealion 7, featuring innovative technology and a premium design, is available in two variants: Premium and Performance. Performance and Specifications The BYD […]
Bentley Crossover SUV EV to Debut in 2026
Bentley is accelerating toward its electric future, building on a path that began with the introduction of the Bentayga Hybrid in 2018. With plug-in hybrid versions of the Continental GT and Flying Spur now available, the luxury automaker has officially announced plans for its first fully electric vehicle (EV), set to debut in 2026. This […]
Toyota Delays First US Electric Vehicle Launch Amid Strategic EV Expansion
Toyota has announced a delay in the start of production for its first US-made electric vehicle (EV), pushing the launch from late 2025 to early 2026. This will affect the manufacturing of a three-row, battery-powered SUV at its Georgetown, Kentucky plant. However, the Japanese automaker remains committed to its EV strategy, planning to introduce up […]
Malaysia Balances Trade Tensions and EV Growth Amid US-China Rivalry
Malaysia is cautiously navigating global trade tensions, particularly as it seeks to maintain competitiveness in its growing electric vehicle (EV) industry, according to Investment, Trade, and Industry Minister Tengku Zafrul Aziz. In an exclusive interview, Zafrul highlighted the potential global impact of rising US-China tensions, especially regarding the tech supply chain, while underscoring Malaysia’s commitment […]
Electronics Company Sharp Enters the EV Game with First Concept Car: The LDK+
Sharp has officially entered the electric vehicle (EV) market with its first concept car, the LDK+, revealed at the Sharp technology exhibition in Tokyo from 17-18 September 2024. Known for its expertise in electronics, Sharp aims to redefine electric vehicles by focusing on not just efficiency but also transforming them into entertainment hubs. The LDK+ […]
SAIC Motors Hit with 36.3% Additional Tariff by the European Union
SAIC Motors, a major Chinese electric vehicle manufacturer and partner to both General Motors and Volkswagen, has been hit with a significant 36.3% additional tariff by the European Union. The EU imposed this hefty tariff after accusing the state-owned company of benefiting from “unfair subsidisation,” which allegedly harmed European competition. The tariff is a revision […]