NEV Collaborations, Market Challenges, and Infrastructure Advancements Across Asia

Dear readers,

German carmakers are seeking to deepen cooperation with China in the NEV sector, with BMW's Jochen Goller praising China's supportive policies and technological advancements.

In India, Ola Electric shares dropped 4%, falling below Rs 100 for the first time since its listing, prompting the company to expand its service network to boost EV adoption.

In Singapore, the People's Association is upgrading 750 Residents' Network Centers with smart systems to enhance community engagement and ease activity participation.

South Korea's government approved business restructuring for 17 companies in the electric vehicle, battery, and medical sectors, aiming to create new jobs and stimulate investment.

Taiwan’s fastener industry faces challenges from low-priced Chinese competitors, prompting calls for large-scale automated warehousing to improve international competitiveness.

In Vietnam, a new government plan is facilitating cross-border transport within the Greater Mekong Subregion, improving legal frameworks and cooperation.

Jürgen Germeys

• Why did Taiwan’s fastener industry want a big warehouse?
• They needed a place to screw around... in bulk!"

China

Economic Watch: German carmakers eye increased, deeper NEV cooperation with China

Xinhua | English | News

German carmakers are keen on strengthening collaboration with China in the new energy vehicle (NEV) sector, as highlighted at the 2024 World New Energy Vehicle Congress in Haikou. Jochen Goller from BMW praised China's NEV market for its supportive government policies and technological advancements, expressing interest in integrating more Chinese battery manufacturers into the European market.

German carmakers eye increased, deeper NEV cooperation with China

China Org Cn | English | News

German carmakers are optimistic about enhanced cooperation with China in the new energy vehicle (NEV) sector, as highlighted during the 2024 World New Energy Vehicle Congress in Haikou. Jochen Goller from BMW AG acknowledged the rapid growth of China's NEV market, attributing it to effective government policies and technological advancements. He reiterated BMW's commitment to an open market and fostering partnerships with Chinese battery manufacturers in Europe.

醇氢电动汽车驶向台前 预计年产业价值将超百亿元

Alcohol-hydrogen electric vehicles are coming to the fore, and the annual industry value is expected to exceed 10 billion yuan

Caijing | Local Language | News

China's "dual carbon" goal is propelling the rise of alcohol-hydrogen electric vehicles (AHEVs) as pivotal for transforming the transportation sector. Despite comprising only 12% of total vehicle ownership, commercial vehicles contribute over 55% of carbon emissions, highlighting the urgency for new energy solutions. While new energy vehicle penetration reached 41.5% recently, commercial alternatives remain low at just 15.1%. The complexity of transitioning to new energy fuels in commercial vehicles has sparked interest in AHEV technology.

India

Ola Electric shares fall 4%, slip below Rs 100 for the first time since listing

The Economic Times | English | News

Shares of Ola Electric Mobility fell 4% to Rs 98.4, marking the first drop below Rs 100 since its public listing in August. This decline represents a 37.5% decrease from its peak of Rs 157.4 shortly after the listing. In response, the electric scooter manufacturer plans to double its service center network to 1,000 by December as part of its Hyperservice initiative to boost electric vehicle (EV) adoption in India.

Singapore

桌游玩家在智能型居民联系网中心组活动更方便

It is more convenient for board game players to participate in activities in the smart resident contact network center

8World News | Local Language | News

The People's Association is upgrading 750 Residents' Network Centers with smart operating systems by 2026 to facilitate convenient booking and enhance community engagement.

South Korea

"호스 만드는 기업이 전기차부품 업체로"...17개 기업 사업재편 승인

"Hose Manufacturing Company Becomes Electric Vehicle Parts Company"...17 Companies Approved for Business Restructuring

Money Today | Local Language | News

The South Korean government has approved restructuring plans for 17 small and medium-sized enterprises in the electric vehicle, secondary battery, and medical device sectors. These companies, which include Pyeonghwa Industries and Mecovi, aim to invest 183 billion won and create 577 new jobs over the next five years.

Taiwan

扣件業突圍 蔡永裕籲建大型自動倉儲

Fastener industry breaks through, Cai Yongyu calls for building large-scale automatic warehousing

Yahoo Finance | Local Language | News

Chairman Cai Yongyu addressed challenges in Taiwan's fastener industry during the "Fastest Industry Boom Symposium" organized by the Industrial Development Administration. The event brought together 26 manufacturers to discuss strategies for enhancing international competitiveness. Cai highlighted the detrimental impact of low-priced Chinese fasteners on local firms, particularly regarding public tenders that favour cheaper bids, resulting in unfair competition.

《DJ專訪》華城電能公/私部門並進，改變充電生態

"DJ Exclusive Interview" Huacheng Electric Power's public and private sectors are advancing simultaneously to change the charging ecology

Yahoo Finance | Local Language | News

Xu Yisheng, CEO of Huacheng Electric Energy, emphasized the need for strategic placement of electric vehicle (EV) charging piles to improve user convenience. He noted that electric vehicles tend to be parked longer than they are driven, prompting partnerships with private sector locations like malls and restaurants to promote charging during consumer downtime. The company also participates in public sector bids to ensure charging solutions are available in public parking lots.

Vietnam

Tạo thuận lợi vận tải người, hàng hóa qua lại biên giới giữa các nước Tiểu vùng Mê Công mở rộng

Facilitating the transport of people and goods across borders between countries in the Greater Mekong Subregion

VTV News | Local Language | News

Deputy Prime Minister Bui Thanh Son has signed Decision No. 1052/QD-TTg to implement a Plan that enhances routes and border gates under the Agreement on Facilitation of Cross-Border Transport of People and Goods in the Greater Mekong Subregion (GMS). This Plan seeks to align the Memorandum's provisions with Vietnamese laws, improve coordination among ministries, and clarify responsibilities. It emphasizes reviewing existing legal documents and proposing amendments to establish a solid legal framework.

Mở rộng quy hoạch đô thị từ đường sắt tốc độ cao Bắc – Nam

Expanding urban planning from the North-South high-speed railway

VTV News | Local Language | News

The North-South high-speed railway will connect Ngoc Hoi station in Hanoi, passing through 20 provinces to reach Thu Thiem station in Ho Chi Minh City. Historically, regions around high-speed rail stations experience considerable infrastructure and socio-economic growth through the Transit-Oriented Development (TOD) model, which will be integral to urban development strategies tied to this railway project.

Chi hàng trăm triệu đồng sắm drone tưới vườn xoài trên đồi

Spending hundreds of millions of dong to buy a drone to water the mango garden on the hill

VN Express | Local Language | News

In late September, Mr. Trung from Va Ly village used a 50 kg agricultural drone to spray pesticides over his 7-hectare mango garden in Cam Lam district. The drone, with a 40-liter pesticide tank, operates autonomously at a 5-meter height and covers the entire area in about four hours. Monthly labor costs for manual spraying previously reached 5 million VND, but with the drone, Mr. Trung's expenses have plummeted to around 500,000 VND for fuel. He reported improvements in pest control and time efficiency since the drone’s introduction, which he purchased for 370 million VND.