The Malaysian Government has implemented several initiatives to encourage local companies to increase their efforts to manufacture electric vehicles (EVs) to support the development direction of the local automotive industry.

Indonesian President Joko Widodo on September 14 announced that a battery plant for electric vehicles (EV) in Karawang, West Java, is expected to become the largest of its kind in Southeast Asia.

The Ministry of Transport has just submitted its proposal to Deputy Prime Minister Tran Hong Ha on incentives for electrical vehicle (EV) producers and users.

Indonesia's Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan on May 30 revealed that the country can receive an estimated 31.9 billion USD in investments for project tied to battery supply chain by 2026.

Automakers and raw material extraction companies are eyeing the nickel industry in Indonesia as the race to secure raw materials for EV batteries continues to heat up.

Indonesia targets 200-250 trillion rupiah in investment during its presidency at the 2022 G20 forum, the country’s Investment Minister and Investment Coordinating Board (BKPM) Head Bahlil Lahadalia has said.

Center Power Tech Vietnam, a subsidiary of China’s Vision Group, on April 11 put into operation the third phase of its factory at Nhon Trach 2 Industrial Park in Dong nai province.