From Hyperloops to EV Price Wars: The Wildest Tech Shifts Across Asia!
Dear readers,
China's "Mini Electric Donkey" project is gaining attention for its strong economic performance, showcasing promising market potential through production costs, sales figures, and growth rates.
Evergrande's electric vehicle unit is selling its 20% stake in a Swedish real estate firm for SEK60 million (USD5.7 million) to meet urgent tax payments.
India's IIT Madras has built a 422-meter hyperloop test track with support from the Ministry of Railways, aiming to cut travel times between Delhi and Jaipur to under 30 minutes.
In Indonesia, BNI has partnered with Geely Auto Indonesia to promote electric vehicle adoption, offering flexible financing solutions for customers.
The Minister of Transportation has called for the acceleration of road construction leading to the Karawang High-Speed Train Station to improve public access.
Tesla’s shares fell by 10% on the New York Stock Exchange due to declining electric vehicle sales in Europe, reflecting reduced demand in key markets.
In Singapore, six new electric vehicle chargers have been activated in Tengah estate, with plans to expand to 32 by the end of 2025.
South Korea's Hyundai Rotem has secured a KRW2.2 trillion contract to supply electric trains to Morocco, marking the largest single railway project in history.
Hyundai Motor and Samsung are partnering to develop high-performance robot batteries, strengthening their collaboration in electric vehicle and robotics technology.
Jürgen Germeys
China
答好“小电驴”这张综合考卷（经济聚焦）
STCN | Local Language | News
The "Mini Electric Donkey" project showcases promising economic performance and market potential, highlighted by key metrics such as production costs, sales figures, and growth rates.
Yicai Global | English | News
FAW-Volkswagen is reducing prices for its ID.4 Crozz and ID.6 Crozz electric models by up to CNY55,000 (USD7,590). The ID.4 Crozz will start at CNY139,900 (USD19,300), while the ID.6 Crozz will be priced from CNY195,900. This decision comes amid fierce competition, with the ID.4 Crozz selling 37,500 units in 2024, whereas the ID.6 Crozz recorded only 4,300 units. Buyers can also access national and company-specific subsidies of up to CNY30,000 (USD4,520).
Deal Street Asia | English | News
China Evergrande Group's electric vehicle unit plans to sell its 20% stake in Swedish real estate firm AB Trollhttan Propellern 13 for 60 million krona ($5.63 million). This sale aims to meet urgent tax payment needs and other financial obligations, with the parent company anticipating a total disposal loss of 23.8 million krona from the transaction with Logistikfastigheter i Trollhttan AB.
Yicai Global | English | News
China Evergrande New Energy Vehicle Group (Evergrande NEV) will sell its remaining 20% stake in its Swedish subsidiary's real estate investment company to meet tax and payment obligations. The agreed sale involves the National Electric Vehicle Sweden's Trollhttan Propellern 13 to Logistikfastigheter i Trollhttan for SEK60 million (approximately USD5.7 million), which is expected to incur a disposal loss of around SEK23.8 million.
India
Livemint | English | News
IIT Madras has developed India's first hyperloop test track, spanning 422 meters, with support from the Ministry of Railways. This technology promises to enable travel between Delhi and Jaipur (approximately 300 km) in under 30 minutes, cutting journey times significantly. Union Minister Ashwini Vaishnaw highlighted the importance of collaboration between government and academia in driving innovation in transportation.
Times of India | English | News
IIT Madras, in collaboration with Indian Railways, has developed a 422-meter hyperloop test track and plans to establish a 50-kilometer commercial transport corridor, potentially the world’s longest hyperloop track. This ambitious project aims to revolutionize travel, achieving speeds of up to 1,200 kilometers per hour. Minister Ashwini Vaishnaw announced additional funding for IIT Madras to assess the technology's viability.
Indonesia
Dukung Ekspansi Mobil Listrik di Indonesia, BNI Gandeng Geely
JPNN | Local Language | News
PT Bank Negara Indonesia (BNI) is collaborating with Geely Auto Indonesia to promote electric vehicle growth in Indonesia, formalized through a cooperation agreement signed on February 22, 2025, during the Indonesia International Motor Show. BNI's team highlighted the partnership's role in offering flexible financing solutions for Geely customers.
BNI jalin kerja sama dengan Geely dukung ekspansi mobil listrik di RI
Antara News | Local Language | News
PT Bank Negara Indonesia (Persero) Tbk (BNI) has joined forces with Chinese automotive company Geely Auto Indonesia to promote electric vehicle adoption in Indonesia. The collaboration aims to deliver flexible financing solutions for Geely consumers, leveraging BNI's extensive presence in the automotive financing sector.
Menhub Minta Pembangunan Jalan Akses Stasiun Kereta Cepat Karawang Dipercepat
Republika | Local Language | News
Menteri Perhubungan Dudy Purwagandhi telah meminta percepatan pembangunan jalan akses menuju Stasiun Kereta Cepat Karawang, terutama di sekitar Sungai Cibeet, untuk memudahkan masyarakat dalam menggunakan layanan kereta cepat.
Menhub dorong percepatan pembangunan akses Stasiun KC Karawang
Antara News | Local Language | News
Minister of Transportation Dudy Purwagandhi is pushing for the swift construction of access roads to the Karawang High-Speed Train Station in Bekasi Regency, West Java, to improve accessibility for local residents. During a site visit, he highlighted the necessity of developing road access and bridges in the Cibeet River area.
Dukung Ekspansi Mobil Listrik di Indonesia, BNI Jalin Kerja Sama dengan Geely
Republika | Local Language | News
PT Bank Negara Indonesia (Persero) Tbk (BNI) is advancing electric vehicle adoption in Indonesia by partnering with Geely Auto Indonesia. The formal cooperation agreement was attended by key representatives, highlighting BNI's role in supporting the automotive sector with diverse financing solutions for both dealers and consumers.
Japan
米テスラ株、一時１０％安 欧州でＥＶ販売が落ち込み
Tokyo Shimbun | Local Language | News
On February 25, Tesla's shares dropped about 10% on the New York Stock Exchange, closing approximately 8% lower than the previous day. This decline is linked to a significant decrease in electric vehicle (EV) sales in Europe, as demand has peaked in the U.S. and other markets. Expectations of deregulation fueled earlier stock gains after CEO Elon Musk's connections with the Trump administration.
米ＥＶルーシッド、ＣＥＯが退任 今年の生産台数は2倍超を予想
Yahoo Finance | Local Language | News
Lucid Motors' CEO Peter Rawlinson has resigned, effective immediately, amidst ongoing challenges in the electric vehicle (EV) market. His departure raises concerns about the company's leadership and future direction.
Inquirer Net | English | News
Sales of electric vehicles (EVs) in the Philippines are expected to increase by 7 percent in 2025, hitting a record 20,000 units. Rommel Gutierrez, President of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), noted that EVs will likely represent around 4 percent of an estimated 500,000 total vehicle purchases this year. This growth is fueled by rising consumer acceptance, favorable government policies, and improved charging infrastructure.
Singapore
Straits Times | English | News
The first six electric vehicle (EV) charging points in Tengah estate were launched on February 25, 2025, with plans for a total of 30 charging points available by year-end. These will include overnight charging options across five carparks and two fast EV chargers at Plantation Plaza. Currently, Singapore boasts 4,750 publicly accessible charging points, an increase from over 3,000 in August 2024. The new chargers at Block 112 Plantation Crescent are rated at 7.4 kilowatts (kW) and cost 53.2 cents per kilowatt-hour (kWh).
South Korea
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Joongang Ilbo | Local Language | News
Hyundai Rotem secured a KRW 2.2027 trillion contract to supply double-deck electric multiple units (EMUs) to the Moroccan Railway Authority, the largest order for a single railway project in history. These EMUs, designed for speeds of 160 km/h, will enhance public transportation around Casablanca in preparation for the 2030 World Cup. Joint maintenance will be managed by Hyundai Rotem and Korea Railroad Corporation.
Korea Herald | English | News
Hyundai Motor and Samsung have partnered to develop high-performance batteries specifically for robots, formalized through a memorandum of understanding at Hyundai's R&D Center. This initiative builds on their previous electric vehicle battery collaboration and aims to utilize both companies' strengths to create optimized batteries that fit the intricate structures of modern robotics.
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ET News | Local Language | News
Hyundai Motor Company and Samsung Electronics are testing an unmanned autonomous inspection system named 'D Scan,' utilizing 5G specialized network RedCap technology. Hyundai announced the completion of technology verification on February 26 and plans to showcase it at MWC25 Barcelona from March 3 to 6. They verified communication performance with factory equipment using a vehicle inspection terminal based on RedCap at Samsung's Suwon plant.
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Money Today | Local Language | News
The government plans to invest 600 billion won to expand electric vehicle charging facilities, targeting urban areas with high demand. The initiative aims to increase the number of charging stations to approximately 95,000, prominently featuring rapid chargers. Guidelines for subsidies to support these installations will be finalized this year, with the support project set to begin next month.
Yonhap | English | News
Drone Show Korea (DSK), Asia's largest drone exhibition, began on February 26 in Busan, featuring participation from 306 companies across 15 countries, the highest in its ten-year history. Key attendees include major South Korean aerospace and defense firms like Korean Air Lines, Korea Aerospace Industries, and LIG Nex1.
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Digital Daily | Local Language | News
Samsung SDI is collaborating with Hyundai Motor Company and Kia Motors to create high-performance batteries specifically for robots, focusing on enhancing energy density, output, and usage time. This partnership was formalized through a Memorandum of Understanding signed on February 24 at the Hyundai Motor Group's Uiwang Research Center, with key representatives from both companies emphasizing the integration of their battery and robotics technologies.
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ET News | Local Language | News
The Ministry of Environment has announced a 43% budget increase for electric vehicle (EV) charging facilities, allocating 618.7 billion won to expand EV charging infrastructure nationwide.
Taiwan
全球商貿運籌發展協會「智鏈未來·綠動全球」 開創創智慧物流新紀元
ETtoday | Local Language | News
The "8th Member Conference and Smart Chain Future Green Global" event, hosted by the Taiwan Global Trade Development Association (GLCT) on February 22, 2025, brought together industry experts, government officials, and academic leaders to discuss trends in smart logistics and supply chains. Key topics included the impact of geopolitics on global supply chains, technological innovations in smart logistics, and the necessity of sustainable green supply chains. GLCT chairman, Jia Kaijie, underscored Taiwan's pivotal role in supply chain transformation and the importance of digital advancements connecting its industries to the global market.
228連假交通疏運啟動 交通局：多搭大眾運輸工具可享優惠
NOWnews | Local Language | News
In anticipation of the 228 Peace Memorial Day holiday from February 28 to March 2, the Taichung City Government's Transportation Bureau has introduced traffic relief measures. Increased congestion is expected on National Highway 1, particularly between Fengyuan and Daya. Commuters are advised to remain flexible and consider taking Highway 74 to connect with National Highway 4 to alleviate traffic. A new interchange system at Daya, linking to Provincial Highway 74, aims to enhance traffic flow.
Vietnam
?à N?ng nghiên c?u m? tuy?n xe buyt ?i?n n?i v?i Hu?
Dantri | Local Language | News
On February 25, Da Nang City's People's Committee signed a cooperation memorandum with Vingroup Corporation to enhance green and digital transformations for sustainable development. The agreement outlines a collaboration program for 2025-2030, focusing on investments in green tourism, transportation, and lifestyle initiatives.