After delays with its initial Vietnamese distributor, BYD made its launch into the Southeast Asian country this week with an aggressive sales network expansion. BYD Vietnam expects to open ten 4S outlets in Hanoi, Ho Chi Minh City, and 5 other provinces across the country by the end of July. It plans to expand to 100 4S stores across Vietnam within 3 years. Three models are being offered in Vietnam which are the BYD Dolphin, BYD Atto 3, and BYD Seal. The cheapest BYD model, the Dolphin GLX start

CY Foong

Jul 25, 2024

In March 2022, Porsche announced an ambitious goal of having half of its 2025 global sales to be contributed either by plug-in hybrids (PHEVs) or battery EVs (BEVs), and for BEV sales contribution to reach 80% by 2030. Now, Porsche is reframing that target, saying that the 80% goal still stands but only if factors like market demand and infrastructure can support the goal. "The transition to electric cars is taking longer than we thought five years ago," Porsche said in a statement to Reuters. "

Hans

Jul 25, 2024

At the ongoing 2024 Gaikindo Indonesia International Auto Show (GIIAS), Citroen Indonesia announced that it will begin local assembly (CKD) of the Citroen e-C3 battery electric vehicle (BEV) in August. This is followed by a Memorandum of Understanding (MoU) signing ceremony by representatives of Stellantis and the Indomobil Group. The SUV-esque BEV hatchback will be assembled at PT National Assemblers’ facility in Purwakarta. Citroen in Indonesia is distributed by the Indomobil Group which also

CY Foong

Jul 25, 2024

Starting today 25-July 2024, Puspakom will be adopting e-invoicing for all transactions. The move also means that private individuals and companies who wish to buy and sell cars are now required to provide their tax identification number (TIN). The obvious question now is what about individuals who are not taxpayers? In such cases, Puspakom has clarified that in such cases, the individual's IC number can still be used. “To further clarify, for individuals, their TIN is actually the same as their

Hans

Jul 25, 2024

Sime Darby Berhad and Porsche Malaysia have announced the completed expansion of Porsche’s assembly facility at Inokom in Kulim, Kedah. The upgraded facility is now expanded to 11,000 square metres to accomodate the increased capacity and a new assembly line, to produce the Porsche Cayenne S E-Hybrid Coupe; the first Malaysian-assembled Porsche to be exported to Thailand. It is also the first time a plug-in hybrid (PHEV) is assembled at the facility. Note that the new Porsche Cayenne S E-Hybrid

Arvind

Jul 25, 2024