This target represents a 79% increase from its sales figures of 2.79 million units in 2023. Go to Source
Author: Tech In Asia Online News
Hyundai’s five EV models eligible for US tax credits
Hyundai’s eligible EVs can yield buyers up to US$7,500 in tax credits starting January 2025. Go to Source
Tesla’s 2024 sales hit record high, global deliveries fall
China accounted for 36.7% of Tesla’s total deliveries in 2024, its second-largest market. Go to Source
Grab uses OpenAI’s GPT-4o to improve map accuracy
Grab employed motorbike riders with 360-degree cameras to gather millions of street-level images. Go to Source
Grab buys equity stake in Cambodian food delivery, ecommerce app
The deal is considered one of the largest venture capital exits for a Cambodian company. Go to Source
Ola Consumer launches 10-minute grocery delivery in India
Ola Consumer enters India’s quick commerce market, where Blinkit, Swiggy, and Zepto earned over US$900 million in 2023-2024. Go to Source
Ola Electric execs resign amid rising consumer complaints
Resignations come amid rising consumer complaints and a probe by the Central Consumer Protection Authority. Go to Source
Chinese EV maker Li Auto expands into AI, humanoid robots
Li Auto’s Mind GPT aims to compete among China’s top three foundational AI models. Go to Source
Singapore ride-hailing services raise fares due to labor law
Grab, Gojek, ComfortDelGro Zig, and Tada will raise their platform fees by up to S$0.5 (around US$0.37) starting January 1. Go to Source
Foxconn invests $82m in Zhengzhou EV battery plant
Foxconn’s EV battery plant will be near its largest iPhone manufacturing site in Zhengzhou. Go to Source