As of April, stock levels reached 3.5 million vehicles, equivalent to 57 days of inventory, the highest since late 2023. Go to Source
Author: Tech In Asia Online News
Your next car could be a Chinese EV
As SEA vehicles become more electric, Chinese automakers are leading the charge. Meanwhile, ShopBack records improved financials for FYE 2024. Go to Source
Indonesia gov’t sets max ride-hailing fees at 20%
Minister of Transportation Dudy Purwagandhi said the regulation prohibits companies from charging more than 20% commission. Go to Source
Indonesian ride-hailing drivers protest low pay, merger fears
The protests spread to Java cities, including Surabaya, Bandung, Yogyakarta, and Semarang. Go to Source
Ola confirms death of 24-year-old Krutrim engineer
The company described him as a valued colleague and expressed deep condolences over his passing. Go to Source
ID ride-hailing drivers plan mass suspension, protest on May 20
Drivers from East Java, Central Java, Yogyakarta, and Sumatra will join the protest in Jakarta. Go to Source
Chinese carmakers race to lead in flying car market
These companies aim to establish a presence in urban air mobility, contributing to the emerging low-altitude economy. Go to Source
This Didi spinoff nets $41.6m to scale driverless trucks in China
Carl Robotics is currently testing autonomous truck platoons in northern and northwestern China. Go to Source
Indonesia’s EV battery bet falters amid global, local pressure
While investors are pulling out amid policy gaps and red tape, nickel’s decreasing popularity may be the main risk for Indonesia’s EV supply chain ambitions. Go to Source
Nissan Q4 result cuts Renault Group’s income by $2.45b
The decrease is linked to impairments and restructuring costs associated with Nissan’s turnaround efforts. Go to Source