Vietnamese electric motorbike maker Dat Bike secured $22 million in fresh funding as it takes on established players such as Honda Motor and Yamaha in one of the world’s fastest-growing two-wheel electric vehicle markets. The new capital will be used to expand manufacturing capacity, boost market presence and develop new products, Chief Executive Officer and…
Wayve Technologies, a U.K.-based artificial intelligence startup backed by SoftBank, has tapped Japan as the next location in its global expansion. On Tuesday, it announced the opening of a test center in Yokohama, making Japan its fourth market after the U.K., U.S. and Germany as it looks to work with major carmakers in developing AI-driven…
HONG KONG — In a year full of geopolitical uncertainty and rising trade barriers, Chinese automakers are not backing away from global markets but instead ramping up their expansion efforts. On Tuesday, Xpeng said it is targeting more than doubling its overseas sales to over 40,000 units and expanding to over 300 sales and service…
Foreign carmakers are losing ground in China as the country’s EV price war heats up. Domestic brands are set to capture 70% of the market this year, while foreign players face shrinking demand and tough choices—invest more or exit. So, what’s next for global automakers in the world’s largest EV market? Let’s break it down…