electric vehicle (EV) market

Chinese EV maker Nio listed on the Singapore Exchange on May 20. Photo: Singapore Exchange

RHB views the business will take time to turn profitable as Singapore’s EV adoption is still in its early stages.

Dyson previously said it intends to hire more than 2,000 people in Southeast Asia but said in July it will cut 900 jobs globally.

The muted and short-term reaction in the crude oil market on the escalation of conflict between the US and Iran signals the end of petroleum diplomacy between the oil states, especially those in the Middle East.

(Jan 7): Tesla Inc. kicked off production in China, marking a major step in Chief Executive Officer Elon Musk’s global push for electric-vehicle domination and heralding what could be the dawn of real competition in the world’s largest EV market.

(Dec 4): British exotic sports car maker McLaren Automotive will bank on expanded sales in Asia and a new generation of hybrid cars as it steers toward a potential public offering, the company’s chief executive said on Tuesday.

(Oct 30): The best-performing sector in the global stock markets over the last two months has been neither internet technology nor oil. Rather, it is one that had been a laggard for years: automobile manufacturers. As investors chased up shares in fledgli