Electric vehicles

New import rules aim to spur local EV investment, but affordability and consumer choice remain key concerns

Managed by authorised dealer Vantage Automotive, the Tampines 1 space brings the brand into a suburban mall as it seeks to build familiarity long before consumers make a purchase

First location is expected to be operational by Q3 2027; roll-out features four fast-charging hubs

A late start and an underdeveloped supply chain could blunt the Philippines’ EV ambitions

The group’s cumulative deliveries reach 1.2 million

The company needs to sell an average about 530,000 cars a month for the rest of 2026 to touch its goal

XPeng’s chairman sees a future of flying cars and robots that help around the house. To get there, he needs to sell lots of coupe-SUVs first

Adjusted earnings were US$0.33 a share in Q2, missing the US$0.51 average of analyst estimates compiled by Bloomberg

Observers say the market has normalised, though strong demand may mean little hope of major price drops