g. The Government of Japan has committed USD 20 million to the grant window, while the Government of the United Kingdom has committed USD 1.6 million. The catalytic finance window is designed to bring in cofinancing and risk-sharing from other financing partners. Korea Eximbank and the Korean Trade Insurance Corporation, known as K-SURE, each signed a USD 500 million memorandum as the facility’s first partners. Based on ADB press release...

News  Updated at: 2026/05/15

r models totaling 8 units. Commercial vehicle sales reached 1,340 units. HTV cited its diversified lineup, stable supply, and nationwide dealer network as supporting steady performance despite softer demand conditions. In May, the company continued promotional programs, including financing support, insurance offers, and customer care initiatives nationwide. (From Hyundai Vietnam press release dated May 8, 2026 and May 17, 2025)...

News  Updated at: 2026/05/12

first automaker-led dismantling facility and setting a benchmark for proper ELV management. The project involves an investment of EUR 1.6 million and spans 6,000 square meters. It can dismantle up to 10,000 vehicles per year and is expected to create around 150 jobs. Vehicles will mainly come from insurance companies, auctions, and ELV channels. Stellantis is applying a full lifecycle approach in MEA, covering remanufacturing, reuse, and recycli...

News  Updated at: 2026/05/07

Malaysia revises rules for CBU electric vehicle imports effective July 1 Announced on May 6, 2026, Malaysia’s imports of fully assembled electric vehicles (CBU EVs) under the Franchise AP scheme will be subject to 2 main conditions from July 1, including a minimum Cost, Insurance and Freight (CIF) value of RM200,000 and a revised motor output threshold of 180 kW, down from 200 kW. The Ministry of Investment, Trade and Industry (MITI) said the f...

News  Updated at: 2026/05/07

Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance confirm Toyota’s internal data leaks Regarding the unauthorized removal of internal information from Toyota Motor Corporation (Toyota) by employees loaned from major non-life insurance companies, Mitsui Sumitomo Insurance Co., Ltd. (Mitsui Sumitomo Insurance) and Aioi Nissay Dowa Insurance Co., Ltd. (Aioi Nissay Dowa) released a document on April 24 stating that they have confirmed the fa...

News  Updated at: 2026/04/27

Toyota announces loaned employees took internal data from 2016 to 2025 Toyota Motor Corporation (Toyota) announced on April 23 that its employees loaned from multiple insurance companies took its internal information and leaked it back to the loaning companies from around 2016 to 2025. Toyota confirmed external leaks of its employees’ contact information, including telephone numbers, and some of its business partners’ information. The automak...

News  Updated at: 2026/04/27

i Sdn Bhd, obtained banking facilities from AmBank on April 6 to support the expansion of its EV charging business. The package includes a term loan of up to MYR 8 million to partially fund the procurement and installation of EV charging infrastructure, as well as a MYR 500,000 facility for key man insurance. Meta Bright Chargesini has deployed 25 charging stations with 82 charging points to date. Its rollout is backed by equity partner ChargeHer...

News  Updated at: 2026/04/09

is paired with an 8-speed automatic transmission co-developed with Aisin. A 3.0L turbodiesel remains available for selected variants, including the X-Terrain. The line-up includes Single Cab, Auto Plus, Standard, Premium, and X-Terrain variants, priced from MYR 103,121 to MYR 162,938 (OTR, without insurance), with the Single Cab now also available with an automatic transmission.Updates also include revised exterior lighting, new wheel designs, a...

News  Updated at: 2026/04/03

IIHS highlights crash avoidance equipment with 2026 safety awards On March 24, the Insurance Institute for Highway Safety (IIHS) announced its Top Safety Picks for 2026 among vehicles offered in the U.S. market. The evaluated vehicles came from all OEMs, with vehicles built in the U.S., as well as imported. IIHS notes that revisions it has made in test criteria for the 2026 award season is meant to encourage OEMs to improve their crash avoidance ...

News  Updated at: 2026/03/26

nd strategic metals used in automotive components. Companies are monitoring developments closely and strengthening communication with suppliers in Europe and Asia to mitigate potential disruptions. Industry representatives indicated that longer shipping routes, higher fuel consumption and increased insurance premiums are pressuring operating costs. Cargo insurance rates have reportedly surged significantly compared to previous levels, while trans...

News  Updated at: 2026/03/24

CATL, Sinosure partner for high-quality corporate development outside of China Contemporary Amperex Technology Co., Ltd. (CATL) signed a strategic cooperation agreement with China Export & Credit Insurance Corporation (Sinosure) in Beijing.The two companies will cooperate on risk guarantees and financing support outside of China to provide CATL’s global customers with more competitive financing schemes and contribute to high-quality corporate d...

News  Updated at: 2026/03/20

Omoda C9 PHEV launched in Malaysia with initial CBU units, followed by CKD models from Shah Alam On March 18, 2026, the Omoda C9 PHEV was launched in Malaysia, priced at MYR 208,800 (OTR, excluding insurance). The model arrived as a limited 50 fully imported (CBU) units, followed by locally assembled (CKD) production units in Shah Alam. The C9 PHEV uses a Super Hybrid System with a 3-speed dedicated hybrid transmission (DHT), allowing the engine ...

News  Updated at: 2026/03/19

Jetour T2 off-road-style SUV launched in Malaysia as locally assembled model Reported on March 13, 2026, Jetour has launched the Jetour T2 SUV in Malaysia, with the locally assembled (CKD) model priced at MYR 157,669 OTR without insurance. An early-bird MYR 2,000 rebate is available for the first 3,000 registrations. The model recorded 368 bookings within the first 24 hours after launch. The T2, also known as the Traveller in some markets, featur...

News  Updated at: 2026/03/16

IIHS launches safety ratings for commercial vehicles in U.S. On March 12, the Insurance Institute for Highway Safety (IIHS) announced it is launching safety ratings for commercial vehicles in the U.S. market, beginning with cargo vans and Class 3 pickups, to satisfy an unaddressed gap in U.S. road safety standards. Unlike passenger vehicles, many commercial vehicles are not required to be equipped with automatic emergency braking systems or other...

News  Updated at: 2026/03/14

umer confidence, business sentiment, and cross-border trade activity in the near term. For the automotive sector, this typically translates into delayed purchases, tighter credit appetite and greater caution among fleet operators and distributors. OEMs and dealers may also face higher logistics and insurance costs, as well as greater difficulty forecasting demand and managing inventory. The updated forecast suggests that the region’s Light Vehi...

News  Updated at: 2026/03/11

ncluding in the Middle East and North Africa.​ It highlighted that polymer prices have climbed about 20% over the past 45 days on the back of higher global oil and gas prices, while sharp foreign exchange volatility and increased freight costs, driven by rerouted shipping lanes and tighter marine insurance amid tensions in the Middle East, the Iran–US conflict and the ongoing Russia–Ukraine war—are weighing on overall input pricing. Time...

News  Updated at: 2026/03/09

Tan Chong Motor launched the all-new Nissan Serena e-POWER in Malaysia. The 6th-generation mid-sized MPV features Nissan’s 2nd-generation e-POWER system and introduces Nissan ProPILOT driver assistance to the Malaysian market. It is available in five variants priced from MYR 154,800 (OTR, without insurance) in Peninsular Malaysia. The Serena e-POWER is driven by a 100% electric motor producing 163 PS and 315 Nm, while a 1.4-liter petrol engine ...

News  Updated at: 2026/03/06

s: Leverage the IPD (Integrated Product Development) solution to create differentiated core products. Achieve an annual sales volume in the 200,000-unit range. Launch the first Qijing vehicle model in June. -          Promote in-depth synergy and development of energy, parts, and financial insurance ecosystems with vehicle manufacturing operations. From a GAC Group press release...

News  Updated at: 2026/03/02

t management, regulatory support, and fleet financing.    • Its user experience solutions include the in-car experience, complex use cases, and end-to-end support    • Fleet operations solutions provided by Uber include AV Mission Control, remote assistance, field support operations, and AV insurance. “AV tech teams should be able to focus on what they do best: building software that can safely power an autonomous world,” said Sarfraz...

News  Updated at: 2026/02/25

(WLTP), while the AWD Prime increases output to 544 PS and 620 Nm, with about 463 km of range. DC charging peaks at 200 kW (30–80% in roughly 16 minutes), alongside 6.6 kW AC charging and V2L capability. Launched together with it, the Dongfeng Vigo EV is priced at MYR 108,888 on-the-road without insurance, or MYR 100,000 with the same MYR 8,888 rebate. The 4,306 mm-long model (2,715 mm wheelbase) uses a 161 hp front motor and 51.87 kWh LFP bat...

News  Updated at: 2026/02/10