GAC Energy, Maxwealth Leasing forge partnership for energy replenishment financial leasing services for NEVs On June 17, GAC Energy, at its headquarters, signed a strategic cooperation agreement with Maxwealth Financial Leasing Co., Ltd. (Maxwealth Leasing) to deeply integrate the superior power of industries and finance. Placing emphasis on the construction and equipment renewal of core GAC Energy facilities such as charging and battery swapping...

News  Updated at: 2025/06/19

t, Russia has already launched 10 modern sites - in Tolyatti, Izhevsk, Moscow, St. Petersburg, Tula, Kaluga regions, and several other regions. Electric cars are also assembled there. To stimulate buyer demand in 2024, about RUB 43 billion was allocated. These funds went to preferential lending and leasing so that people could buy new cars on favorable terms. In terms of the number of cars sold, the Russian market last year, according to the Euro...

News  Updated at: 2025/06/18

JBM Electric Vehicles, India enters European market with ECOLIFE bus On June 16, JBM Electric Vehicles (JBM EV) launched its all-electric city bus, ECOLIFE, at the UITP Summit 2025 in Hamburg, Germany, marking its entry into the European Union market. As part of its European expansion, JBM EV has partnered with KazenMaier as its preferred German leasing partner. JBM also established its European headquarters in Frankfurt, Germany. This new hub wi...

News  Updated at: 2025/06/16

an nationwide by providing free storage batteries to companies and remotely managing them to help balance energy supply and demand, according to local sources In 2021, Tesla started a virtual power plant (VPP) in Miyakojima city, Okinawa prefecture. It will expand its business in collaboration with leasing company Fuyo General Lease and Fukuoka-based energy company Global Engineering. (multiple sources on June 13, 2025)...

News  Updated at: 2025/06/14

to these challenges, the Thai government has implemented measures to guarantee hire purchase loans for pickup trucks, with applications open from April 1 to December 30, 2025. This initiative aims to enhance access to financing by mitigating risks for financial loan guarantees, thereby encouraging leasing firms to approve more loans particularly for small and medium-sized enterprises (SMEs). According to the Finance Ministry, the program aims to...

News  Updated at: 2025/06/12

Wardwizard, India signs MoU with XiCon for leasing 7,500 electric two-wheelers On May 28, Wardwizard Innovations & Mobility Ltd. (WIML) announced a partnership with XiCon International Ltd., a Mumbai-based engineering and manufacturing company and a subsidiary of Kaiser Corporation. XiCon has placed an order to lease 7,500 units of Wardwizard’s Wolf+ model for the financial year 2025-26 and 2026-27 (ending March 31, 2027).  This large-scale de...

News  Updated at: 2025/05/29

ntributed 32%, followed by the Gran Max Pick Up with 12,126 units (26%), and the Terios SUV, which recorded sales of 5,637 units (12%). This sales performance was supported by various customer conveniences in owning a new Daihatsu vehicle, including trade-in facilities, flexible credit options from leasing companies tailored to customer needs, and comprehensive after-sales services to ensure ease of maintenance. (From Daihatsu Indonesia press rel...

News  Updated at: 2025/05/19

U POWER and partners launch Southeast Asia’s first battery-swap taxi fleet in Phuket, Thailand Announced on May 6, 2025, U POWER Limited (NASDAQ: UCAR) and global partners including UNEX EV, AUTO DRIVE, and Sumitomo Corporation Leasing launched Southeast Asia’s first battery-swap taxi fleet in Phuket, Thailand, on April 30. The initial rollout includes 21 UNEX EV-MG taxis, marking a major step in Thailand’s push for green and low-carbon tra...

News  Updated at: 2025/05/06

Ceat, India incorporates new step-down subsidiary in Sri Lanka for tire manufacturing infrastructure On May 2, Ceat Limited announced the incorporation of its new step-down subsidiary in Sri Lanka, CEAT OHT Ventures (Private) Limited, with an initial capital of LKR 3,00,000. The entity will engage in industrial development, including the construction and leasing of commercial buildings and warehouses to support the manufacture and storage of auto...

News  Updated at: 2025/05/05

or more in FY 2027. It will invest a total of JPY 1.2 trillion in growth fields for the three years. Of the total investment amount, JPY 400 billion will be allocated for the “Global South.” The company will allocate half of the amount for the African region to work on the expansion of its car leasing and dealership networks and the strengthening of its pharmaceutical distribution and retail business as well as wind and solar power generatio...

News  Updated at: 2025/05/01

FlixBus signs MoU with Vertelo to deploy 500 electric intercity coaches in India On April 28, FlixBus announced the signing of a memorandum of understanding (MoU) with Vertelo, a provider of electric mobility ecosystem solutions. The partnership aims to deploy 500 electric intercity coach buses across India. As part of the agreement, Vertelo will offer tailored financing and leasing options for electric buses, develop charging infrastructure, and...

News  Updated at: 2025/04/29

Suzuki to start testing its BEV minitruck and leasing to farmers in Japan On April 25, Suzuki announced it will be building a BEV minitruck based on its minitruck Carry and leasing it to farmers for certain period to collect data in four different locations in Japan within FY2025. The experiment is to verify the usability of the BEV minitrucks for farmers and how solar power can be effectively leveraged through vehicle-to-home(V2H). In addition, ...

News  Updated at: 2025/04/28

s Dual Stage Intelligent LED Headlights.  Daimler Truck North America installs all essential compute and sensor kits during the vehicle production process. This preparation allows Torc Robotics to seamlessly integrate their virtual driver upon delivery. Torc recently announced that it has signed a leasing agreement for an autonomous hub in the Dallas-Fort Worth area as it drives toward productization, positioning itself to scale and commercializ...

News  Updated at: 2025/04/17

Yinson GreenTech becomes Grab Malaysia’s EV leasing partner; to promote green business initiatives in Malaysia Announced on March 27, 2025, Yinson GreenTech and Grab Malaysia have signed an MOU to advance the adoption of green mobility leasing services for e-hailing market and other green business initiatives in Malaysia. Yinson GreenTech, officially appointed as the EV leasing partner of Grab Malaysia, will provide Grab with comprehensive leas...

News  Updated at: 2025/04/02

Nvidia reported in talks to acquire Lepton AI Nvidia is in advanced discussions to acquire Lepton AI, a company specializing in leasing servers powered by Nvidia’s AI chips, according to sources familiar with the matter. The potential deal is valued at several hundred million dollars, the sources said. In May 2023, Lepton AI raised USD 11 million in a seed funding round from investors including CRV and Fusion Fund. Lepton’s acquisition would ...

News  Updated at: 2025/03/29

Rilox EV, India launches EV leasing division, Rilox E-Mobility On March 19, Rilox EV launched its dedicated electric vehicle (EV) leasing division, Rilox E-Mobility, which will begin its operations on April 1, 2025. The new division will offer cost-effective leasing solutions for both businesses and individuals, Rilox E-Mobility plans to deploy 2,500 vehicles in its first year, with scaling targets of 10,000 vehicles by Year 2 and 25,000 vehicles...

News  Updated at: 2025/03/19

EBRD supports TEB Arval, Türkiye to acquire 1,200 electric vehicles On March 6, the European Bank for Reconstruction and Development (EBRD) announced that it is providing a EUR 50 million loan to Türkiye’s TEB Arval, a full-service fleet leasing and mobility solution company, to finance a new fleet of electric vehicles. The proceeds of this loan will be used to finance the acquisition of 1,200 electric vehicles including both battery electric...

News  Updated at: 2025/03/07

Polestar offers incentives to convert current Tesla owners in U.S. Polestar is seeking to convert some of Tesla’s customers with a new trade-in promotion for leases on its new Polestar 3 SUV. On its website Polestar said buyers can save up to USD 20,000 when trading in a Tesla vehicle and leasing a Polestar 3 SUV. The promotion combines the USD 5,000 Polestar Conquest Bonus, which is available for eligible customers who currently own or lease a...

News  Updated at: 2025/02/28

JBM Auto, India establishes wholly owned subsidiary for EV battery solutions On February 26, JBM Auto Limited announced the incorporation of its wholly owned subsidiary, JBM EV Ventures Private Limited with a total paid-up capital of INR 500 thousand.  The primary objective of JBM EV Ventures Private Limited is to provide electric vehicle (EV) battery services on a subscription, leasing, and rental basis. The subsidiary will also focus on the re...

News  Updated at: 2025/02/27

's largest automotive markets, Indonesia serves as a crucial strategic hub for Geely's right-hand drive market expansion. During the event, the company has also established strategic partnerships with 9 major financial institutions to make EV ownership more accessible through tailored financing and leasing solutions. It also signed a Memorandum of Understanding with Perusahaan Listrik Negara, Indonesia's state electricity company, to provide user...

News  Updated at: 2025/02/27