EV - Asia Business Review

Startups

Vietnam's VinFast Raises $1.2 Billion to Fund Southeast Asian Expansion

VinFast raised $1.2 billion through convertible bonds and equity to fund factory construction in Indonesia and India as the Vietnamese EV maker expanded beyond its home market.

EV

China EV Exports Surge 38% in 2025 Despite Trade Barriers

Chinese automakers exported 2.4 million EVs in 2025, up 38%, pivoting to Southeast Asia, Latin America, and the Middle East as EU and US tariffs limited Western market access.

Corporate Earnings

South Korean Battery Makers LG and Samsung SDI Report Margin Squeeze

LG Energy Solution and Samsung SDI reported shrinking margins as Chinese battery makers CATL and BYD undercut pricing by 20-30%, intensifying a global price war.