Automotive
SP Group and Huawei introduce Singapore’s fastest EV charger with battery storage
It is rated for a maximum power of 480 kW and can add 200 km of range in five minutes for compatible vehicles
Premiums for all COE categories drop, led by large cars with 9% decrease
At S$110,890, Category B touches an almost 12-month low
China bans hidden car door handles in world-first safety policy
Tesla’s doors are already the target of a safety probe in the US
Automobile Association of Singapore rolls out first of its kind insurance for rental cars overseas
An annual plan, it will cover additional charges beyond the basic rental car protection coverage such as window or tyre damage and towing fees
Singapore motorcycle rental company GoTakeBike to sue competitor MeGoRide, ex-founder
The company will seek damages against ex-founder Matthew Soh for breach of confidence; competing firm MeGoRide must suspend operations
Japan’s Nidec delays results again, vows culture reform after crisis
The company’s founder Shigenobu Nagamori has already stepped down as chairman of the board
BMW’s first Asian head for Asia-Pacific sales wants to foster more talent from region
Ritu Chandy says staying agile is a key advantage for the German carmaker
Court imposes freezing order on Autobahn group companies, directors amid allegations of fraud and bad faith
Car distributors contend that forged documents were used to double finance car loans; almost 300 cars meant for repossession cannot be located
India to slash tariffs on cars to 40% in trade deal with EU: sources
New Delhi currently levies tariffs of 70% and 110% on imported cars
BYD dominates new car sales in Singapore with over 20% market share
Toyota comes in second, while BMW, Mercedes-Benz and Honda round out the top five brands
