Business News

Integrated nickel mining and downstream company PT Trimegah Bangun Persada Tbk is planning to release its shares to the public through an Initial Public Offering (IPO) of as much as 12.1 billion shares on 5-10 April 2023.

Mercedes-Benz (Thailand) is seeking more partners for joint investment in electric vehicle (EV) charging facilities to serve the growing domestic market.

Apple reportedly reshuffled its management team and promoted a head of its Indian market, making India a separate sales region, a sign of the India’s growing importance, which has seen double-digit sales growth in the South Asian nation.

Vietnam’s automaker VinFast on said it will push back its plan to start operations of its electric vehicles factory in the United States until 2025, citing a procedural delay.

BYD Japan claims that hexavalent chromium poses no health risks but plans to end its use, reflecting its compliance to Japan Automobile Manufacturers Association. This came after Toyota’s cancelling BYD’s electric bus sale.

Hino Motors Ltd has cancelled plans to market in Japan a bus supplied by Chinese electric vehicle (EV) maker BYD Co Ltd as the bus contains a chemical banned under Japanese industry guidelines, the Nikkei Asia reported on Wednesday.