Polestar, the spinoff brand from Volvo focusing only on battery EVs (BEVs), is now trading on NASDAQ at just USD 76 cents. That’s 95% down from its high of USD 13 in 24-June 2022, the company first went public. The company has also missed its deadline for filing its financial report for Q1 2024 and 2023 (full year). The company has been served a deficiency notice from NASDAQ, and has 60 days (from 17-May) to comply. Polestar is latest BEV-only brand to run into financial troubles, as demand for

Hans

May 31, 2024

Following its return to the market last year, Chery has been widely accepted by Malaysians. Chery Malaysia currently has two models in its lineup, the Chery Omoda 5 and the Chery Tiggo 8 Pro, with both SUVs locally assembled (CKD) at the Inokom plant in Kulim. In the 8 months since CKD assembly began, 10,000 units of Chery SUVs have already been rolled out from the production line. This is based on a LinkedIn post by Mohd Aimanuddin Abu Bakar, Logistics Manager at Chery Malaysia. Aimanuddin also

CY Foong

May 31, 2024

Following our earlier post regarding a Hong Kong stock exchange filing by Tan Chong International Limited (TCIL), saying that Subaru will cease all local assembly (CKD) operations in Southeast Asia by 2025, we can now confirm that no new Subaru has been produced in Malaysia since June 2023. Local distributor TC Subaru’s sole CKD model in Malaysia is the Subaru XV. The model is assembled at contract manufacturer Tan Chong Motor Assemblies’ (TCMA) plant in Segambut. Checks with production data com

Hans

May 31, 2024

We recently highlighted the often-overlooked Nissan Teana, a gem among D-segment sedans. Another similarly forgotten model is the Proton Perdana. Available in the used car market for as low as RM 28k, this is an interesting option as it offers Honda reliability at Proton prices. Overview Due to the rising maintenance costs of the first-generation Perdanas, many state governments sought replacements from brands like Toyota and Mercedes-Benz, creating a national controversy during budget-tightenin

Shaun

May 30, 2024

With battery electric vehicles (BEV) being all the rage these days, other alternate fuel sources seem to have taken the back seat when it comes to their development. Hydrogen is one of those alternatives with Toyota and Geely reportedly still researching their feasibility. Hyundai is another carmaker that is taking a swing in hydrogen-powered vehicle development. Besides Toyota and Honda, Hyundai also offers a mass-produced hydrogen fuel cell powered vehicle (FCEV), the Hyundai Nexo crossover bu

CY Foong

May 30, 2024