Does Singapore have a battery energy storage system?

Of the 11 ASEAN members, Singapore is taking the lead in the battery energy storage systems (BESS) space. Earlier this year, the city-state launched the region’s largest battery energy storage system (BESS).

Will China invest in a nickel plant for electric car batteries?

Chinese battery making giant Contemporary Amperex Technology Co. Ltd., or CATL, is also in talks with Philippine government officials to invest in a plant to process nickel for electric-car batteries, along with its subsidiary Brunp, said Rodolfo, 52, who’s been with the government’s trade and investment agencies for a decade.

Is Indonesia launching a new venture for the production of electric batteries?

In this regard, it is compelling to notice that Indonesia has recently launched a new venture for the production of electric batteries and is increasingly promoting the use of electric vehicles (EVs).

Are EVs a viable option for sustainable economic growth?

Recently, several ASEAN countries have turned to EVs, envisaging a significant opportunity for sustainable economic growth in their mobility transition. A case on point is offered by the electric transition of commercial fleets such as ride-hailing mobility services.

Which country produces the most electric vehicles?

China is also known to be the most electric vehicles supplier and consumer. On its external strategy, China has been increasing its overseas investment in mining. In ASEAN, FDI from China increased by 96 per cent to $13.6 billion, mostly in manufacturing EV-related activities in 2022.

Are electric cars a viable option?

To reduce emissions and oil dependency, the deployment of electric vehicles is considered as viable optionc. With the current policies in place, by 2050, the region will only increase less than 26% of electric car, buses, and motorcycles far from what we needed.