Author: Reuters

A Philippine inter-agency panel chaired by President Ferdinand Marcos Jr on Thursday approved removing tariffs on electric vehicles (EVs) to spur demand amid high fuel costs.

A Hong Kong stock market debut puts Jakarta at the centre of China’s electric-car boom. Lygend Resources & Technology , a Chinese nickel trader, is looking to raise up to $594 million in an initial public offering to expand in Indonesia. The company’s presence in the resource-rich archipelago allows it to export copious quantities of the metal, which is in high demand back home.

Chinese automaker BYD Co Ltd said on Wednesday it raised prices for three of its electric vehicle models by 2,000 yuan ($279.86) to 6,000 yuan, citing reasons including rising battery prices and the scheduled expiration of some state subsidy plans.

Tesla CEO Elon Musk said on Wednesday South Korea is among its top candidates for electric vehicle (EV) investment as the company pushes to build a gigafactory for EVs in Asia, South Korea's presidential office said.

SEOUL (Reuters) -Tesla chief executive Elon Musk said on Wednesday that South Korea was among its top candidate locations for a giant factory it plans to build in Asia for making electric vehicles (EVs), according to South Korea's presidential office. Musk had made the remark in a video call with President Yoon Suk-yeol, adding that the company planned to step up cooperation with South Korea on supply chains, Yoon's office said. The president asked Musk to build the planned Asian factory in South Korea.