News & Reviews:   VEHICLES

Grab Holdings Limited has announced a definitive agreement to invest US$60 million (~RM249 million) in Vay Technology GmbH, a Berlin-based remote-driving technology company. The deal marks Grab’s entry into the fast-evolving world of teledriving and autonomous vehicle innovation. Subject to regulatory approvals and standard closing conditions, the investment is expected to be completed by the fourth quarter of 2025, giving Grab a minority equity stake in Vay.

Ever since President Trump announced a worldwide tariff on various nations, China also hit back at the US with a 34% tariff on imported US goods. This has triggered an impact on the Chinese automotive brands, which can affect original equipment manufacturers (OEMs) with manufacturing operations in Malaysia.

Based on a statement by reuters, it seems that there might a possibility that Huawei might be releasing their own electric vehicles in China somewhere around the end of 2021. While not much is known in regards to the Malaysia release date, it does give us a better idea of what to expect from the company in the future.

Grab Indonesia has recently announced that they will start utilizing electric vehicles such as the Hyundai IONIQ from today onwards at Soekarno-Hatta International Airport Terminal 3. This initiative will go hand in hand with Indonesia’s vision in developing an electric vehicle ecosystem, which would be beneficial to the environment.