Asia PE-VC Summit 2023: SE Asia's EV industry has huge potential but faces challenges

Asia PE-VC Summit 2023: SE Asia's EV industry has huge potential but faces challenges

[From L-R]: Dr. Morgan Carroll of VinGroup and Vinfast, Jack Yang of Electrum, James Chan of ION Mobility, Julien Mialaret of Eurazeo, and Khamila Mulia of DealStreetAsia [moderator] at the Asia PE-VC Summit 2023.

With its automotive manufacturing capabilities as well as rich nickel resources, Southeast Asia is poised to be the next key market for electric vehicles in Asia. Over the past few years, regulators in major markets such as Indonesia, Vietnam, Singapore, and Thailand have introduced various incentives to attract investments and boost the adoption of EVs among consumers.

Edited by: Pramod Mathew