Tesla's presence in Selangor, Malaysia, is set to grow as the state government welcomes the electric vehicle (EV) giant's plans for continued investment in research and development, as well as the opening of EV service centers. Menteri Besar Datuk Seri Amirudin Shari expressed enthusiasm for Tesla's expansion efforts in the Asian region, aligning with Elon Musk's vision for the company.
With Tesla already establishing its headquarters in Cyberjaya and charging centers in the region, the focus now shifts towards opening service centers to further penetrate the Asian market. Despite recent reports of Tesla canceling a factory development project in Thailand, the company remains committed to its operations in Malaysia.
Having already set up four experience centers and exceeded installation targets for instant chargers in key locations across Malaysia, Tesla's investment in Selangor signifies a significant step towards promoting sustainable transportation in the region. The influx of investors in the semiconductor sector further underscores the state government's readiness to support technological advancements, with plans for a second integrated circuit (IC) design park on the horizon.
EyeROV, a marine robotics deep-tech startup, has successfully secured INR 10 Crore ($1.2 million) in a Pre-Series A funding round led by Unicorn India Ventures. This funding will play a crucial role in strengthening EyeROV's presence in international markets and advancing the development of...
FPT Semiconductor, a subsidiary of FPT Corporation, is gearing up for collaboration with Korean enterprises to capitalize on the 'Semiconductor Wave' in Vietnam. At the Vietnam-Korea Semiconductor Cooperation Conference in Hanoi, Mr. Tran Dang Hoa, Chairman of FPT IS and FPT Semiconductor,...
FPT Semiconductor, a subsidiary of FPT Corporation, is actively seeking collaboration opportunities with Korean enterprises to ride the 'Semiconductor Wave' that is sweeping through the industry. Mr. Tran Dang Hoa, Chairman of FPT IS and FPT Semiconductor, shared insights on promoting...
Greaves Cotton Limited, a leading diversified engineering company in India, has reported robust results for the first quarter of FY25. The company's standalone revenues grew by 12% year-on-year to INR 445 crore, with quarterly EBITDA reaching INR 50 crore, also up by 12% year-on-year. On a...
Kazam, an EV charging platform, has successfully secured USD 8 million in funding to expand its technology, product offerings, and market presence. The funding round was led by Vertex Ventures Southeast Asia and India, with participation from Avaana Capital, Alteria Capital, and other...
