Tag Archives: Hong Kong

Tesla’s Quarter Two Sales Stalls in Hong Kong

Tesla Quarter Two 2017 Q2 Sales Stalls in Hong Kong after government remove EV electric vehicle tax break incentives reduction exemption

Government withdraws electric vehicle tax break No more electric vehicle tax break, which started in April had a dramatic effect on sales of Tesla cars in the city of Hong Kong, according to Business Insider. How Many Units Sold? The WSJ reported a sales surge just before the April 1 rule change, with 2,939 Tesla vehicles registered in March and nearly 3,700

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BYD Shares its Sustainable Urban Transport Challenges in the Hong Kong Market

BYD Shares its Sustainable Urban Transport Challenges in the Hong Kong Market e6 electric taxis

The recent introduction of 100 electric taxis in Singapore, forming the biggest electric-taxi fleet in Asia represents the largest investment of its kind by a Chinese electric car manufacturer BYD, a Warren Buffett’s Berkshire Hathaway backed company. Read BYD Launches Biggest Electric Taxi Fleet in Southeast Asia This is not the first venture invested by BYD to introduce electric taxis or sustainable

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Hong Kong Startup Lalamove to Expand to 100 Cities with Series B Financing Completed

HONG KONG–(BUSINESS WIRE)–Lalamove, a Hong Kong based on-demand delivery company, completed its Series B Financing round, raising USD 30 million. The Series B Financing round was led by Xianghe Capital, a Beijing VC firm founded by former Head of Baidu M&A, Mr Hesong Tang, with participation from Blackhole Capital and existing shareholders MindWorks Ventures and Crystal Stream. The investment round

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Arrow Electronics Enables First Hong Kong-Designed Open-source Concept Electric Vehicle

HONG KONG, CHINA–(Marketwired – Sep 20, 2016) – Arrow Electronics, Inc., (NYSE: ARW) the global technology company providing products and services that guide innovation forward, today announced it provided technology framework and guidance to support the development of Hong Kong’s first concept electric vehicle (EV) through the EVTech Makerthon project organized by the Hong Kong Science and Technology Park Corporation

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Can Electric Vehicles Reduce Hong Kong’s Greenhouse Gas Emission?

The number of private electric cars in Hong Kong has been growing rapidly. From just 1,714 in April 2015, the figure has grown to 4,830 within a year – driven by improved recharging infrastructure, better choice and exemption from the first registration tax. Between January and May, over 1,100 Teslas were sold, accounting for more than 95 per cent of

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Lalamove On-demand Logistics Startup Raises $10M

Lalamove, one of a number of companies offering logistics on-demand in China and across Asia, has closed $10 million in funding as it targets profitability this year. The round was led by existing investor MindWorks with other existing investors, including China’s Crystal Stream (China), AppWorks (Taiwan), Aria Group (Hong Kong), taking part. In addition, Asia Plus from Thailand, where Lalamove

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TESLA’s Hong Kong sales multiplied in 2 years

Of the 4,899 electric-vehicle plates registered here as of April, over 80% are associated with the California-based company, according to Bloomberg Intelligence. The number has more than quadrupled from just 1,160 two years ago, when the company started delivering its Model S luxury sedans in the city. “Hong Kong meets a lot of the criteria,” said Steve Man, Bloomberg Intelligence’s

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