More Chinese EV makers debut in Singapore as the city-state boosts adoption with incentives, more charging points
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 08 2024
0mins
Source: CNBC
Chinese EV Brands Expanding in Singapore: Several Chinese electric vehicle brands, including Zeekr and Xpeng Motors, are entering the Singapore market as the government promotes EV adoption through incentives and infrastructure development, aiming for a cleaner energy future by 2040.
Significant Growth in EV Adoption: The first half of 2023 saw nearly one in three new cars sold in Singapore being electric, with government subsidies and an expanding charging network expected to drive further growth in passenger EV sales by over 70% in 2024.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








