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flag VinFast opens EV plant in Indonesia, plans 350,000 vehicles annually, while Malaysia sees BEV sales surge and Genesis expands hybrid offerings.

flag VinFast has opened its first Southeast Asian EV plant in Indonesia, with initial capacity for 50,000 vehicles annually and plans to scale to 350,000, investing over $1 billion and aiming for 80% local content by 2030. flag In Malaysia, BEV sales surged in November 2025 due to expiring tax exemptions, driving a 5.5% market growth, while the overall economy expanded 5.2% in Q3. flag Genesis is shifting from EV-only to include hybrids and range-extended models, launching new variants like the high-performance GV60 Magma and expanding into new European markets in early 2026.

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