Chinese electric vehicle maker Xpeng has announced its plan to expand its presence in Europe. Xpeng’s CEO, He Xiaopeng, has said that the company is eyeing Germany as its entry point into the European market. This move comes as Xpeng seeks to broaden its global reach and compete with other EV makers like Tesla.

In South Korea, Hyundai and Kia have announced their plans to build a $7.4 billion electric vehicle hub by 2030. The hub, located in the city of Gwangju, will have a production capacity of 500,000 EVs annually and is part of the South Korean government’s push to accelerate the adoption of electric vehicles.

Toyota has also announced plans to launch its first all-electric SUV this year. The SUV will be based on Toyota’s e-TNGA platform and will be produced in collaboration with Subaru. Toyota has previously focused on hybrid and fuel cell vehicles, but is now increasing its focus on battery-electric vehicles.

In India, Ola Electric has unveiled its first electric scooter, the S1. The scooter is priced at around $1,100 and has a range of up to 121 kilometers on a single charge. Ola Electric plans to manufacture the scooters at its factory in Tamil Nadu, which has a production capacity of 10 million units annually.

Finally, Singapore-based ride-hailing firm Grab has announced its plans to go public through a merger with a special purpose acquisition company (SPAC). The merger is expected to value Grab at around $40 billion and will provide the company with additional funding to expand its EV business, which includes a pilot program for electric motorcycle taxis.

These are some of the latest developments in the APAC region’s EV industry. We’ll continue to keep you updated with the latest news and trends.