Grab Follows Uber's Lead, To Add Over 1K BYD EVs to Indonesian Fleet for Green Rides

Quick Summary:

Grab Holdings Limited (NASDAQ:GRAB) proposes to add over 1,000 electric vehicles to its Indonesian fleet, mostly procured from Chinese automaker BYD Co (OTC:BYDDF) (OTC:BYDDY).

The new EVs will add to the company’s existing fleet of more than 10,000 two- and four-wheel electric vehicles, Nikkei Asia reports.

Uber Technologies, Inc’s (NYSE:UBER) Singapore rival had announced plans to introduce more environmentally friendly cars, including BYD’s M6 multipurpose vehicle, for its ride-hailing service in 2024.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChinaIndonesiaJapanSingapore

Topics: BZ Data Project GRAB Tech Media Benzinga Mobility EVs Briefs UBER BYDDF Stock Battles BYDDY Electric vehicles Emerging Markets Top Stories News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 14:15:04 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 290 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22297796

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Year Established: 2010

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions