Industry News

Singapore’s automotive sector reached a historic turning point in 2025, as battery electric vehicles (EVs) became the most popular choice for new passenger cars. According to the Land Transport Authority (LTA), EVs accounted for a record 45.1% of all new

Dow reported a fourth‑quarter 2025 net loss of USD 1.5 billion on net sales of USD 9.5 billion, down 9% year‑on‑year, as lower prices, weaker operating rates, and heavy restructuring charges more than offset early savings from its cost‑reduction programme.

Emirates Petroleum Company PJSC (Emarat), a leading fuel and energy provider in the United Arab Emirates (UAE), has appointed Burhan Al Hashemi as chief executive

Volkswagen Group China has started on-schedule production of the VW ID. UNYX 07, the first vehicle built on its new China Electronic Architecture (CEA). Developed, tested, and produced entirely in China, the model marks the German

Caterham and Motul have renewed their partnership, combining Caterham’s lightweight sports car expertise with Motul’s 170-plus years of experience in high-performance lubrication to support both road and race programmes worldwide, including in Asia-Pacific. Under the

Eni and Q8 Italy have approved a major strategic investment to build a new biorefinery at the Versalis industrial site in Priolo, Sicily, Italy, converting the complex into a long-term, lower-carbon operation. The

Honda Motor Co., Ltd. announced a series of organisational and operational changes from April 1, 2026, to strengthen its ability to deliver competitive mobility products and services worldwide. In 2020, Honda split its research and development activity into two streams

bp has reported an underlying replacement cost profit of USD 7.5 billion for 2025, maintaining a steady performance even as crude oil prices cooled and its transition businesses faced significant write-downs. For the final three months of the year, the

Nishat Group, through its automotive subsidiary Hyundai Nishat Motors (Private) Limited, has partnered with Idemitsu Lube Pakistan (Private) Limited to launch N-SPRINT, a new range of genuine engine oils. The product line

U.S. energy major Chevron Corp. announced a series of executive leadership transitions, along with changes in its downstream and trading businesses. Frank Mount, president, corporate business development, will retire from Chevron in November 2026 after 33 years of service. Mount