The electric vehicle (EV) price war in Malaysia is a natural consequence of a maturing market, according to the Malaysia Automotive Robotics & IoT Institute (MARii) chief executive officer Azrul Reza Aziz.

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Brent crude futures settled up US$1.22, or 1.72%, at US$72 a barrel. The US West Texas Intermediate May contract settled up US$1.16, or 1.73% at US$68.07.

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Gold price is on fire! The precious metal continues to defy expectations, repeatedly smashing record highs as investors seek refuge from global economic turbulence.

Rates gain on supply tightness, declining imports and sourcing by the consuming industry from the domestic market

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Malaysia’s electric vehicle (EV) market is heating up as automakers engage in an unprecedented price war, a move likely to deal a blow to the domestic automotive industry already expecting lower sales this year.