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Who Really Owns Southeast Asia’s EV Transition?

Southeast Asia’s EV story is often told as if the region were building its own future. The capital stack tells a harsher truth: much of the transition is being financed, controlled or backstopped by foreign platforms, with domestic investors and states taking uneven slices of risk and reward.

Singapore

Indonesia

Philippines

Malaysia

Vietnam

Thailand

The Week in News
06-10 July, 2026

China-Southeast Asia forum targets AI and pharma growth, Indonesia–Singapore affirm Malacca Strait openness, Maybank Invest ASEAN draws $23 trillion in investor assets with Vietnam leading, Thailand approves $1.99 billion in AI and advanced electronics projects, Indonesia's Danantara breaks ground on Bali waste-to-energy facility.

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