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The extra funding will go towards enhancing first-and-last-mile connectivity and making getting around safer, more convenient and purposeful for residents.
BMW has built a high-voltage battery assembly at Plant Debrecen, with more than 500 additional jobs to be created by 2025.
Volvo cars is also providing a $1.1 billion 18-month term loan to Polestar, which is on par with the support it is receiving from PSD investment.
Toyota announced its investment into the Toyota Battery Manufacturing North Carolina facility which is part of its $98 billion grand plan for electrification
Part of the planned investment will go towards implementing a mega casting process that will reduce the weight and increase the cabin area of its future cars.
Part of the investment will go towards the development of Toyota's production knowledge in lithium-ion batteries for electric cars.
The world's largest car manufacturer is renewing its stance on electric vehicles with a gargantuan pledge towards investments in battery manufacturing.
Ford will invest more than $1.96 billion on two of its plants over the next three years to build autonomous vehicles and other vehicles.
Volkswagen Group China plans to invest over $6 billion next year, with around 40% of this investment going towards e-mobility.
The shortfall of $1 billion comes as fare revenues fall far below the cost of government contracts awarded to transport firms.
Groupe Renault worldwide sales dropped by 5.6% in the first quarter, in a market down 7.2%; market share shows resilience at 4.1%.
The BMW Group and Daimler AG are pooling their mobility services to create a new global player providing sustainable urban mobility for customers.
Porsche plans to invest more than six billion euro in electromobility by 2022, which will see extensive electrification of its product range.
Ford is investing more than S$1.2 billion to build the next generation Ford Kuga medium-sized Sport Utility Vehicle (SUV) in Valencia, Spain.
Rail operator SMRT has clinched the operating contract for the upcoming Thomson-East Coast Line with a bid that is 30 percent lower than rival SBS Transit's.
Nissan opened a pay-with-energy pop-up cafe in Paris to celebrate three billion kilometres, which were collectively driven by Nissan Leaf owners worldwide.
The LTA has reached a multi-billion-dollar agreement with SBS Transit and SMRT Buses to run buses under a new Government bus contracting model.
Volkswagen has agreed to a settlement worth more than US$15.3 billion (S$20.3 billion) with nearly 500,000 customers in the U.S.A and Government regulators.
Nissan Leaf drivers, registered on CarWings telematics, have collectively driven one billion kilometres worldwide and Nissan is thankful to them.