Tai Sin Electric CEO just spent $1.5M on EV charging - here's why

Singapore's electric vehicle scene just got a jolt of reality. While most investors are still figuring out if EVs are a fad or the future, Tai Sin Electric's subsidiary Lim Kim Hai Electric quietly dropped S$1.5 million for a 25% stake in EV Mobility. That's 333,333 new shares at what both companies diplomatically call a "mutually assessed valuation" - corporate speak for "we both think this makes sense, trust us."

When Infrastructure Meets Reality

Here's the thing about EV adoption: it's a classic chicken-and-egg problem. Consumers won't buy electric cars without charging stations, and ...