OFF INTO THE WILD WET YONDER How does this...
Cambodia Leapfrogs Past Vietnam with the Angkor EV
Cambodia’s Heng Development Company shocked the world when they introduced a locally designed and manufactured electric car, the Angkor EV. Designed by local innovator Nhean Phaloek, the battery-powered Angkor EV 2014 is said to be able to go 300 kilometers (185 miles) between charges and has a top speed of 60 kilometers per hour (37 miles per hour). Price is expected to be under US$10,000.
No country was perhaps more shocked by this than Vietnam, as Cambodia is often thought of as Vietnam’s “little brother” and lags behind the country in the emerging markets category. Words such as “jealous” and “ashamed” have even been used by many Vietnamese in regard to this development.
Well, there’s nothing to be embarrassed about my Vietnamese friends. Competition is healthy, and (thankfully) the free market is still alive.
About Michael MusashiNumber of Posts: 187
Has been living and working in Asia for the past 20 years. Currently resides in Kuala Lumpur, but prior to that Tokyo for 12 years and Guam for 3 years. Enjoys the many different cultures, cuisines, and landscapes that the continent has to offer. Experience as a financial services representative, FX sales trader, and hedge fund director of business development has given him an insider's perspective on the markets and the industry. Investor and "serial entrepreneur" who thoroughly enjoys business and finance, and also a bit of an adventure sports fanatic who loves to try new sports, hobbies, and adventures.