Alset's New Energy Accelerates Electrification of Hong Kong Taxis through Partnership with Chery’s Kaiyi and Support from Government Loan Program

BETHESDA, MD, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Alset Inc. (NASDAQ: AEI) (“AEI” or the “Company”), a diversified holding company principally engaged through its subsidiaries in the development of smart and sustainable home communities and other property development, financial services, digital transformation technologies, biohealth activities and consumer products, with a focus on sustainable living and clean energy solutions, is pleased to announce that New Energy Asia Pacific Company Limited (“New Energy”), a Hong Kong based company in which AEI holds a 41.5% ownership interest through a subsidiary, is gaining traction in sales and making considerable progress in its expansion in the electric vehicle (EV) market.