Tue, 7th Apr 2026

This week's finance news explores significant developments in Australia's financial and auto-tech sectors. Zenobē, a leader in fleet electrification, invested in a $100M project to double the number of electric trucks and reinvigorate Australia's truck industry with electric fleets and battery repurposing. Applied Electric Vehicles raised $58M in Series B funding, largely backed by the Australian Government, to ramp up production of their autonomous electric vehicles. Moving to make electric vehicles more affordable, the Clean Energy Finance Corporation collaborated with Volkswagen Financial Services Australia to offer reduced loan interest rates for new and used EVs. On a broader scale, the Reserve Bank of Australia hiked interest rates to 4.10% to combat inflation, which may influence borrowers' financial strategies. Stay tuned for more updates on Australia's evolving finance and auto sectors.