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Evolution Auto Unveils Sri Lanka’s Largest EV Lineup at Motorshow ʻ 25

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Evolution Auto, the country’s foremost leader in Electrifying transportation, marked a transformative leap for Sri Lanka’s automotive sector today by unveiling the nation’s most extensive portfolio of electric vehicles (EV) at the Motorshow 2025 held at BMICH. Featuring seven all-new models across five global brands, the launch firmly positions Evolution Auto at the forefront of Sri Lanka’s EV revolution, spanning two-wheelers, three-wheelers, commercial vans, lifestyle pickups, and luxury passenger vehicles.

The company’s Luxury passenger EV debut showcased an exceptional range of global marques, including AVATR, XPENG, IM Motors, Riddara by Geely, and KYC. Each model on display reflects a unique fusion of performance, intelligent design, and next-generation technology, underscoring Evolution Auto’s mission to make cutting-edge electric mobility accessible across segments and lifestyles.

As part of the trailblazing lineup, the AVATR-11 a luxury SUV co-developed by Changan, Huawei, and CATL blends sleek styling with ultra-premium features and seamless smart integration. The XPENG G6, now available in over 60 global markets, boasts Sri Lanka’s most powerful EV motor at 190 kW, delivering 0–100 km/h in just 6.6 seconds, thanks to its development by XPENG in collaboration with Volkswagen, Foxconn, and Alibaba. Further elevating the portfolio, IM Motors IM5 Intelligent Gran Coupe and IM6 Intelligent Grand SUV, developed by auto giant SAIC Motor (also behind MG and joint ventures with Chevrolet and GM), introduced intelligent AI-assisted features such as Crab Mode, Rainy Night Mode, and dynamic driver interfaces.

Also unveiled was the Riddara RD6, Sri Lanka’s first Performance Lifestyle Vehicle (PLV) by Geely Holding Group. Combining SUV-grade comfort with true off-road prowess, the RD6 features an 815 mm water-wading depth and 540° camera system, redefining expectations for pickups in the local market. For the commercial segment, KYC’s V5 and V7electric vans offer 9-seater options with superior range, high-efficiency CATL battery systems, and fleet-friendly design, making them ideal for long-term, sustainable business or personal use.

All showcased vehicles are supported by Evolution Auto’s unmatched aftercare with up to 8 years’ battery warranty, 5 years on the vehicle, and a comprehensive 5-year/100,000 km maintenance package. This underscores the brand’s commitment to customer confidence and long-term ownership value.

Commenting on its extensive EV portfolio, Evolution Auto Group CEO Virann De Zoysa said, “Today marks a defining moment in Sri Lanka’s journey toward a more sustainable and technologically advanced mobility future. With the launch of seven new electric vehicle models across five globally renowned brands, we are proud to offer the largest and most diverse EV portfolio in the country that caters to every segment, from daily commuters and commercial operators to premium lifestyle users. Whilst launching new vehicles, this is also about reshaping expectations, building confidence in EV adoption, and setting new standards for what mobility can deliver in the country.” 

To complement its growing EV portfolio, Evolution Auto is rapidly expanding its national footprint. The company will soon open its flagship premium showroom on Duplication Road, with additional display experiences now available at Havelock City Atrium and a dedicated KYC showroom in Peliyagoda. Additionally, Evolution Auto’s new multi-brand EV workshop complex, also opening in Peliyagoda, will offer specialized diagnostics, maintenance, and aftersales service for all its represented brands.

“Our focus is twofold in Sri Lanka which is to bring global EV brands to the country and curate a complete ownership experience that inspires confidence from the very first touchpoint. Each model in our lineup was selected for its unique ability to combine design, performance, and smart technology. From immersive showcases to long-term aftercare, everything we do is designed to elevate the Evolution Auto promise: innovation you can trust, service you can rely on, and mobility that’s truly future-ready,” commented Ashan Wickramasinghe, Head of Marketing at Evolution Auto. 

To further expand its presence across the country, Evolution Auto is ensuring nationwide reach via established partnerships across Kurunegala, Kandy & Matara with further plans to go beyond, reinforcing the brand’s commitment to reliable electric mobility throughout Sri Lanka. As part of the process to encourage & strengthen ownership of Electric Vehicles, Evolution Auto has partnered with Sterling Aftercare to offer services & aftercare to their entire range of vehicles island wide. 

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Dubai Based Sri Lankan Entrepreneur Launches Global Forex Marketplace

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A visionary Sri Lankan entrepreneur based in Dubai has launched VerifiedBrands.io, a cutting-edge Forex Marketplace Ecosystem designed to bring transparency, trust, and regulatory compliance to the Global Forex industry.

The platform addresses one of the most critical challenges in online trading — the difficulty of finding legitimate and regulated brokers and financial service providers. VerifiedBrands.io connects traders, licensed Forex brokers, technology providers, and affiliates in a secure and trusted digital marketplace.

“Our mission is simple — to eliminate fraud and scams from the Forex industry and give traders, investors, and partners a reliable ecosystem where only regulated and verified companies are listed,” said Anthony, the founder of VerifiedBrands.io.

VerifiedBrands.io verifies and lists only Regulated Forex brokers and compliant financial technology providers, offering a single platform for:

Traders seeking trusted brokers and services

Companies looking for high-quality leads and exposure

Technology providers offering white-label solutions, trading infrastructure, CRM systems, Liquidity Solutions, Payment Gateways , API solutions

Affiliates and partners wanting to work with compliant, reputable firms

The platform also provides tools and resources to help traders and partners compare, connect, and collaborate confidently, making it a first-of-its-kind ecosystem for the Forex community.

With the global Forex industry estimated at over $6 trillion in daily trading volume, VerifiedBrands.io aims to build a safer, more transparent trading environment and empower investors and traders worldwide to make informed decisions.

For more information, visit www.VerifiedBrands.io

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LB Finance to enter Philippines market through subsidiary

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LB Finance PLC, a Sri Lankan Non-Bank Financial Institution (NBFI), has received regulatory approval from the Central Bank of Sri Lanka to establish a wholly owned subsidiary in the Philippines.

In a corporate disclosure to the Colombo Stock Exchange, the company said the Director of the Department of Supervision of Non-Bank Financial Institutions granted approval on 11 December to set up the subsidiary under the name LB Finance Philippines Inc.

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Commonwealth Enterprise and Investment Council expresses solidarity with Sri Lanka

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The Commonwealth Enterprise and Investment Council (CWEIC) has conveyed its condolences to Sri Lanka over the loss of life and extensive damage caused by Cyclone Ditwah, urging all Commonwealth nations to support the country’s recovery as the scale of devastation continues to unfold.

In a statement signed by CWEIC Chairman Lord Marland and Deputy Chairman Lord Swire, the council said: On behalf of the Commonwealth Enterprise and Investment Council, we extend our sincere condolences to the President and people of Sri Lanka for the tragic loss of life and the widespread destruction caused by Cyclone Ditwah.

With the death toll now exceeding 300, hundreds more people missing, and thousands left without homes or livelihoods, the impact on your nation is devastating, and affecting all parts of the country.

As Commonwealth friends, we acknowledge the suffering that Sri Lanka has already endured through natural disasters; floods, droughts, landslides, and the 2004 tsunami.

Sri Lanka has survived through the extraordinary efforts of countless volunteers and ordinary people. Once again, we see this remarkable resilience and cooperation from Sri Lankans who are working to restore order, basic services, and supplies where possible.

We appeal to all Commonwealth countries to support the recovery efforts, and we will keep Sri Lanka in our thoughts and prayers at this difficult time. CWEIC has a significant presence in Sri Lanka, and our Strategic Partners stand ready to assist in any way we can during this difficult time. We will continue to support international efforts and appeal to Commonwealth nations to contribute to Sri Lanka’s recovery.

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