Ryde Group Plunges 10.22% Amid EV Market Buzz

Ryde Group Ltd experienced a significant drop of 10.22% in pre-market trading on June 20, 2025, marking a notable shift in investor sentiment towards the company.

Ryde Group's recent acquisition is a strategic move that aligns with its RydeGreen Program, which was launched in December 2024. This program aims to introduce 1,200 electric vehicles (EVs) by 2027, reflecting the company's commitment to sustainable transportation solutions. The acquisition is expected to bolster Ryde Group's position in the EV market, potentially driving long-term growth and innovation.

Ryde Group's focus on electric vehicles has generated significant market buzz, with investors closely watching the company's progress in this rapidly evolving sector. The strategic acquisition and the RydeGreen Program are seen as key drivers for Ryde Group's future success, as the demand for sustainable transportation solutions continues to rise.