NEW YORK, January 9, 2026, 07:50 EST — Premarket
- Shares of Grab fell 3.94% on Thursday, finishing at $4.88.
- The company said it plans to roll out 20,000 electric vehicles with China’s GAC across Southeast Asia.
- Grab is currently expected to report earnings on Feb. 19 (estimated).
Grab Holdings Ltd (GRAB.O) stock fell 3.9% on Thursday to finish at $4.88 after it unveiled an electric-vehicle partnership with Chinese automaker GAC. Trading was heavy, with about 83.5 million shares changing hands.
The announcement arrives while investors circle back to the same worry about Grab: can it keep expanding without stacking on new expenses. In its most recent earnings update, the company raised the low end of its 2025 revenue forecast to $3.38 billion and lifted its adjusted EBITDA outlook to $490 million-$500 million — a profit gauge that strips out some costs.
Macro jitters haven’t offered much support. U.S. stock index futures were muted early Friday as investors sat tight for the December nonfarm payrolls report and a Supreme Court ruling on President Donald Trump’s tariffs, and analysts cautioned the decision could shake markets.
Grab said it will roll out an initial 20,000 high-performance electric vehicles (EVs) across Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand, while linking its driver app with GAC’s in-car system so drivers can view navigation and demand signals on a bigger screen. “By integrating the Grab driver app directly into the GAC cockpit display,” Chief Product Officer Philipp Kandal said, drivers can access key data without juggling devices. Grab
Grab’s main pillars — mobility and food delivery — continue to face intense price and promotion battles. Previously, the company has highlighted competitive strain from players including Delivery Hero’s Foodpanda and Indonesia’s GoTo.
The EV drive comes with real costs. GAC said the partners plan to roll out 20,000 vehicles in six Southeast Asian markets over the next two years, but any holdup in supply, charging access or financing could drag on adoption and inflate the price tag.
Technically, Thursday’s $4.86 low sits at a spot many traders treat as “support,” meaning buyers have previously shown up there. If shares can reclaim $5.05 — Thursday’s high — it would take some of the heat off after two consecutive down days. StockAnalysis
Markets are heading into a packed week: major banks start reporting earnings, and December U.S. CPI inflation figures arrive Tuesday — both central to shaping expectations for Fed rate cuts. “On balance for this year, the foundation for the market is solid,” said Michael Arone, chief investment strategist at State Street Investment Management, even as he pointed to risks that could spark more volatility. reuters.com
For Grab, the next real catalyst is its quarterly report, expected around Feb. 19, according to Nasdaq data. Investors will be watching for any early clues on the EV roll-out pace, and what that could mean for incentives and costs.
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