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NexV Manufacturing Sdn. Bhd. and Global NEV Technology Sdn. Bhd. Ink MoU for NEV Collaboration
Malaysian electric vehicle (EV) firm NexV Manufacturing Sdn. Bhd. (NMSB) and Chinese-held EV firm Global NEV Technology Sdn. Bhd. (GNEV) have inked a Memorandum of Understanding (MoU) to explore strategic collaborations in the assembly and manufacturing of New Energy Vehicles (NEVs) in Malaysia.
Collaboration Details
The duo said in a statement on Wednesday that by combining NMSB’s cutting-edge manufacturing capabilities and GNEV’s expertise in import and distribution, the collaboration is geared to enhance the NEV ecosystem in Malaysia, initially focusing on Knocked Down (KD) operations, with GNEV expressing its intention to enter into a contract assembly arrangement with NMSB.
The primary objective of this MoU is to establish a framework for collaboration between NMSB and GNEV in developing Malaysia’s green technology facility dedicated to manufacturing and assembling NEVs.
Commercial Vehicle Assembly
The collaboration aims to kick off with the assembly of GNEV brand EV Van powered by LiuZhou Wuling, meeting the rising demand for commercial electric vehicles in the ASEAN region.
Once a definitive agreement is signed between the two parties, the collaboration may see its first EV commercial vehicle roll out from the NexV’s production line as soon as the first quarter of 2026.
Specific activities under the MoU will be detailed in a definitive agreement, which both parties aim to sign by mid-February 2025.
Quotes from CEOs
“This MoU represents a significant step forward in our mission towards developing Malaysia’s green technology transition,
“By combining our strengths, we aim to set a new benchmark for NEV assembly and manufacturing in the region”, said Lim Kwee Shyan, Chief Executive Officer of NMSB.
Meanwhile, Andrew Thu Pong Fan, Executive Director of GNEV, said the firm is excited about the potential of this partnership.
“We believe this collaboration will not only bring innovative NEV solutions to the market but also contribute to Malaysia’s vision of becoming a regional hub for sustainable technology,” he added.
About NexV Manufacturing Sdn. Bhd. and Global NEV Technology Sdn. Bhd.
NMSB is a joint venture between Careplus Group Berhad and GoAuto Group Sdn. Bhd. that aims to lead Malaysia’s transition to sustainable and green automotive technology by constructing the country’s first dedicated green technology manufacturing facility.
Its NEV manufacturing plant in Chembong, Negeri Sembilan, is set to become a cornerstone of the country’s transition to sustainable mobility, slated to commence operations in the second quarter of 2025 and is expected to bring substantial economic and employment benefits to Negeri Sembilan and surrounding regions.
GNEV is the importer and distributor of New Energy Valley Group for electric commercial vehicles range of GNEV brands manufactured by LiuZhou Wuling.
GNEV envisages a 15 years plan for Technology Transfer between China and Malaysia to building a truly Malaysian EV Tech Hub for the region.
The GNEV roadmap brainchild shall be redefining the EV market landscape in the near future.
Conclusion
The project not only aligns with Malaysia’s green initiatives but also stands as a catalyst for economic transformation, driving innovation and fostering a vibrant ecosystem of local suppliers and partners.
By integrating cutting-edge technologies and nurturing homegrown talent, this collaboration aspires to elevate Malaysia’s position as a regional leader in sustainable automotive solutions.
