EPMB claims to be Malaysia's first homegrown EV manufacturer, to make 20,000 EVs annually
Shaun ยท Oct 18, 2022 10:49 AM
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EP Manufacturing Bhd (EPMB) has entered into an agreement with California-based SAEAN Group to jointly develop and manufacture electric vehicles (EVs), reports The Star.
The announcement mentioned that the group aims to develop a four-wheeled, five-door EV in the A-segment and manufacture 20,000 EVs annually. The companies may also venture into producing industrial EVs for the construction sector.
Under the partnership agreement, SAEAN will offer technical and design know-how for the EVs to be jointly developed with EPMB.
Meanwhile, EPMB will provide the market information necessary for developing EVs and strive for mass production, supply and sales.
EPMB executive chairman Hamidon Abdullah said, "We are set to be one of Malaysia's first homegrown EV carmakers once this joint venture with SAEAN is powered on.
"At this point, many EVs are still out of reach for most consumers as the entry prices are high. We aim that, through this collaboration, we can invoke more local sourcing to support our local assembly of the vehicle.
"Hopefully, the savings thereof can translate to cheaper entry and running costs," he said in a statement.
The quest for automotive knowledge began as soon as the earliest memories. Various sources information, even questionable ones, have been explored including video games, television, magazines, or even internet forums. Still stuck in that rabbit hole.