EP Manufacturing in initial pact to assemble GWM vehicles
18 Oct 2023
EP Manufacturing Bhd has signed an initial agreement with Great Wall Motor Sales Malaysia Sdn Bhd to locally assemble GWM vehicles.
EP Manufacturing sealed a Memorandum of Understanding on the prospects through wholly-owned unit Peps-JV (Melaka) Sdn Bhd.
In a filing to Bursa Malaysia, EP Manufacturing said GWM has the intention and planning to anchor its Asean hub and sell the right-hand drive (RHD) model products in Malaysia.
“Peps-JV shall be responsible for the assembly and manufacturing vehicles under the brand of GWM.
“Peos-JV has been granted with a manufacturing licence by the Ministry of Investment, Trade and Industry of Malaysia which permits for the assemble of the products,” it said.
The MoU will run for a year.
“The MoU will allow the parties to leverage on each other’s strengths and expertise for collaborative development of GWM’s brand RHD internal combustion engine vehicle and electric vehicles to meet the market needs in Malaysia.
“This will potentially create an additional revenue stream for EP Manufacturing Group and make a favourable contribution to the group’s future expansion,” it said.