Japan-based Toyoda Trike to collaborate with Graphjet Technology in sourcing raw materials for EV bikes
01 Jun 2022
Japan-based Toyoda Trike Inc will work together with Graphjet Technology Sdn Bhd (GTSB) to ensure the supply of raw materials for its electric bicycle rollout in Malaysia would be sufficient.
Toyoda chief executive officer Toyoda Misako said GTSB will be the key supplier of raw materials for the production of Toyoda’s electric bicycle that will be deployed in Malaysia and in Southeast Asia (SEA).
Toyoda is the developer and manufacturer of electric vehicle (EV) and electric motorcycles.
Its largest shareholder is the Toyoda family, the fourth generation of the founder of Toyota Corporation, the largest automobile manufacturer in the world.
Together with Asia Development Capital Co Ltd (ADC), which is a public listed company on the Tokyo Stock Exchange that has a market capitalisation of JPY9.4 billion, or about RM320 million, they own more than 80 per cent of the company.
ADC chief executive officer Anselm Wong said the company will be working with GTSB to ensure the continuity of the key supplies of raw materials for the production of its electric bicycle amd other carbon neutral mobility products.
“This is important as key raw materials such as graphene and graphite are vital in the production of long-lasting batteries.
“With the growing demand for electric vehicles and electric bicycles, we need to collaborate with partners to ensure that the supply of these raw materials is not disrupted,” he said in a statement today.
GTSB focuses on graphjet technology that converts palm kernel shells to graphite and graphene.
The company also touted as the only technology globally that possesses such capability.
GTSB executive director Lee Ping Wei said the company looks forward to be the key partner in the supply of graphene and graphite to Toyoda for the production of its electric bicycle and other carbon neutral mobility products.
“This gives us an opportunity to expand our presence in the electric vehicle space, and potentially the emerging new era of long-lasting batteries.
“Given the importance of key raw materials such as graphene and graphite, we will ensure that the logistics bottlenecks and supply chain disruptions would be minimal,” he said.
The sourcing of raw materials, logistics arrangements and planning for a comprehensive supply chain would be part of GTSB’s focus in this collaboration.