Ni Hsin Group, Dongguan Tailing Motor Vehicle inks MoU to produce EV bikes for Malaysia, ASEAN
17 Sep 2021
Ni Hsin Group Bhd’s wholly-owned subsidiary Ni Hsin EV Tech Sdn Bhd (NHEV) will be collaborating with China-based Dongguan Tailing Motor Vehicle Co Ltd (DTMV) to develop customised electric vehicles (EV) for commercial purposes in Malaysia and the ASEAN region.
NHEV and DTMV today signed a memorandum of understanding (MoU) to collaborate and explore opportunities in the study, research, development, assembly and distribution of the EV project.
NHEV managing director Khoo Chee Kong said the Ni Hsin group’s venture into the e-mobility business is about business sustainability and a commitment to the environmental, social and corporate governance (ESG) criteria of sustainability.
“Through the collaboration, we will be working with DTMV to develop the EV bikes for the above and other commercial purposes,” he said in a statement today.
Khoo pointed out that the transport sector is responsible for 14 per cent of global greenhouse gas emissions, and the challenge of reducing transport emissions is proving increasingly important.
“This emphasises technological and organisational change, steering the world towards electromobility and zero-emission transport with the ultimate effect of reducing emissions in this sector and improving the health of the planet’s population,” he said.
Businesses have begun to embrace using EVs for delivery as they offer tangibly lower maintenance and operational costs.
This is also possible because of their significantly simpler mechanical systems, which require minor regular maintenance, such as not requiring costly oil changes.
Industry giants like Amazon, Flipkart, IKEA, Swiggy and Grofers have been using electric bikes for deliveries in most cities.
Established in 2004, DTMV is one of the top three manufacturers of electric two-wheelers in China, with a presence in over 75 countries.
Over 420 patents have been issued by the company’s research and development division in high-performance EV, extended efficiency, and cloud services.
DTMV has delivered EV models to China Telekom, Baidu Takeaway, and Proctor & Gamble, among others, with ESG remaining a strong focus in the company’s operations.