After a recent announcement by a local company venturing into EV bikes with a Chinese partner, MCE Holdings Berhad which is involved in automotive accesories has entered into a Memorandum of Understanding with
another Chinese maker of EV and Hydrogen powered 2 wheelers.
Both MCE and Chongqing Beidu Jiean Neo-Energy will be forming a joint venture company to explore on the areas of research, dissemination and incubator to facilitate and accelerate the local usage and product development capabilities for Electrical and Hydrogen motorcycles.
They will also look into aspects of design, develop, manufacture and assemble 2 wheeler electric motorcycle and other form of E-mobility including producing battery pack system like battery management system and required
software. Apart from catering for local consumption, there are plans to make Malaysia a research and manufacturing centre for EV and Hydrogen bikes in ASEAN.
Currently the proposed equity arrangement will for MCE to hold 30% and BDJA 70% of total equity shares. The investment is planned over a 3 year period and is to begin with Malaysia Ringgit One Million (RM1,000,000-00)
investment size. Depending on the operational needs, the investment can be subsequently increased further based on equity ratio to be mutually agreed by both parties.
According to Markets and Markets, the global e-Bike market is set to grow from USD40 billion to USD70 billion by 2027. Government support and the move towards more sustainable mode of transportation will drive this sector even higher in the coming years. Malaysia is not taking a wait and see attitude in this front, the 12th Malaysia Plan is expected to pay much attention in green and renewable energy adoption. And mobility will be playing a pivotal role in this agenda.
