CSH Purchases RM10 Million PJ Land For New Electric Vehicle Showroom

CSH Alliance Berhad announced its acquisition of a plot of industrial in Jalan Tandang, Petaling Jaya for a total cash consideration of RM10 million from M Xpress Sdn Bhd.

The group via its subsidiary Alliance EV plans to turn the land to set up a 4S (“sales, service, spare parts and body & paint) Services centre and showroom to provide the related after-sales services to the EV consumers as well as to showcase EV models.

“The acquisition of Jalan Tandang Land is part of the company’s strategic move to address the requirements from BYD Malaysia Sdn Bhd to have a showroom for customers to visit and 4S service centre in Klang Valley. Moreover, Jalan Tandang is a key location within the vicinity of many SMEs, and transportation companies that require EV for commercial use said Peter Yap, Executive Director of CSH.

According to CSH it has also acquired 55 acres of land in Tanjung Malim for a local assembly plant, this will be within the Automotive Hi-Tech Valley (AHTV) which will house the biggest automotive manufacturing plant in Malaysia with comprehensive supply chain companies around the area. AHTV is expected to be a high-impact major project to boost the national automotive industry and is envisioned to be an automotive industry hub for the ASEAN region.

The global electric vehicle market, which is anticipated to grow 5-folds from USD 287.36 billion in 2021 to USD 1,318.22 billion in 2028 coupled with the fact that EV industry in Malaysia is still in its infancy, Alliance EV expressed its confidence in the huge potential and prospect for the company to capture the potential market, especially the booming e-Commerce and logistics industries which is driving the logistics service providers to embrace advanced technologies and their commitment towards the zero-emission target.

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