Ni Hsin Group Berhad says it had received the Vehicle Type Approvals (VTA) from the Department of Road Transport Jabatan under the Malaysia Road Transport Act 1987 for two models of its EBIXON Electric Vehicle Bike in the personal and commercial categories namely, the TAILG BOLD and TAILG TORQ respectively.
The group’s subsidiary entered into an Original Equipment Manufacturing Agreement with Dongguan Tailing Motor Vehicle Co., Ltd. for the manufacture of EV Bikes, or EV Motorcycles as commonly known in Malaysia. Under the OEM Agreement, TAILG will manufacture the EV Bikes and deliver components, spare parts, and software while Ni Shin will assemble and test as well as run quality control and commission the EV Bikes in Malaysia.
TAILG, established in China in 2004, specializes in R&D, manufacturing, sales, and service of new energy-electric vehicles. Its products cover electric bike, electric scooter, electric special bike, electric tricycles and other vehicles. TAILG, which ranks top 3 in China, is recognised as a “Partner of UN Environment E-mobility Programme” and has 7,000 exclusive shops all around the world. TAILG also set the Guinness World Record for the greatest distance by electric scooter, single charge in October of 2020.
The International Trade and Industry Ministry (“MITI”) had, on 17 March 2022, issued the Manufacturing Licence to Ni Shin to act as Licenced Manufacturer to carry out the ‘Manufacture and Assembly of Electric Vehicle Bike’ activity.
The group is currently working with large commercial motorcycle distribution channels and battery-swapping station owners across Malaysia and ASEAN, including financiers for its customers and large commercial fleets.
Ni Shin is targeting to sell 50,000 units of EBIXON EV Bikesin Malaysia and ASEAN in the next three years. Demand for EV Bikes in the region is expected to see explosive growth over the next three to 10 years, surpassing Europe and East Asia. This growth is supported by the region’s e-commerce market, which is valued at US$2.53 billion in 2022 and is expected to have a compound average growth rate of 20.6% over the five-year period to 2027 according to International Trade Administration data.
