EP Manufacturing Berhad secured conditional approval for a manufacturing license from Malaysia’s Ministry of Investment, Trade and Industry to manufacture and assemble four-wheel energy-efficient vehicles (EEVs), electric passenger vehicles (EVs) and electric commercial vehicles.
The approval, which comes under the scope of the Industrial Co-ordination Act 1975, was awarded to Peps-JV (Melaka) Sdn Bhd, a wholly-owned subsidiary of the Company, on 10 July 2023. The award of the license is subject to conditions that must be fulfilled by PJVM within six months from the letter of approval.
In filing with Bursa Malaysia, EPMB said the manufacturing license would enable PJVM to start a manufacturing plant to assemble EEVs, EVs, and other related products. This expansion will open up new business opportunities for revenue and business growth while aligning the business with sustainability initiatives, the Group added.
