EP Manufacturing Berhad has announced it has signed a 10 year Vehicle Assembly Agreement this time with BAIC International Development Co. Ltd.
Under the terms of the agreement, EPMB via its fully owned subsidiary, Peps-JV (Melaka) Sdn Bhd will undertake the assembly and production of BAIC vehicles, the initial models slated for production include the x55ii and BJ40+, with a lineup of Electric Vehicles (EVs), scheduled to debut in 2025.
As part of the agreement, BAIC will provide relevant technical support and training, as well as guidance and supervision on the assembly and manufacturing process. EPMB is to serve as the vehicle assembler while BAIC will be responsible for the sales and marketing of the vehicles across Asean.
This comes after the group announced its automotive manufacturing facility in Melaka, which upon completion will have the capacity to produce up to 30,000 vehicles a year. EPMB signed a Memorandum of Understanding with BAIC International in August 2023, paving the way for today’s agreement.
