KUALA LUMPUR, Jan 26 (Bernama) -- Malton Bhd has signed a memorandum of understanding (MOU) with China-based Dongguan Benling Vehicle Technology Co Ltd (BENLG) to explore setting up a local assembly plant and distribution system for electric motorcycles in Malaysia.
The property developer said the collaboration marks the company's expansion into the green mobility space to capitalise on the rapid shift in Malaysia's urban transportation landscape.
"Through this collaboration, BENLG is seeking to establish an assembly hub in Malaysia as a gateway to the wider ASEAN electric two-wheeler market. Malton, in turn, is exploring this venture as part of its ongoing diversification strategy into future-ready industries, particularly those aligned with national development policies in industrialisation, electrification, and sustainable transport," it said in a statement.
Malton said that under the MOU terms, which are valid for nine months, both parties will commence joint feasibility studies to determine the commercial viability of a local assembly facility. "This process will involve a comprehensive analysis of market demand in Malaysia and the wider Southeast Asian region, alongside the identification of strategic industrial sites suitable for assembling EV motorcycles for both domestic use and export," it added.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
