MCE SIGNS MOUS TO SUPPORT LOCALISATION OF CHERY MALAYSIA'S PRODUCTION

KUALA LUMPUR, May 14 (Bernama) -- MCE Holdings Bhd, through wholly owned unit Multi-Code Electronics Industries Bhd, has signed memoranda of understanding (MOUs) with two Wuhu, China-based companies -- Cheling Smart Mobility Technology (Wuhu) Co, Ltd (CSM) and Wuhu Atech Automotive Electronics Co Ltd -- to support the localisation of Chery Malaysia’s production.

The original equipment manufacturer said the parties seek to work together on several key areas, including the local production of automotive parts and components, the transfer of technology and technical know-how, and ensuring compliance with Chery’s rigorous quality standards. 

“The parties are also committed to developing local talent through training and upskilling initiatives, and may explore joint investments in tooling or facilities to support production needs,” it said in a statement today.

 MCE Group managing director Dr Goh Kar Chun said the MoUs reflect MCE’s strong track record in design and manufacturing as well as the company’s commitment to support automakers in their localisation journey.

“With deep local insights and proven capabilities, we are well placed to help global players establish and grow their presence in Malaysia, while contributing to a more resilient and competitive supply chain,” he said.

According to MCE filings with Bursa Malaysia, CSM is primarily engaged in the development and operation of smart mobility solutions while Wuhu Atech Automotive Electronics specialises in the design, development, manufacturing, and sales of automotive electronic products.

-- BERNAMA