NexV Manufacturing, Global Nev Technology Ink Partnership For Commercial EV Assembly

KUALA LUMPUR, Jan 16 (Bernama) -- NexV Manufacturing Sdn Bhd (NMSB) and Global NEV Technology Sdn Bhd (GNEV) have inked a memorandum of understanding (MoU) to explore strategic collaborations in the assembly and manufacturing of new energy vehicles (NEVs) in Malaysia.

A joint statement said the collaboration aims to enhance the NEV ecosystem in Malaysia, and will initially focus on knocked-down operations while GNEV intends to enter into a contract assembly arrangement with NMSB.

"The primary objective of this MoU is to establish a framework for collaboration between NMSB and GNEV in developing Malaysia’s green technology facility dedicated to manufacturing and assembling NEVs. 

"Specific activities under the MoU will be detailed in a definitive agreement, which both parties aim to sign by mid-February 2025," it said.

Once a definitive agreement is signed, the collaboration may see its first commercial electric vehicle roll out from the NMSB's production line as early as the first quarter of 2026 (1Q 2026), the statement said.

NMSB, a joint venture between Careplus Group Bhd and GoAuto Group Sdn Bhd, aims to lead Malaysia’s transition to sustainable and green automotive technology by constructing the country’s first dedicated green technology manufacturing facility. 

The NEV plant in Chembong, Negeri Sembilan, is set to open in 2Q 2025, and will support Malaysia’s shift to sustainable mobility while boosting the economy and creating jobs in the region.

-- BERNAMA