News

MCE signs MoU with China's Chongqing Beidou for JV to develop electric, hydrogen motorcycles



KUALA LUMPUR, Sept 20 -- MCE Holdings Bhd's wholly-owned subsidiary MCE Ventures Sdn Bhd (MVSB) has signed a memorandum of understanding (MOU) with China’s Chongqing Beidou Jiean Neo-Energy Technology Ltd (BDJA) to establish a joint venture (JV) for the electric vehicle business.

Through the MOU, the parties would act as a centre for research, dissemination and incubator to facilitate and accelerate the local usage and product development capabilities for electrical and hydrogen motorcycles, it told the stock exchange.

They would also design, develop, manufacture and assemble two-wheeler electric motorcycles and other forms of e-mobility, battery-pack systems and complete solutions for the electric motorcycle charging station, among others. 

The one-year MOU will enable the company through MVSB to expand and widen its product range by participating in a JV company to design, develop, manufacture and assemble the products.

MCE said the MOU would not have any material effect on the issued and paid-up capital, net assets, and earnings of the company for the financial year ending July 31, 2022, and added that it was not subject to the approval of shareholders and any regulatory authority.

Based in Chongqing, China, BDJA is a technological company specialised in providing total solutions for new energy technology and its application for various industries.

MVSB is an investment holding company with affiliate companies that specialise in automotive parts.   


-- BERNAMA





    Other News

Tax breaks, incentives needed to boost adoption of clean energy

By Siti Radziah Hamzah

KUALA LUMPUR, Oct 12  -- The prolonged lockdown amid the COVID-19 pandemic has had an impact on the energy industry, particularly the small and medium enterprises (SMEs) that provide a major supporting role for the sector’s growth.


Solarvest allocates RM1 mln fund for SIL 2021

KUALA LUMPUR, Oct 11  --Solarvest Holdings Bhd (Solarvest) is allocating RM1 million for its newly-launched Solarvest Innovation Lab 2021 (SIL 2021), a start-up programme to spur innovation and entrepreneurship developments in renewable energy, green technology and financial technology.


Penang approves electrical maintenance project under Maintenance Fund

GEORGE TOWN, Oct 10  -- The Penang government has approved an electrical maintenance project under the 80:20 Maintenance Fund at Block 46, Greenlane Heights here.


    Main Sponsor


    Quotes



© 2021 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy | Security Policy This material may not be published, broadcast,
rewritten or redistributed in any form except with the prior written permission of BERNAMA.

Best viewed in Firefox 58.0.1 (64-bit) & Chrome Version 63.0.3239.132 (Official Build) (64-bit) with 1920 x 1080 resolution

Contact us :
General [ +603-2693 9933, helpdesk@bernama.com ]
Product/Service Enquiries [ +603-2050 4466, portal@bernama.com ]