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EPMB inks MoU with MARII to facilitate venture into electric vehicles, delivery ecosystem

KUALA LUMPUR, Nov 10 -- Automative and engineering company EP Manufacturing Bhd (EPMB) has signed a memorandum of understanding (MoU) with the Malaysia Automotive Robotics and IoT Institute (MARii) to collaborate and venture into the “super delivery ecosystem and electric vehicles (EVs)” business.

In a statement to Bursa Malaysia, EPMB said the company and MARii have agreed to explore the establishment of a production and “localisation” plant to assemble two-wheel and four-wheel EVs.

“This will include a marketing infrastructure to sell these EVs in the local Malaysian market, together with a charging network to support them,” it said.

EPMB said both parties also agreed to establish a “super delivery ecosystem and to incorporate this with an electronic payment system.”

“There will be a redefinition of the present delivery infrastructure and consolidation to take it to the next level. This will give rise to a structured integrated platform to better serve all involved,” it added.

EPMB said the MoU would remain in effect for two years.

EPMB executive chairman Hamidon Abdullah said the recent Budget 2022 announcement on the elimination of all taxes on EVs in Malaysia shows the government’s seriousness in accelerating the EV uptake and development of EV infrastructures and ecosystems.

MARii chief executive officer Datuk Madani Sahari said “the activities to be implemented through the MoU contain important building blocks to complete the ecosystem of electromobility which will chart the future use of electric vehicles.”

-- BERNAMA

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