KUALA LUMPUR: Ni Hsin Group Bhd's subsidiary, Ni Hsin EV Tech Sdn Bhd (NH EV Tech), has entered into heads of agreement (HOA) with MNA Energy Sdn Bhd (MNAE) to develop battery technology for electric motorcycle, which are also known as EV two-wheelers.
NH EV Tech managing director Khoo Chee Kong said the collaboration with MNAE complemented the company venture into the e-mobility business as battery systems are critical to EV two-wheelers.
"We are developing an advanced battery system and a standardised battery swapping infrastructure for EV two-wheelers that will be convenient to riders who can easily swap their depleted batteries with fully-charged ones at stations that we are setting up.
"We believe this will boost the use of EV two-wheelers in urban areas," he said in a filing with Bursa Malaysia today.
He said the agreement also allowed NH EV Tech to participate in the business and growth of MNAE.
He added that the company is now working towards getting the Vehicle Type Approval (VTA) permit from the Road Transport Department for the EV two-wheelers as the VTA is important for MNAE's SmartSwap programme.
MNAE produces battery energy storage systems for electric mobility and stationary applications such as telecommunications towers and solar energy farms.
It is pioneering electric mobility-as-a-service (EMaaS) in Malaysia by developing SmartSwap, a game-changing turnkey solution for a battery swapping infrastructure for electric motorcycles.
The EV ecosystem is supported by Malaysia's National Automotive Policy in which, there are specific initiatives to strengthen the ecosystem including critical parts manufacturers, standard-setting as well as research and development leading to commercialisation of local EV technologies. – BERNAMA
