Recent News in the Automotive and Manufacturing Sectors
Updated: Aug 28
1. Neta is a Chinese electric vehicle brand, and the Neta S is a compact SUV that will be entering the Malaysian market
The Neta S is equipped with a 57.6 kWh battery that provides a range of up to 400 km. The vehicle can accelerate from 0-100 km/h in 7.9 seconds and has a top speed of 160 km/h. The Neta S is also packed with features such as a panoramic sunroof, wireless charging, and a 12.3-inch digital dashboard. The Neta S will launch in Malaysia in the fourth quarter of 2023, and pricing details have not yet been revealed.
2. Malaysian glove Manufacturer Careplus Group Berhad and GoAuto Group Berhad plan to form a joint venture to expand their electric vehicle (EV) business in Malaysia and Southeast Asia
The two companies aim to build a manufacturing plant to produce EV components such as batteries, electric motors, and power electronics for use in electric cars and buses. They expect the plant to be operational in the second half of 2024 and have an annual production capacity of 30,000 EVs. The joint venture is expected to leverage Careplus' expertise in developing auto parts and GoAuto's experience in electric vehicle production.
3. Betamek, a Malaysian automotive parts manufacturer, has partnered with a China-based company to venture into the ASEAN auto industry
The partnership aims to bring new capital, technology, and expertise to the region and could potentially boost the automobile industry and other related sectors. The report also highlights that the ASEAN market is expected to grow rapidly, and with this partnership, Betamek could take advantage of the growing demand for automotive parts and services in the region
4. University Malaysia Perlis and Fujii Engineering Co., Ltd has signed a collaboration agreement for the research and commercialization of electric vehicles
The collaboration aims to develop technologies in the areas of electric vehicle design, battery management systems, and charging infrastructure, among others. Both parties will work together to conduct research, develop prototypes, and commercialize electric vehicle technologies in Malaysia. This partnership is expected to further boost Malaysia's electric vehicle industry and contribute to the country's transition towards a low-carbon economy.