Ho Wah Genting explores electric vehicle tie-up

Ho Wah Genting said in a filing with Bursa Malaysia that AITOU is an investment company involved in project services such as participation in the formulation of strategies and business plan, assistance in follow-up financing, assistance in expanding upstream and downstream channels, and daily operational management.

KUALA LUMPUR: Ho Wah Genting Bhd and its subsidiary, HWGB EV Sdn Bhd, has entered into a Memorandum of Understanding (MoU) with China’s AITOU Capital Management Ltd to establish a partnership to introduce electric vehicles (EVs) in Malaysia.

The MoU will be in force for 12 months.