Ta Win enters EV market


Ta Win Datuk Seri Ngu Tieng Ung

KUALA LUMPUR: Ta Win Holdings Bhd is embarking into the global electric vehicle (EV) market following the appointment of its subsidiary as a vendor in the global automotive supply chain by a New York Stock Exchange-listed company.

In a statement on Tuesday, Ta Win said its unit Cyprium Wire Technology Sdn Bhd (CWT) received a global vendor agreement from international technology and mobility company, Aptiv plc.

It said the agreement would see CWT utilising its innovative electron beam irradiation technology to manufacture cables and automotive components for Aptiv.

CWT is certified by the International Automotive Task Force (IATF), attaining IATF 16949:2016 certification in January 2021, demonstrating its international standard of technical specifications for automotive industry quality management systems.

Group managing director Datuk Seri Ngu Tieng Ung said the appointment was a testament to CWT’s technical capabilities in the global automotive supply chain, as our innovative technology positions us well to cater for the growing global EV market.

“Enabling us to develop a strong procurement relationship with Aptiv, this opens up vast prospects for CWT by tapping into Aptiv’s global business presence across 44 countries, with clientele that include 23 of the 25 largest automotive original equipment manufacturers in the world, including BMW, General Motors (GM), Stellantis NV, Toyota, Tesla and Volkswagen,” he added.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
   

Next In Business News

Bermaz profit raises to RM133.9mil in FY21
Palm oil reverses course to trade up 1% on stronger US soyoil
Uzma, Petra Energy JV wins onshore petroleum E&P contract in Sarawak
Ipmuda sells PJ property to Kerjaya Prospek, eyes expansion into renewable energy and healthcare businesses
Tenaga, plantations power KLCI sharply higher
Malaysia maintains CPO export tax at 8% for July
FDI slips to lowest since 2009 due to pandemic
Vehicle sales in May doubled on-year but minimal sales seen in June
Malaysia's Carsome weighs US listing with SPAC as option
Pound tumbles as virus resurgence clouds hope for UK recovery

Stories You'll Enjoy


Vouchers