Cookware maker Ni Hsin explores battery production for electric motorcycles


KUALA LUMPUR: Ni Hsin Group Bhd is planning to venture into the business of producing advanced battery for electric motorcycles.

In a filing today, the cookware maker said it has entered into heads of agreement (HoA) with Seremban-based MNA Energy Sdn Bhd to discuss the proposed venture.

MNA Energy is principally engaged in the business of producing Battery Energy Storage Systems for Electric Mobility and Stationary applications.

"The rationale of the HOA is to facilitate the Group’s venture into the e-mobility business," Ni Hsin said.

"The Proposal will give the Group an advantage of a supply of battery for the EV Two Wheelers supported by a game-changing turnkey solution for a battery swapping infrastructure and facilitate the marketing of the EV Two Wheelers that the Group is developing in collaboration with Dongguan Tailing Electric Vehicle Co Ltd," it added.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Ni Hsin

   

Next In Business News

China c.bank makes biggest daily cash injection in three months
Oil prices volatile ahead of G7 discussions on Russian exports
Stocks gain as risk sentiment improves, oil steadies
EPF's outsourced investment assets rose 8% to RM167.63bil in 2021
Reservoir Link completes transfer to the Main Market
China Evergrande faces winding-up lawsuit in Hong Kong
ICPT concerns may resurface given the high coal prices
KLCI rebounds after early jitters to end midday session higher
AmBank expects 50 basis points OPR hike to 2.5%
Ringgit opens marginally higher against US dollar

Others Also Read