NanoMalaysia inks MoA with South Korean automotive players

Mosti Minister Datuk Seri Dr Adham Bin Baba (pic) said: “This collaboration is a notable opportunity to foster stronger ties to develop the Malaysian market and ecosystem for EVs and micro mobility in particular.

PETALING JAYA: NanoMalaysia Bhd, an agency under the Ministry of Science, Technology and Innovation (Mosti) has signed a Memorandum of Agreement (MoA) with a consortium of South Korea-based automotive companies.

The MoA will position Malaysia as an exporter of electric vehicle (EV) components for use in the micro mobility ecosystem in Asean, with a targeted investment value of US$30mil (RM126.6mil).