From left: EP Manufacturing Bhd executive chairman Hamidon Abdullah and SAEAN Group Inc. chief executive officer John Lee.
KUALA LUMPUR: EP Manufacturing Bhd
has entered into a memorandum of agreement with California's Saean Group Inc to mass produce 20,000 electric cars a year for the Southeast Asian market.
The group said it is making its debut in the manufacturing of four-wheeled electric vehicles (EV) with the partnership to mutually develop and manufacture electric vehicles (EV) in the A-segment's four-seater, five-door electric car.
The strategic alliance may also look into manufacturing heavy industry EVs for the construction sector, it added.
Under the partnership, Saean will offer technical and design know-how for the EVs while EP Manufacturing will provide support in terms of resources and market information, actively strive for mass production, supply and sales.
"At this point, many EVs are still out of reach for most consumers as the entry prices are high.
"We aim that, through this collaboration, we can invoke more local sourcing to support our local assembly of the vehicle.
"Hopefully, the savings thereof can translate to cheaper entry and running costs," said EP Manufacturing executive chairman Hamidon Abdullah in a statement.
