KUALA LUPUR: Ni Hsin Group Bhd
's electric vehicle (EV) unit has received the vehicle type approvals from the Road Transport Department for two models of its EBIXON EV bikes - the TAILG BOLD and TAILG TORQ - in the personal and commercial categories resectively.
According to Ni Hsin EV Tech Sdn Bhd managing director Khoo Chee Kong, the company will commence completely knocked down (CKD) assembly of the EBIXON EV Bikes in November this year for launch on the Malaysian market.
He said the company targets to sell 50,000 units of EBIXON EV bikes in Malaysia and Asean in the next three years as demand in the region is expected to see explosive growth over the next three to 10 years, surpassing Europe and East Asia.
"The venture into the e-mobility business is in line with the Group’s commitment on ESG.
"The Ni Hsin EV bikes are the first fully adapted EV Bikes for the domestic personal and commercial market and will create a new standard in clean transport across the country and beyond," he said.
Ni Hsin EV Tech had on March 23, 2022, entered into an original equipment manufacturing agreement with Dongguan Tailing Motor Vehicle Co Ltd for the manufacture of EV bikes.
Under the OEM Agreement, TAILG will manufacture the EV Bikes and deliver components, spare parts and software while NH EV TECH will assemble and test as well as run quality control and commission the EV Bikes in Malaysia.
