The MoU between Sersol and Chongqing Beidou is for the production and distribution of electric scooters and related accessories and infrastructure in Malaysia, Thailand and Indonesia.
KUALA LUMPUR: Sersol Bhd
’s joint-venture (JV) companies have entered into a memorandum of understanding (MoU) with China’s Chongqing Beidou Jiean Neo-Energy Technology Ltd.
The MoU is for the production and distribution of electric scooters and related accessories and infrastructure in Malaysia, Thailand and Indonesia.
In a filing with Bursa Malaysia, Sersol said the JV companies will assist Chongqing Beidou in conducting and to accomplish all business activities including but not limited to show rooms, product on-road certification and essential stocks.
Chongqing Beidou will provide the products, including technology transfer and patent licensing when the parties want to set up the manufacturing base in either Malaysia or Thailand, Sersol added.
