Hong Seng remains keen on EV battery manufacturing project

Hong Seng executive director Lester Chin

KUALA LUMPUR: Hong Seng Consolidated Bhd has mutually terminated its shares sale agreement (SSA) with CSH Alliance Bhd (CSH) for the proposed acquisition of Alliance EV Sdn Bhd (AEV).

Despite the termination, Hong Seng remained keen on the electrification revolution by choosing to focus on its electric vehicle (EV) batteries manufacturing project (Project Volt) in collaboration with EoCell Inc (USA).