Hong Seng still keen on EV battery manufacturing

KUALA LUMPUR: Hong Seng Consolidated Bhd has mutually terminated its share 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 from the United States.