Ni Hsin to partner Vmoto for assembly of EV motorcycles

KUALA LUMPUR: Ni Hsin Group Bhd’s unit Ni Hsin EV Tech Sdn Bhd has entered into a memorandum of understanding with Australian Exchange-listed Vmoto Ltd to assemble and distribute Vmoto branded electric vehicles (EVs) in Malaysia.

In a statement, Ni Hsin said the parties have formed a strategic partnership for the execution of a distribution agreement and entering into a joint venture structure to assemble Vmoto’s F01, CPX Pro and TC Max EV motorcycles.