KUALA LUMPUR: Artroniq Bhd is expected to launch a new range of electric motor products in collaboration with its wholly owned subsidiary, Artronic Itech Sdn Bhd in the fourth quarter of 2023.
Artroniq said the significant advancement followed a strategic distribution agreement with Indonesia’s United Motors parent company, PT. Terang Dunia Internusa.
"Our partnership is not just about business; it's about shared values, especially in sustainability. This aligns perfectly with our commitment to environmental, social, and governance (ESG) principles, as both companies aim to reduce environmental impact and improve the quality of life for our stakeholders,” chief financial officer Marcus Chin Choon Wei said in a statement.
“The upcoming event represents the culmination of our partnership, where we will unveil innovative electric motor solutions to meet the growing demand for sustainable transportation,” he added.