EP Manufacturing Bhd executive chairman Hamidon Abdullah
KUALA LUMPUR: EP Manufacturing Bhd
(EPMB) has signed a landmark vehicle assembly agreement with BAIC International Development Co Ltd, amidst this notable development, solidifying a strategic partnership spanning an impressive 10-year period.
Under the terms of the agreement, EPMB via its fully owned subsidiary, Peps-JV (Melaka) Sdn Bhd will undertake the assembly and production of BAIC vehicles.
In a statement, EPMB said the initial models slated for production include the x55ii and BJ40+, with a lineup of electric vehicles (EVs), scheduled to debut in 2025.
As part of the agreement, BAIC will offer technical support, training, and supervision for assembly and manufacturing.
EPMB is to serve as the vehicle assembler, ensuring that BAIC's vehicles are meticulously assembled to meet the highest standards of quality and performance. BAIC will be responsible for the sales and marketing of the vehicles to maximise market penetration and brand visibility in Asean.
“I'm happy to note the positive momentum our company is gaining. EPMB is navigating a new agenda with new horizons.” executive chairman Hamidon Abdullah said.
“The strategic collaborations with OEMs from China signifies our commitment to chart a course towards better profitability for our stakeholders."
