KUALA LUMPUR: MCE Holdings Bhd
has signed a joint venture (JV) with Nanjing Chuhang Technology Co Ltd (NCT) to produce driver assistance radar.
In a statement today, MCE said the JV builds on the memorandum of understanding signed in November 2024 between its wholly owned subsidiary MCE Ventures Sdn Bhd and NCE.
It said a new JV company will be formed where MCE will own 51 per cent and NCT will hold the remaining 49 per cent.
MCE said the new JV company would develop, manufacture, and market automotive millimetre-wave radar, a key component of advanced driver assistance systems (ADAS) and automated driving applications, for domestic and global markets, excluding China.
"These sensors are essential to vehicle safety and serve as a core enabler of next-generation vehicles equipped with assisted or autonomous driving functions, allowing them to detect, interpret, and respond to their surroundings with precision and reliability.
"The JV strengthens both parties’ positions in these fast-growing segments and enhances their ability to meet rising global demand for intelligent mobility solutions,” it said.
MCE group managing director Dr Goh Kar Chun said the joint venture with Nanjing Chuhang Technology is an important leap for the company as it expands its expertise and broadens offerings in advanced automotive electronics.
"It prepares us to cater to the growing global demand for smart mobility technologies and reinforces our ambition to deliver high-value and sophisticated solutions from Malaysia for the domestic market as well as to the world,” he said.
The signing of the JV took place at the Malaysia Pavilion during World Expo 2025 Osaka as part of the Malaysia Automotive, Robotics and IoT Institute’s (MARii) NxGv: Game Changer in Energy Transition and Mobility event.
Meanwhile, in a filing with Bursa Malaysia, MCE said the JV is expected to contribute to the MCE Group’s performance from the second quarter of the financial year ending July 31, 2026. - Bernama
