KUALA LUMPUR: Malton Bhd
has signed a memorandum of understanding (MOU) with China-based Dongguan Benling Vehicle Technology Co Ltd (BENLG) to explore setting up a local assembly plant and distribution system for electric motorcycles in Malaysia.
The property developer said the collaboration marks the company's expansion into the green mobility space to capitalise on the rapid shift in Malaysia's urban transportation landscape.
"Through this collaboration, BENLG is seeking to establish an assembly hub in Malaysia as a gateway to the wider ASEAN electric two-wheeler market. Malton, in turn, is exploring this venture as part of its ongoing diversification strategy into future-ready industries, particularly those aligned with national development policies in industrialisation, electrification, and sustainable transport," it said in a statement.
Malton said that under the MOU terms, which are valid for nine months, both parties will commence joint feasibility studies to determine the commercial viability of a local assembly facility.
"This process will involve a comprehensive analysis of market demand in Malaysia and the wider Southeast Asian region, alongside the identification of strategic industrial sites suitable for assembling EV motorcycles for both domestic use and export," it added. - Bernama
