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.
...