KUALA LUMPUR: Ni Hsin Group Bhd
subsidiary Ni Hsin EV Tech Sdn Bhd has penned an original equipment manufacturing (OEM) agreement with Dongguan Tailing Motor Vehicle Co Ltd for the manufacture of the eBixon EV Bike.
Under the terms of the agreement, Dongguan Tailing will manufacture the bikes and deliver them as semi-knocked down components that include spare parts and software while Ni Hsin EV Tech will assemble, test, run quality control and commission the electric two wheelers in Malaysia.
"Our venture into the mobility business is in line with the group's commitment to seek opportunities under the ESG criteria of sustainability.
"This venture is now coming to fruition with the OEM agreement and the manufacturing licence from the International Trade and Industry Ministry obtained in October 2021," said Ni Hsin EV Tech managing director Khoo Chee Kong in a statement.
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