KUALA LUMPUR (Oct 16): Ni Hsin EV Tech Sdn Bhd, a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Bhd, has signed a collaboration cum donation agreement with Universiti Sains Malaysia (USM), Focus Applied Technologies Sdn Bhd (Focus), and Dongguan Tailing Electric Vehicle Co Ltd (TAILG), with the aim of assisting Malaysia to promote electric mobility, particularly two- and three-wheelers, and demonstrate the viability of existing electric two-wheelers to perform significant useful work in the Malaysian transportation environment.
Under the collaboration, all parties are committed to exploring opportunities to develop, support, and enrich research activities, educational programmes, and training in their respective fields of expertise, thus creating synergistic benefits for all, said Ni Hsin in an announcement to Bursa Malaysia on Monday.
TAILG will donate 50 units of Ebixon Bold electric motorcycles assembled by Ni Hsin EV Tech, for USM to track and collect related data with the support of Focus, which will provide the hardware, installation, and commissioning of the vehicles.
Additionally, Focus will provide financial support of a sum not exceeding RM10,000 to USM, to cover the time and efforts involved in assisting with the study.
A range of end-users with different vehicular needs have to be selected in order to quantify the vehicle's performance and applicability to different situations. Notably, the vehicles will be provided free of charge for one year.
Following this, USM will conduct vehicle testing, tracking, data logging, operator questionnaires and interviews, and an end-of-project vehicle inspection. At the end of the study, the end-user may be qualified to receive the electric motorcycle permanently.
“We are delighted to participate in this study, which will provide insight on the various aspects of the utilisation of the electric two-wheeler in Malaysia so that we are able to make improvements to its design and features to meet the expectations of the consumers. This will enhance its appeal to the public and encourage faster EV (electric vehicle) adoption,” said NH EV Tech managing director Khoo Chee Kong.
“This strategic collaboration enables the parties to contribute to public education and awareness of the viability of using electric two-wheelers to aid the Malaysian government’s commitment to low-carbon initiatives, as outlined in the National Low Carbon Cities 2030 plan,” he added.
At the time of writing, Ni Hsin shares were trading on Bursa Malaysia at 13 sen apiece, up one sen or 8.33% from last week's close, giving it market capitalisation of RM74.49 million.