Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Ni Hsin Signs MoU With Tailg For Electric Vehicles Collaboration

KUALA LUMPUR, Sept 17, 2021 - (ACN Newswire) - Ni Hsin EV Tech Sdn Bhd, a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad) ("Ni Hsin"), today entered into a Memorandum of Understanding with Dongguan Tailing Motor Vehicle Co., Ltd. ("TAILG") with the intention to collaborate and explore opportunities in the study, research, development, assembly and distribution of customised Electric Vehicles ("EV") for commercial purposes in Malaysia and the ASEAN region ("the Proposal").

Established in 2004, TAILG is one of the top three manufacturers of electric two-wheelers in China with a presence in over 75 countries and a research and development arm that has come up with over 420 patents relating to high performance EV, extended efficiency and cloud services.

TAILG has won numerous awards including National High-Tech Enterprise and National Quality Training Base, and delivered EV models to China Telekom, Baidu Takeaway as well as Proctor & Gamble, amongst others. Environmental, social and governance ("ESG") is a strong focus of TAILG's operations, and the company is also a partner of the "United Nations Environment E-mobility Programme".

Khoo Chee Kong, Managing Director of Ni Hsin EV Tech Sdn Bhd, said: "The transport sector is responsible for 14% of global greenhouse gas emissions. The challenge of reducing transport emissions is proving increasingly important. This puts the emphasis on technological and organisational change, steering the world towards electromobility and zero-emission transport with the ultimate effect of reducing emissions in this sector and improving the health of the planet's population."

Businesses have begun to embrace using EVs for delivery as they offer tangibly lower maintenance and operational costs due to their radically simpler mechanical systems that require little regular upkeep, such as not requiring costly oil changes. Industry giants like Amazon, Flipkart, IKEA, Swiggy and Grofers have been using electric bikes for deliveries in most cities.

Khoo added, "The Ni Hsin Group's venture into the e-mobility business is about business sustainability as well as a commitment to the ESG criteria of sustainability. Complementing our BLACKBIXON Coffee business concept of cafe@anywhere, we have created our proprietary Mobile Beverage Machine which uses EV bike to power the operation of the coffee machines to brew and serve our BLACKBIXON coffee to customers at various popular locations in cities around the country. We are also targeting to expand this business model across ASEAN.

Through the collaboration we will be working with TAILG to develop the EV bikes for the above and other commercial purposes."

© Scoop Media

Business Headlines | Sci-Tech Headlines


BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>

Serious Fraud Office: Commences Enquiries Into Allegations Of COVID-19 Wage Subsidy Fraud
The Serious Fraud Office has commenced a number of enquiries into alleged abuse of the Government’s COVID-19 Wage Subsidy. Director Julie Read said the allegations relate to multiple complex cases of potential fraud that have been referred to the agency following extensive investigations ... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>

Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>

Transpower: Releases Independent Report Into Events Of August 9
Transpower’s Chief Executive Alison Andrew has today released an independent report into the grid emergency of August 9 when insufficient generation was available to meet demand, leading to some customers being disconnected... More>>