Ni Hsin EV Tech Sdn Bhd, a wholly-owned subsidiary of Malaysia-listed Ni Hsin Group Berhad, has on Tuesday launched its TAILG EBIXON electric vehicle (EV) motorcycles.

In a statement, Ni Hsin said the firm has unveiled two models of its TAILG EV motorcycles in the personal and commercial categories: the TAILG EBIXON BOLD and TAILG EBIXON TORQ.

According to the statement, these TAILG EV motorcycles are imported and assembled at the company’s manufacturing facilities in Seri Kembangan, Selangor Darul Ehsan, Malaysia.

“We cannot emphasise the importance of our collaboration and cooperation with Dongguan Tailing Motor Vehicle Co., Ltd, which has been instrumental in realising such a breakthrough,” said Khoo Chee Kong, Managing Director of Ni Hsin EV Tech.

“We envisage a significant surge in demand for EV motorcycles in Malaysia and the ASEAN region in the near term. Our target is to sell 15,000 units of TAILG EBIXON EV Motorcycles a year over the next three years,” he added.

According to him, the firm has signed a memorandum of agreements with several esteemed organisations to assist us in the marketing, promoting and distribution of TALG EV motorcycles.

Meanwhile, Malaysian Investment Development Authority (MIDA) Chief Executive Officer Wira Arham Abdul Rahman said the production or assembly activities of Ni Hsin reflects the competitiveness of our local company at presenting themselves as one of the innovative leaders of electric vehicles.

According to him, this is also in line with the government’s commitment in developing the EV technology ecosystem as outlined in the National Automotive Policy (NAP) 2020.

“Despite thriving to positioning Malaysia as a regional hub for the production of EV, the country is also heading towards the aspiration of reducing the carbon emission from vehicles,” he said.

He also said as highlighted in the Low Carbon Mobility Blueprint (LCMB) 2021-2023, the government is promoting the use of EVs and other low-carbon transportation choices to lower greenhouse gases (GHG) emissions in the country and aiming to be a significant participant in the regional electric mobility market from 2030 onwards.

According to the statement, Malaysia is a strategic and ideal sustainable investment destination for investors of EV related industries to enter the Southeast Asia market.

To encourage the use of EVs, the government is providing incentives in the form of direct and indirect tax relief for the assembly or manufacturing of electric vehicles, parts and the development of EV ecosystems such as charging facilities.

Leading by example, the government is also expected to adopt EVs in government and government-linked company (GLC) fleets.

In light of global warming, Ni Hsin opined that EV motorcycle makes perfect sense. It said the pandemic has brought about a spike in e-commerce and hence the demand for delivery services.

It also said EV motorcycles are more energy efficient as they convert 77 percent of electrical energy from the grid.

According to Ni Hsin, the running cost and maintenance of EV motorcycles are 70 percent cheaper than internal combustion engine (ICE) motorcycles. Environmentally beneficial businesses could expect to reap huge dividends.

While the carbon markets turn CO2 emissions into a commodity by giving it a price, it said these emissions fall into one of two categories: carbon credits or carbon offsets, and they can be bought and sold on a carbon market.

In the case of the manufacture and sale of EV motorcycles, it said an organisation generates a carbon offset which can be sold to other companies to reduce their carbon footprint.

It also said Malaysian stock exchange marketplace, Bursa Malaysia, will open a voluntary carbon market (VCM) exchange by the end of 2022 and these will help boost transparency and allow entities to buy carbon credits to offset their emissions.

It said the new Bursa Malaysia VCM exchange will boost investments in high-quality offsetting projects such as planting trees or shifting to cleaner fuels.

According to the statement, from 2020 to June 2022, MIDA approved 25 projects worth MYR10.69 billion ($2.34 million) to expand EV and its related ecosystems. The investments are channelled into EV parts and components manufacturing and assembly.

Ni Hsin EV Tech is in the business of manufacturing, assembling, promoting and marketing of all kinds of EV and accessories and development of concepts, facilities and fittings using EV battery systems for the delivery industry.

The focus of the company is in smart mobility and its applications with safer and more efficient charging in a sustainable and environmentally-friendly model.

Installation of 10,000 EV charging points in Malaysia on track, 700 ready, according to ministry