Ni Hsin EV Tech Sdn Bhd (NH EV TECH), a wholly-owned subsidiary of Malaysia-listed Ni Hsin Group Berhad, has on Friday entered into an business partnership agreement (BPA) with VSD Automation Sdn Bhd (VSD) for the distribution and market segmentation of TAILG EBIXON EV motorcycles in the local and international markets.

Under the BPA, VSD shall act as the distributor for NH EV TECH in the local and international markets, Ni Hsin said in a statement.

NH EV TECH shall also work exclusively with VSD in relation to enquiries or tenders from any government departments and government-linked companies on the TAILG EBIXON EV motorcycles initiated or referred by VSD.

The rationale of the BPA is for Ni Hsin to leverage on VSD’s established network of clientele in the energy and utility sectors, including government departments and government-link companies to promote and market TAILG EBIXON EV motorcycles.

The BPA shall come into force for a term of two years, and may be extended for a further term of one year upon the terms and conditions mutually agreed by both parties.

VSD is an established player in the energy sector with following credentials: certified bumiputra company with the Ministry of Finance (MoF) Malaysia; certified ESCO company specializing in solar photovoltaic (solar PV) and energy efficient systems and solutions; and registered PV Investor (RPVI) and registered PV Service Provider (RPVSP).

Among the major customers of VSD are Tenaga Nasional Berhad, AEG, Prasarana, Petronas and Air Selangor.

VSD provides end-to-end solution and services in monitoring, metering and protection of transmission and distribution infrastructure with leading technologies and strategic global partnership.

The firm has secured the rights to develop and install charging system and infrastructure for electric vehicles (EV) for LADA in Langkawi, Malaysia.

“We are delighted to have VSD as our partner to develop the distribution and market segmentation of the products in the local and international markets,

“We are confident of their capability to market the products as they have the necessary experience, technical expertise and network to fulfill the tasks,” said Khoo Chee Kong, Managing Director of NH EV Tech.

According to him, VSD endeavors to sell 10,000 units of the products within the next three years.

“We foresee a healthy demand for EV motorcycles over the next three to ten years,

“This growth is supported by the region’s e-commerce market, which is valued at $2.53 billion in 2022 and is expected to have a compound average growth rate of 20.6 percent over the five-year period to 2027 according to International Trade Administration data,” he added.

NH EV TECH is a wholly-owned subsidiary of Ni Hsin group , a public company listed on the main board of Bursa Malaysia Stock Exchange.

NH 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 NH EV TECH is in smart mobility and its applications with safer and more efficient charging in a sustainable and environmentally-friendly model.

Ni Hsin launches electric vehicle motorcycles in Malaysia