Ni Hsin EV Tech Sdn. Bhd. (NH EV TECH), a wholly-owned subsidiary of Malaysia main market-listed Ni Hsin Group Berhad, has on Monday announced a partnership with Boustead Technology Sdn. Bhd. (BOUSTECH), a wholly owned subsidiary of Boustead Holdings Berhad, to promote the electric motorcycles known as EBIXON EV Motorcycles.

Ni Hsin said in a statement that under the corporate agent agreement, BOUSTECH will act as the Exclusive Corporate Agent to promote, market, sell and distribute NH EV TECH’s EBIXON EV Motorcycles exclusively within Boustead Group’s internal workforce.

The CAA will be valid for a term of three years, and may be extended for a further term of one year upon the terms and conditions mutually agreed by the parties.

The rationale of the CAA is for NH EV TECH to leverage on Boustead Group to promote and market the products.

NH EV TECH Managing Director Khoo Chee Kong said both parties see the partnership as a synergistic collaboration.

He noted that BOUSTECH is a second growth engine driver within the Boustead Group aiming to transform and reinvent existing business landscape through impactful technology adoption towards environmental, social and governance (ESG) agenda focusing carbon management, blockchain and internet of things (IOT).

BOUSTECH Chief Executive Officer Ir Azril said that in line with the “Reinventing Boustead” initiative, this will take the forefront in promoting sustainable living and encouraging staff together in reducing carbon footprint across the group through the utilization of electric vehicles.

“This strategic collaboration marks a significant step towards enhancing the visibility and accessibility of EBIXON EV Motorcycles, as BOUSTECH and NH EV TECH combine their expertise to create a compelling and sustainable transportation solution and also helps propel the group’s ESG agenda while creating a green revenue stream in carbon trading, in which emissions are treated as either carbon credits or offsets that can be sold in a carbon market such as Bursa Securities Malaysia Berhad’s voluntary carbon market,” he added.

NH EV TECH is in the business of manufacturing, assembling, promoting and marketing of all kinds of electric vehicles (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.

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