KUALA LUMPUR, Oct 12, 2021 – (ACN Newswire) – Ni Hsin EV Tech Sdn Bhd, a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (previously called Ni Hsin Resources Berhad) (” Ni Hsin”), today participated in a Heads of Agreement (” HOA”) with MNA Energy Sdn Bhd (” MNAE”) to establish battery innovation for electrical motorbikes (EV Two Wheelers) along with take part in business and development of MNAE.
|< a href =" https://www.acnnewswire.com/topimg/Low_NiHsin20211012 jpg" id =" single_1" title =" Mr. Khoo Chee Kong, Managing Director of Ni Hsin Group Berhad; Encik Muhammad Syukri Ibrahim, Principal Private Secretary to the MOSTI Minister; Encik Syed Faisal Algadrie, Managing Director and CEO of MNA Research Sdn Bhd[L-R]" >|
|Mr. Khoo Chee Kong, Managing Director of Ni Hsin Group Berhad; Encik Muhammad Syukri Ibrahim, Principal Private Secretary to the MOSTI Minister; Encik Syed Faisal Algadrie, Managing Director and CEO of MNA Research Sdn Bhd[L-R]|
MNAE was developed in2016and has actually been granted research study grants by the Ministry of Science, Technology and Innovation (MOSTI) for the advancement of next-generation battery innovation. MNAE produces battery energy storage systems for electrical movement and fixed applications such as telecoms towers and solar power farms. It is pioneering Electric Mobility-as-a-Service (EMaaS) in Malaysia, by establishing SmartSwap – a game-changing turnkey option for a battery switching facilities for Electric Motorcycles.
The HOA finalizing was seen by Encik Muhammad Syukri Ibrahim, the Principal Private Secretary to the MOSTI Minister.
Khoo Chee Kong, Managing Director of Ni Hsin EV Tech Sdn Bhd, stated: “We see EV Two Wheelers leading the adoption of alternative source of power that can lower carbon footprint and shift towards a greener economy. We are establishing, in partnership with MNAE, an innovative battery system and a standardised battery switching facilities for EV Two Wheelers that will be hassle-free to riders who can quickly switch their diminished batteries with fully-charged ones at stations that we are establishing. Our company believe this will improve using EV Two Wheelers in city locations”.
” Our cooperation with MNAE matches our endeavor into the e-mobility organization as battery systems are crucial to EV Two Wheelers that we are establishing in a cooperation with Dongguan Tailing Electric Vehicle Co., Ltd. We are now working towards getting the Vehicle Type Approval (VTA) allow from the Road Transport Department for these EV Two Wheelers as the VTA is essential for MNAE’s SmartSwap program”.
The battery switching system established by MNAE will include battery tracking and management through cloud-connected network through which the battery’s life-span can be kept an eye on. The system can be compared to the one released by Gogoro, the Taiwanese battery-swapping refueling platform for city EV Two Wheelers.
Khoo included, “Our partnership with MNAE is likewise about supporting regional abilities in the advancement of green innovation while promoting sustainability in line with our ecological, social and governance duties. This is likewise in line with Malaysia’s drive to motivate electrical car ownership and advancement of associated facilities in the nation”.
The EV environment is supported by Malaysia’s National Automotive Policy, in which there specify efforts to enhance the environment. According to Dato’ Seri Mohamed Azmin, Minister of International Trade and Industry in his winding-up speech for the 12 th Malaysia Plan, these efforts consist of crucial parts producers, basic setting in addition to research study and advancement resulting in commercialisation of regional EV innovations.
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Topic: Press release summary
Source: Ni Hsin Group Berhad
Sectors: Retail & eCommerce, Daily Finance, Local Biz, Motorsports, EVs, Transportation
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