Ni Hsin unit agrees electric motorcycle venture with Horwin
The agreement covers manufacturing and exclusive distribution in Malaysia and Turkey, with assembly planned in Selangor.
China's Horwin International Inc and Ni Hsin EV Tech Sdn Bhd (NHEVT) have signed a deal covering the manufacture and exclusive distribution of electric motorcycles in Malaysia and Turkey, Ni Hsin Group Bhd said.
NHEVT, a wholly-owned Ni Hsin subsidiary, will assemble the SK3 and SK3 Plus models in Seri Kembangan, Selangor. Horwin will supply the chassis in completely knocked-down form, while locally sourced components will account for 50 per cent, according to the group.
Ni Hsin said the completed motorcycles would be designated Malaysian-made, qualifying them for export to Turkey under the Malaysia-Turkey Free Trade Agreement.
Managing director Khoo Chee Kong said the partnership would widen NHEVT's product portfolio and contribute to greener transportation. He described it as a milestone in the company's efforts to become a key player in electric motorcycles.
The signing took place in Milan, Italy, during the EIMCA Global EV trade show.
