Ni Hsin unit partners China's Horwin for electric motorcycle venture
KUALA LUMPUR: Ni Hsin Group Bhd, through its wholly-owned subsidiary Ni Hsin EV Tech Sdn Bhd (NHEVT), has signed an agreement with China's Horwin International Inc to manufacture and exclusively distribute electric motorcycles in Malaysia and Turkey.
Ni Hsin Group Bhd, via its subsidiary Ni Hsin EV Tech Sdn Bhd, has entered into an agreement with China's Horwin International Inc. This partnership aims to manufacture and exclusively distribute electric motorcycles in Malaysia and Turkey. Horwin will provide chassis for the SK3 and SK3 Plus models, delivered as completely knocked-down units.
NHEVT will assemble these motorcycles at facilities in Seri Kembangan, Selangor, utilizing 50% locally sourced components. The finished products will be classified as Malaysian-made and eligible for export to Turkey under the Malaysia-Turkey Free Trade Agreement. Ni Hsin EV Tech's managing director, Khoo Chee Kong, emphasized that this collaboration signifies a significant step in the company's goal to become a prominent player in the electric motorcycle industry. The agreement was sealed at the EIMCA Global EV trade show in Milan, Italy.
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