EP Manufacturing (EPMB) has introduced that it has secured conditional approval for a producing license from the ministry of funding, commerce and business (MITI) to fabricate and assemble four-wheel energy-efficient automobiles (EEVs) and electrical automobiles (EVs) in each passenger and industrial classes.
In an announcement, EPMB is alleged that the approval, which comes below the scope of the Industrial Co-ordination Act 1975, was awarded to its wholly-owned subsidiary Peps-JV (Melaka) (PJVM) on July 10. It added that the license is topic to circumstances that should be fulfilled by PJVM inside six months from the letter of approval.
The corporate mentioned the manufacturing license would allow PJVM to begin a producing plant to assemble EEVs, EVs and different associated merchandise. Based on EPMB Group CEO Ahmad Razlan Mohamed, the corporate is planning to ascertain a state-of-the-art manufacturing plant in Pegoh, Melaka.
He mentioned that the corporate is dedicated to fulfilling the circumstances set by MITI inside the given timeframe. “We imagine this initiative won’t solely drive enterprise development, but additionally help Malaysia’s aspiration and imaginative and prescient of a greener future,” he added.
EPMB is a Malaysian-based funding holding firm working within the automotive enterprise phase. Its varied companies are primarily concerned within the manufacturing of automotive elements and components.
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