KUALA LUMPUR: EP Manufacturing Bhd (EPMB) has secured conditional approval from the Investment, Trade and Industry Ministry (Miti) to manufacture and assemble energy-efficient vehicles (EEVs) in Malaysia.
EPMB’s wholly-owned subsidiary, Peps-JV (Melaka) Sdn Bhd (PJVM), received the manufacturing license, which allows the company to produce four-wheel EEVs, electric passenger vehicles (EVs), and electric commercial vehicles.
The approval comes with conditions that PJVM must fulfill within six months from the date of the approval letter.
EPMB, an investment holding company listed on the Main Market, specializes in the automotive industry.
PJVM’s new manufacturing plant will enable them to assemble EEVs, EVs, and other related products, providing a significant opportunity for revenue and business growth while supporting sustainability initiatives, according to a company statement.
Ahmad Razlan Mohamed, EPMB’s group CEO, expressed the company’s commitment to meeting the Miti conditions on time.
“We are planning to establish a state-of-the-art manufacturing plant in Pegoh, Malacca, to further accelerate our venture into this market,” he said.
This expansion not only drives business growth but also aligns with Malaysia’s vision of a greener future.
Credit: The Star : Business Feed
