PETALING JAYA: EP Manufacturing Bhd
’s (EPMB) unit has signed a memorandum of understanding (MoU) with Great Wall Motor Sales Malaysia Sdn Bhd (GWM) to cooperate in the production and assembly of GWM’s products in Malaysia.
EPMB said the MoU signed by its wholly owned subsidiary, Peps-JV (Melaka) Sdn Bhd, and GWM, a wholly owned subsidiary of China-based automaker Great Wall Motor Co Ltd, allows the parties to leverage each other’s strengths and expertise for development of GWM’s right-hand drive internal combustion engine vehicles and electric vehicles (EVs) to meet market needs in Malaysia.
This would potentially create an additional revenue stream for EPMB group and make a favourable contribution to the group’s future expansion, the company said.
Under the MoU, EPMB and GWM Malaysia are poised to propel their collaboration towards a definitive agreement in the coming three months.
“This will entrust EPMB with the pivotal role of locally assembling selected GWM models,” the group said.
Anticipated within this range are prominent models such as GWM’s sport-utility vehicle, pick-up truck, and EVs.
