ENZHMS
Link Copiedcheck_circle
Auto News

Hong Seng Consolidated Bhd Is Looking At EV Sector

Anis

Share via


The electric vehicle (EV) business division of CSH Alliance Bhd, Alliance EV Sdn Bhd (AEV), has been acquired by Hong Seng Consolidated Bhd (HSC). This purchase is intended to complement HSC's most recent EV battery manufacturing partnership with EoCell Inc (USA) (EoCell). Lester Chin, executive director of HSC, stated that AEV intends to build the newest EV manufacturing facility to take advantage of Malaysia's rapidly growing EV adoption.




"This is also to increase demand for eco-friendly transportation and the government's active promotion of EV use by offering incentives and subsidies to buyers and manufacturers. "We are also looking to be a contract assembler for other EV brands and players to help them facilitate the set-up of completely knocked-down (CKD) production lines in Malaysia at a later stage," he said. HSC and EoCell previously signed a memorandum of understanding (MoU) outlining their intentions to build and establish a regional manufacturing hub in Malaysia for the production of EV batteries as well as other power storage solutions, with the goal of supplying these products to EV producers, assemblers, and users in the Southeast Asian region.




Due to its cutting-edge technology in energy storage solutions and partnerships with manufacturers in Europe and the Americas for the regional markets there, EoCell is a significant player in this market. EoCell also played a significant role in the design and production of plug-in hybrid (PHEV) and electric vehicle (EV) batteries for well-known and significant European automakers. HSC has been chosen by EoCell as its manufacturing partner in Southeast Asia. AEV is currently working with the BYD Group, a global leader in four key industries, through its Malaysian subsidiary, BYD Malaysia Sdn Bhd (BYD). A local assembly plant and a 4S (sales, service, spare parts, and body and paint services) service centre will be established in Malaysia as part of the collaboration, which will also cooperate in the distribution of the BYD T3 model, a fully commercial electric van.




As of right now, AEV is equipped with all the necessary corporate elements to succeed in the EV market. In January 2023, the company was successful in obtaining from the Ministry of International Trade and Industry (MITI) the manufacturing licence for the assembly of CKD commercial electric vans as well as model approval for the local assembly of commercial electric vans, primarily the BYD T3. Subsequently, AEV also obtained the approved permits (AP) from MITI in February 2023 to bring the complete-built-up (CBU) units of BYD T3 into the country for distribution purposes before the set-up of the local assembly plant on the Tanjung Malim Land. "HSC aspires to play its part in promoting sustainable developments.


"Therefore, as industry players, we need to accelerate the speed of automotive technology innovation and develop new concepts of electric, connected, autonomous, and shared mobility," Chin said.

Share This Article

Written By

Anis

Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........

Share via

JPJ Running Numbers

KUALA LUMPUR

VPY7918

SELANGOR

BSK1383

JOHOR

JYK9434

PULAU PINANG

PRV6170

PERAK

APC4637

PAHANG

CFE1418

KEDAH

KGC9560

NEGERI SEMBILAN

NEH5860

KOTA KINABALU

SJN6348

KUCHING

QAB5029M

Last updated 13 Nov, 2025

Fuel Price

Petrol

RON 95

RM 2.65

+0.05

RON 97

RM 3.25

+0.05

RON 100

RM 5.00

VPR

RM 6.23

Diesel

EURO 5 B10

RM 3.07

+0.05

EURO 5 B7

RM 3.27

+0.05

Last updated 13 Nov, 2025

Related News

Auto News
Government Has No Plans To Review Automotive Sector's Tax Structure - Tengku Zafrul

Government Has No Plans To Review Automotive Sector's Tax Structure - Tengku Zafrul

According to MITI, the government has no plans to review the existing tax structure for the automotive sector.

27-02-2023
Auto News
"Car Prices Will Not Increase Significantly Until 2025," - Datuk Aishah

"Car Prices Will Not Increase Significantly Until 2025," - Datuk Aishah

The price of locally assembled (CKD) cars will not rise significantly until 2025 according to Datuk Aishah.

19-01-2023
Auto News
CKD Kia Carnival To Be Launched Soon – Price Is From RM235k-RM260k, 7- and 8-Seater Variants

CKD Kia Carnival To Be Launched Soon – Price Is From RM235k-RM260k, 7- and 8-Seater Variants

According to a Facebook post by a Kia dealership in Seri Kembangan, the locally-assembled (CKD) Kia Carnival could be launched soon in Malaysia, five months after the car was first launched here as a fully-imported model.

20-06-2022
Auto News
New Excise Duty Rules Might Raise CKD Car Prices By Up To 20% Starting In 2023; MAA Is Requesting An Extension.

New Excise Duty Rules Might Raise CKD Car Prices By Up To 20% Starting In 2023; MAA Is Requesting An Extension.

The price of locally built vehicles (CKD) will increase by eight to twenty percent starting next year if the government chooses to hold a period of exemption of new vehicle excise duty. The matter was confirmed by MAA President, Datuk Aishah Ahmad

28-03-2022
Auto News
Chinese Company Gives 6 EVs To TVET Institutions

Chinese Company Gives 6 EVs To TVET Institutions

Beifang Automotive Education Group will provide six Evs to TVET institutions for hands-on training.

28-10-2024
Auto News
Volvo Malaysia To Export Locally-Assembled Electric Vehicles To Vietnam And Philippines

Volvo Malaysia To Export Locally-Assembled Electric Vehicles To Vietnam And Philippines

Volvo Car Malaysia announced its most recent step toward realising its electrification ambitions.

03-02-2023
EV
Tesla POSSIBLY Set For Official Entry In Malaysia

Tesla POSSIBLY Set For Official Entry In Malaysia

Credible sources confirm possibility of Tesla EV brand officially entering the Malaysian market. Here’s everything we know so far…

01-02-2023
Auto News
Boosting Charging Infrastructure Key To Encourage Electric Vehicle Use

Boosting Charging Infrastructure Key To Encourage Electric Vehicle Use

Rapid growth of the electric vehicle (EV) sector should result in equal progress in technology and infrastructure supporting environmentally friendly vehicles.

31-01-2023

Latest News

Auto News
Updated Fuel Prices From 13 To 19 November

Updated Fuel Prices From 13 To 19 November

The Ministry of Finance (MoF) has announced the retail prices of all fuels in Malaysia, for the coming week of 13 to 19 November, 2025, the rates are as such.

12-11-2025
Auto News
RM1.7b NPE2 Extension To Ease KL Congestion By 2029 - Nanta

RM1.7b NPE2 Extension To Ease KL Congestion By 2029 - Nanta

The NPE2 will connect Pantai Dalam to Jalan Istana, cutting travel time by up to 25 minutes and improving traffic flow across KL.

12-11-2025
Auto News
BYD Shark PHEV Pick-Up Truck Teased by BYD Cars Malaysia – Coming Soon?

BYD Shark PHEV Pick-Up Truck Teased by BYD Cars Malaysia – Coming Soon?

BYD Cars Malaysia has dropped a teaser for the BYD Shark PHEV pick-up truck. Coming to Malaysia soon?

12-11-2025
Auto News
Malaysia Scraps Rule of 78, Car Loan Savings Ahead - Analysts

Malaysia Scraps Rule of 78, Car Loan Savings Ahead - Analysts

Malaysia ends the Rule of 78, letting car loan borrowers save more with fairer interest.

12-11-2025
Auto News
Govt Not Forcing Aeroline To TBS, Corus KLCC Stop Unsuitable

Govt Not Forcing Aeroline To TBS, Corus KLCC Stop Unsuitable

Express bus operators aren’t forced to use TBS or TBG but must run from safe, licensed terminals.

12-11-2025
Auto News
Oct 2025 Vehicle Sales Up 30%, xEV Share at 8.7%

Oct 2025 Vehicle Sales Up 30%, xEV Share at 8.7%

Malaysia’s car market surged in Oct 2025 with 81,413 new registrations, up 30% from Sept’s 62,598 units.

Auto News
LATAR Interchange Opens, Direct Access To Eco Grandeur

LATAR Interchange Opens, Direct Access To Eco Grandeur

The Eco Grandeur Interchange and Toll Plaza has officially opened, offering direct access through Exit 2502 to Eco Grandeur.

11-11-2025
Auto News
Penang Sentral Set to Become Mainland’s Integrated Transport Hub

Penang Sentral Set to Become Mainland’s Integrated Transport Hub

The Butterworth KTM station, Mutiara Line LRT, and airport expansions will turn Penang Sentral into key transport and logistics hub.

Show More

trending_flat
Carz Automedia Malaysia Logo
About Us

CarzAutoMedia: Stay connected to the latest car news! Get instant updates on new releases, industry trends, and automotive innovations. Your go-to source for 24/7 coverage of everything automotive.

© 2025 CariCarz.com. All Rights Reserved.