GoAuto & Careplus Inks 30% Stake Term Sheet - EV Production, Assembly & Retail
-full_normal.jpg)
Careplus Group Bhd, Masterclean Technologies Sdn Bhd's glove making unit, has inked a term sheet with GoAuto Group Sdn Bhd showing its intention in entering the EV industry. This JV would include both the manufacturing and retail sides of the automotive industry.
If this JV comes to fruition, the businesses will establish an EV production and assembly hub on a 74-acre tract of land held by Careplus in Chembong, Negeri Sembilan, to advance GoAuto's EV CKD (Completely Knocked Down) project.
-full.jpg)
To accomplish this, Careplus would consider acquiring a 30% stake in GoAuto through a fresh Careplus 25-million share issuance. In addition, Careplus may lease out its Careplus Mall in Seremban as a value-added product to the JV.
-full.jpg)
The NETA S, a premium offering set to enter the Malaysian market before 2025
GoAuto, which imports and distributes 9 automotive brands in Malaysia, recently made headlines when it became the first automobile distributor to offer a EV, the NETA V for a low price of RM99,800.
Source: TheEDGEMalaysia
Written By
Kumeran Sagathevan
More then half his life spend being obsessed with all thing go-fast, performance and automotive only to find out he's actually Captain Slow behind the wheels...oh well!
JPJ Running Numbers
KUALA LUMPUR
VQR1728
SELANGOR
BSN4684
JOHOR
JYT4638
PULAU PINANG
PSA6572
PERAK
APG1342
PAHANG
CFF8479
KEDAH
KGE8325
NEGERI SEMBILAN
NEJ8144
KOTA KINABALU
SJQ8651
KUCHING
QAB4273N
Last updated 20 Mar, 2026
Fuel Price
Petrol
RON 95
RM 2.59
+0.05
RON 97
RM 3.15
+0.05
RON 100
RM 5.00
VPR
RM 6.23
Diesel
EURO 5 B10
RM 3.04
+0.05
EURO 5 B7
RM 3.24
+0.05
Last updated 26 Feb, 2026
Latest News
1,800 Owners Later: The 'Built-to-Play' Formula Behind iCaur’s Success
With 1,800 units on Malaysian roads, iCaur is a 2026 breakout. We audit the iCaur 03 & V23 technical architecture, off-road geometry, and the V2L advantage.
19-03-2026
Proton e.MAS Owner’s Checklist for a Cheaper Raya Journey
Save 25% on EV charging this Raya! Check out the Proton e.MAS Balik Kampung checklist, including free inspections, RM50 vouchers, and 4,300+ charging points.
18-03-2026
Forget Dealerships: Why BYD’s New Heritage Mansion in Penang is the Future of Car Shopping
Is this the end of the glass-box dealership? Explore BYD Mansion Macalister in Penang, Malaysia’s first heritage-concept EV showroom. DC charging, boutique lounges, and 100 years of history.
17-03-2026
Updated 2026: Top 10 CPOs In Malaysia
Who is really winning the EV race? Our 2026 Malaysia EV Power Rankings reveal how private CPOs like ChargeSini and ChargeEV are out-scaling energy giants. Discover the Top 10 operators, growth data, and the rise of DC fast charging.
12-03-2026
From Zeekr 7X to GWM WEY G9: Inside Siti Nurhaliza’s Growing Collection of High-Tech ‘New Energy’ Vehicles
GWM Malaysia officially handed over the first locally assembled GWM WEY G9 Hi4 PHEV to national icon Dato’ Sri Siti Nurhaliza.
11-03-2026
Get 6-8 Months of Free 'Fuel' with the Proton e.MAS 5 Raya Rebate
If you have been eyeing Malaysia’s best-selling electric vehicle, your window for a "festive bonus" is closing. PRO-NET has officially announced a RM500 Raya Rebate for the Proton e.MAS 5.
10-03-2026
5 Reasons Why the New Penchala Link Charging Hub is a Win for Damansara EV Owners
If you’re an EV owner living in Damansara or commuting via the Kerinchi Link, your daily drive just got a major upgrade.
06-03-2026
Polestar Plans to Launch Four New Models by 2028, Polestar 4 Estate Teased
Polestar is planning to launch four new models by 2028, including the teased estate version of the Polestar 4.
19-02-2026
Show More
trending_flat