Road Transport Department Malaysia

Ni Hsin Signs HOA with MNA Energy to Develop Battery Technology for EV Two Wheelers

Tuesday, October 12, 2021 - 10:00am

KUALA LUMPUR, Oct 12, 2021 - (ACN Newswire) - Ni Hsin EV Tech Sdn Bhd, a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad) ("Ni Hsin"), today entered into a Heads of Agreement ("HOA") with MNA Energy Sdn Bhd ("MNAE") to develop battery technology for electric motorcycles (EV Two Wheelers) as well as participate in the business and growth of MNAE.

Key Points: 
  • KUALA LUMPUR, Oct 12, 2021 - (ACN Newswire) - Ni Hsin EV Tech Sdn Bhd, a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad) ("Ni Hsin"), today entered into a Heads of Agreement ("HOA") with MNA Energy Sdn Bhd ("MNAE") to develop battery technology for electric motorcycles (EV Two Wheelers) as well as participate in the business and growth of MNAE.
  • MNAE produces battery energy storage systems for electric mobility and stationary applications such as telecommunications towers and solar energy farms.
  • It is pioneering Electric Mobility-as-a-Service (EMaaS) in Malaysia, by developing SmartSwap - a game-changing turnkey solution for a battery swapping infrastructure for Electric Motorcycles.
  • Khoo Chee Kong, Managing Director of Ni Hsin EV Tech Sdn Bhd, said: "We see EV Two Wheelers leading the adoption of alternative power sources that can reduce carbon footprint and transition towards a greener economy.