logo
New Energy Asia to be sole Lotus EV charger distributor across Asean

New Energy Asia to be sole Lotus EV charger distributor across Asean

The Star13-06-2025
DRB-HICOM group managing director and HESB chairman Tan Sri Syed Faisal Albar. —LOW BOON TAT/The Star.
KUALA LUMPUR: New Energy Asia Sdn Bhd, a newly established joint venture (JV) between HICOM Engineering Sdn Bhd (HESB) and Hangzhou Flash Charging New Energy Co Ltd. (HFC) from China, will exclusively distribute Lotus electric vehicle (EV) chargers across ASEAN.
HESB is a subsidiary of DRB-Hicom Bhd , while HFC is a subsidiary of Lotus Technology Inc., which is a company mainly engaged in the design, development, manufacturing and sales of luxury EVs.
DRB-HICOM group managing director and HESB chairman Tan Sri Syed Faisal Albar said that starting today, New Energy Asia will begin the nationwide rollout of a full range of Lotus charging stations in Malaysia.
"We are also keen to work with original equipment manufacturers (OEMs) and property developers, too, because modern condominiums deserve turbocharged EV units.
"Big things are coming ahead. Our JV with HFC marks a significant milestone. Thank you for believing in us. We are excited to co-create something truly impactful in the future.
"To the Ministry of Energy Transition and Water Transformation, as well as the Energy Commission, your guidance and support have made this possible. We are deeply grateful,' he said in his speech at the JV collaboration here today.
Syed Faisal said that DRB-HICOM is committed to answering the government's call, especially in the EV sector, contributing to net-zero emissions by 2050.
"Our HICOM Engineering manufacturing facilities also assemble Mercedes-Benz EQS EV, and Pos Malaysia has already converted 2,000 vehicles into electric motorcycles and vans.
"We are just not talking about change, but we are living it. Therefore, this new JV becomes a natural extension in our effort to slash the carbon footprint,' he added.
Meanwhile, HESB chief operating officer Hazrin Fazail Haroon said that New Energy Asia aims to set up a manufacturing facility within the next two years, depending on market demand. The targeted location for the facility is Tanjung Malim, Perak.
However, for now, New Energy Asia will focus on after-sales service and support for its charge point operators (CPOs), as well as strengthening the capabilities and expertise of its workforce in this area.
"We have sent our team to Hangzhou Flash Charge in China for the first step training, they have been there and they have gained all the knowledge about the charging equipment, the direct current, and also alternating current.
"For the second phase, we are doing online training focused on the calibration of charging equipment and compatibility with new cars available in the market. We will work with OEMs and our partners to do these calibrations and address any issues we face in Malaysia,' he said. - Bernama
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Meta Bright seals JVA with ChargeHere to accelerate its energy biz development in Malaysia
Meta Bright seals JVA with ChargeHere to accelerate its energy biz development in Malaysia

Focus Malaysia

time8 hours ago

  • Focus Malaysia

Meta Bright seals JVA with ChargeHere to accelerate its energy biz development in Malaysia

MAIN Market-listed diversified energy conglomerate Meta Bright Group Bhd has formalised a strategic joint venture (JV) with Malaysia's leading electric vehicle (EV) charging point operator (CPO) ChargeHere EV Solution Sdn Bhd to significantly tap Malaysia's rapidly growing EV charging infrastructure market. Under the JV entered into by its 100%-owned subsidiary Meta Bright Energy Sdn Bhd, both parties have agreed to incorporate a new joint venture company – Meta Bright Chargesini Sdn Bhd which is dedicated to developing, installing and operating EV charging infrastructure across Malaysia. Eventually Meta Bright Chargesini will target malls, hotels, residential and commercial areas. Meta Bright Energy will hold a controlling stake of 51% in the project with the balance held by ChargeHere. ChargeHere which operates under the 'ChargeSini' brand currently manages Malaysia's largest network of EV charging points with 935 charging stations across 300 locations, serving over 32,000 active users. This collaboration enables Meta Bright to leverage ChargeHere's established technical capabilities and operational experience to advance the group's presence in the growing EV infrastructure sector. 'This strategic JV with ChargeHere significantly expands our capabilities within the renewable energy (RE) sector, particularly in EV infrastructure,' commented Meta Bright's executive director (corporate and strategic planning) Derek Phang Kiew Lim. 'It represents an essential milestone for Meta Bright, aligning closely with our ESG (environmental, social and governance) goals and strategic focus on creating sustainable, recurring revenue streams.' Through this initiative, Phang expects Meta Bright to capitalise on the government's ambitious National Energy Transition Roadmap (NETR) which outlines the strategic expansion of RE and sustainable infrastructure nationwide, including the establishment of 10,000 EV charging stations by 2025. Both parties have immediately identified several urgent and approved projects to launch under this JV with key locations in Johor, Penang, and Selangor. Additionally, the partnership is already actively planning subsequent stages of expansion with an extensive pipeline of upcoming projects that include notable sites across Kuala Lumpur, Pahang and Melaka, among others. These sites range from prominent hotels and commercial buildings to large residential condominiums, thus showing a significant scale of operations set to unfold in the near future. 'Our immediate and planned installations will substantially broaden our operational footprint in key urban areas, hence supporting national goals and meeting rising consumer demand for accessible EV charging solutions,' added Derek. At the close of market trading yesterday (July 11), Meta Bright was unchanged at 12 sen with 2.77 million shares traded, thus valuing the company at RM304 mil. – July 12, 2025

Surging electric truck sales hit diesel use in China
Surging electric truck sales hit diesel use in China

The Sun

timea day ago

  • The Sun

Surging electric truck sales hit diesel use in China

LANGFANG: Electric-powered heavy trucks are rapidly gaining market share in China, driven by subsidies and the quick rollout of chargers, further curbing diesel usage and denting oil demand from the world's biggest crude importer. The boom in electric truck sales in China follows that of electric cars and the rise in recent years of LNG-powered heavy trucks. Those factors, combined with slowing economic growth, have stifled its oil consumption growth. Sales in the world's biggest market for new energy trucks are estimated to have risen 175% year-on-year to 76,100 in the first half of this year, or about a quarter of new truck sales, according to consulting firm Sublime China Information (SCI). Electric models, still mostly used for short-haul runs in ports, mines or steel mills, accounted for over 90% of that increase. The rapid pace has surprised analysts who have revised down diesel demand forecasts as a result and brought forward their predictions for a peak in Chinese oil demand. SCI's analyst Xu Lei said he cut the firm's China diesel demand expectations by 1-2% given the boom in electric truck sales. 'The surge in electric heavy trucks was a surprise and has become a new factor accelerating China's oil consumption to peak, most likely this year,' said Ye Lin, vice president at Rystad Energy, who had previously expected a 2026 peak. The transport sector, which burns about two-thirds of all diesel in China, will use 40% less by 2030, cutting overall diesel consumption by about a quarter compared to 2024 levels, according to Rystad. Diesel consumption this year is forecast to fall by 11.3 million tons, or 6.3%, on par with last year's drop, according to SCI. After more than six years behind the wheel of a diesel truck, Li Shuai, who drives for a cement plant in Hebei province near Beijing, switched to an electric truck six months ago. 'Charging infrastructure has improved noticeably in the past half year, making things much more convenient,' Li, 38, said. 'It is even possible to drive an empty truck more than 2,000km from Beijing to Yunnan to pick up goods without worry.' The rapid buildup of charging infrastructure, primarily through industrial corridors, is underpinning adoption, although charge times that can stretch to 90 minutes and limited charger availability in some areas remain issues. Teld, an EV charging infrastructure provider that has built more than 2,400 truck charging stations across China, officially opened an 800km corridor in March linking Shanxi and Shandong provinces, a key route via the country's coal-producing region. At a charging station next to the Hebei cement plant, car and truck chargers sit side by side in the dusty lot. Owner Yongji Liu had originally only planned to service EVs but said 'the electric truck market is growing so fast that we also installed chargers for trucks'. The booming market for electric trucks is partly due to cheap electricity and government subsidies introduced last July of up to 95,000 yuan (RM56,322) for new vehicles, analysts and truckmakers said. While diesel trucks are cheaper upfront, higher fuel costs make them more expensive after a million kilometers of driving. Once fuel is included, diesel trucks cost about 2.25 million yuan at the million-kilometer mark, roughly 10% more than LNG trucks and 15% more than electric trucks, according to GL Consulting. Rising fuel costs have also eroded some of the price advantage enjoyed by LNG trucks, which along with limited refueling stations in some regions, have hindered their growth, said SCI analyst Wang Neng. SCI forecasts LNG truck sales to hit around 92,000 units in the first half, down 15% from a year earlier, although the surge in electric adoption is more than offsetting the impact on diesel consumption. China's second-best-selling electric truck maker Sany says the growth potential for electric trucks is greater than for passenger EVs because lower operating costs bolster the profitability of corporate users. – Reuters

JPJ orders recall of 8,000 vehicles over safety concerns
JPJ orders recall of 8,000 vehicles over safety concerns

Daily Express

timea day ago

  • Daily Express

JPJ orders recall of 8,000 vehicles over safety concerns

Published on: Friday, July 11, 2025 Published on: Fri, Jul 11, 2025 By: FMT Reporters Text Size: The road transport department said the recall involving Mercedes-Benz, Kia and Yamaha was crucial to prevent accidents. PETALING JAYA: The road transport department (JPJ) has issued a recall for over 8,000 vehicles, including cars from Mercedes-Benz and Kia. Its director-general Aedy Fadly Ramli said the recall was crucial to prevent accidents caused by structural, equipment or system defects in these vehicles. The recall involved 5,123 units of the Kia Rio UB, 3,167 Yamaha motorcycles of the models Tenere 700, Tracer 9 GT, and MT09, as well as 32 units of Mercedes-Benz cars of the S-Class, GLC, AMG SL, EQS, and EQR models. The Kia cars, manufactured between 2010 and 2017, are at risk of an electrical short circuit, which may result in a fire originating from the hydraulic electronic control unit circuit board. The Yamaha MT-09 and Tracer 9 GT units, produced between November 2021 and February 2025, have been identified with throttle position sensor malfunctions. The Yamaha Tenere 700, made in 2023 and 2024, have reported clutch operation irregularities and gear-shifting difficulties. The Mercedes-Benz cars, manufactured from 2023 to 2025, have been found to exhibit defects in their prefuse box assemblies. Aedy said affected vehicle owners would be contacted by the manufacturers to schedule an inspection. 'All owners of the affected models are urged to plan accordingly to ensure that the recall and inspection process can be completed as soon as possible,' he said in a statement. He also said that any defective components identified would be replaced at no cost, with expenses fully covered by the respective vehicle manufacturers.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store