KUALA LUMPUR, 8 MAY 2024 – Ni Hsin EV Tech Sdn Bhd (“NH EV TECH”), a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (“Ni Hsin” or the “Group”; Bursa: NIHSIN, 7215), today launches its high powered EV motorcycles, TC Max and CPx PRO at The Starhill, Bukit Bintang Kuala Lumpur.
TC Max and CPx PRO are high powered EV motorcycles manufactured by Nanjing Vmoto Manufacturing Co, Ltd (“VMOTO”) and assembled by NH EV TECH in Malaysia under license.
VMOTO is a world leading, fully integrated, new energy e-mobility solution provider, as a brand owner, designer, manufacturer and distributor of high quality electric two-wheel vehicles with European designs and uncompromising quality and related EV business solutions harnessing technology that is sustainable, innovative and exhilarating.
TC Max is a snappy and fun e-motor, a modern café racer capable of entertaining on urban routes thanks to its outstanding handling and acceleration. CPx PRO comes with an 8kW motor, reaching a speed of 105 Km/h. It is a strong, safe and high-tech vehicle - the perfect partner for daily adventures. Combined with ease of maintenance, both TC Max and CPx PRO can be ideally equipped according to specific requests, installing accessories such as panniers, sirens, radio systems, well suited for police, army and security enforcement units.
The exclusive launch today at the Foyer and Piazza of The Starhill, Bukit Bintang KL, is a joint effort between VMOTO and EBIXON, the EV brand of NH EV TECH. Adding excitement and prestige, the event featured the MotoGP Legend, 5 times MotoGP World champion and Official VMOTO Ambassador, Jorge Lorenzo. Renowned for his illustrious career in motorcycle racing, Lorenzo’s presence certainly delighted Malaysian enthusiasts, supporters and media who will be given the opportunity participate in the event. As a global icon in the world of motorsports, Lorenzo's endorsement of VMOTO's electric scooters underscores their performance and quality.
The event also included the handing over of the EV motorcycles to early buyers by Jorge Lorenzo after which he led a convoy ride to the BLACKBIXON CAFÉ at Jalan Inai for lunch. After lunch it was back to The Starhill for a meet and greet session with the guests and media ending with autograph signing by Lorenzo. The launch will be followed by a Road Show over the next 2 days showcasing the beauty and grace of the machines that will “ELECTRIFY YOUR RIDE”. Visitors will get to spin a giant wheel to win a BLACKBIXON coffee or croissant or T-Shirt. Visitors may also purchase or rent VMOTO bikes with exclusive roadshow promotions. On 9 may 2024 Lorenzo will lead the early buyers of the VMOTO EV motorcycles on a tour to three destinations, KLCC Park, Dataran Merdeka and KL Tower and to meet fans at these locations.
Khoo Chee Kong 邱基强, Managing Director of NH EV TECH, said: “We are excited to collaborate with VMOTO to bring their state-of-the-art electric products to Malaysia. VMOTO's commitment to quality, performance, and technology aligns perfectly with our values and aspirations. Together, we look forward to revolutionizing urban mobility and contributing to a greener, smarter future.”
“In the context of sustainable mobility NI HSIN is relentless in making its mark to encourage mass adoption of zero-emission transport across Malaysia.” Khoo added.
"We are thrilled to introduce VMOTO's electric vehicles to the Malaysian market in partnership with NH EV TECH. Our mission is to provide eco-friendly, high-performance mobility solutions that enhance the lives of people in urban environments. With the support of NH EV TECH, we are confident that VMOTO will resonate with Malaysian consumers." said Charles Chen, Managing Director of VMOTO.
NH EV TECH has an established comprehensive sales and marketing network of Distributors, Master Dealers and Dealers around the Peninsula and East Malaysia. Our business model includes outright sales, rent-to-own and rental schemes covering B2B, B2G and B2C market segments. Sharing VMOTO's vision of sustainable urban mobility, NH EV TECH aims to leverage its extensive network and expertise in the Malaysian market to accelerate the adoption of VMOTO electric vehicles.
Malaysia’s electric two-wheeler market is on an upward trajectory, driven by environmental consciousness, technological advancements, and supportive government policies. The Malaysian Electric Two-Wheeler Market is predicted to grow at a 15.4% CAGR during the forecast period 2025 to 2030 in terms of revenue size. This growth is primarily driven by anticipated government initiatives and the need to curb vehicular emissions. The introduction of the RM2,400 rebate to purchasers earning not more than RM10,000 per month through MARiiCas by the Malaysian government is seen to be a primary driver. Other government policies supporting the transition of the ICE two-wheeler to EV two-wheelers include tax incentives, and installation of charging infrastructure.