Thamlev chooses Malaysia as a manufacturing base outside the United States for the production of light electric vehicles (EVs)
—Datuk Wira Arham Abdul Rahman
KUALA LUMPUR, MALAYSIA, October 27, 2022 /EINPresswire.com/ — Thamlev USA Ltd., an American company based in Arkansas, has announced that Malaysia will be its manufacturing base in Southeast Asia for the production of e-bikes outside the United States. This new site will expand Thamlev’s existing manufacturing capacity and help raise the profile and development of the electric vehicle (EV) sector in Malaysia.
With a total investment project value of RM100 million in Light Electric Vehicle (LEV), the company’s capital investment is expected to turn the country into a LEV hub such as eMoped, eMotorcycle, eMicrocar, for the global market. and generate approximately 750 job opportunities in Malaysia.
In welcoming Thamlev to Malaysia’s electric vehicle ecosystem, the Managing Director (CEO) of Malaysian Investment Development Authority (MIDA), Datuk Wira Arham Abdul Rahman, said, “We are delighted to know that Thamlev is currently expanding and offering Malaysia as a production center for its light electric vehicle for export to the United States. Thamlev’s expansion into Malaysia is in line with our National Automotive Policy (NAP) with the aim of positioning Malaysia as a regional leader in the manufacturing, engineering, technology and sustainable development of electric vehicles. Identified as one of the key sectors under the National Investment Aspirations (NIA), Malaysia is committed to driving the growth of electric vehicles and its entire ecosystem, which in turn helps to elevate the electric vehicle landscape in Malaysia to become more competitive in Southeast Asia.
“The Malaysian government will strive to create an enabling environment for foreign and domestic industry players to do business in Malaysia, as the country stands ready to provide highly skilled talent and capable technology partners.” Added Datuk Wira Arham.
Kelvin Tham, CEO of Thamlev Mobility Sdn. Bhd., said, “We aim to deliver the most compelling LEV of the 21st century. Thamlev is dedicated to producing innovative, durable and attractive LEV design. Through our advanced research and development (R&D) department, we continue to be committed to sticking to the highest quality LEV and focus on growing the Malaysian manufacturing sector, especially in the LEV sector.
“Aspiring to be a hub of pioneering LEV creation and innovation, we believe that a great organization must be equipped with the best talent, unique capabilities, creative thinking and technical skills in order to succeed in competitive environment and constant development. Today we realize it; Thamlev is ranked #5 with annual sales of 4,000 units in the United States, in 2022. We look forward to expanding our footprint in the United States, Europe and the ASEAN region in the near future.
In December 2021, Thamlev signed a Memorandum of Understanding (MOA) with NanoMalaysia, the marketing agency under the Ministry of Science, Technology and Innovation (MOSTI) and Hyundai Kefico Corp. on the EV micro-mobility ecosystem for an amount of 30 million USD. The adoption of the EV micro-mobility ecosystem will be the catalyst for the company to move to LEV, in line with the global technological revolution.
Thamlev has also partnered with Curo Co., Ltd, Hyundai Electric and Energy Systems Co., Ltd Daegu Mechatronics and Materials Institute and Signet EV to form a Battery Swap Station (BSS) consortium in Malaysia. With this new technology adoption, Thamlev plans to increase its annual production target to 100,000 units per year by 2025.
Thamlev’s new manufacturing base in Malaysia will serve as a central hub for the company’s research and development (R&D) process department, including the development of its complete vehicle system design and integration, powertrain R&D based on Gallium Nitride (GaN) and BSS equipment. It will also become the main manufacturing center for exporting the LEV to high potential export markets such as the US and European markets from January 2023. Meanwhile, China will supply a wide range of general parts and frames biking. In addition to this, Thamlev is also committed to empowering graduates by working closely with prestigious universities to strengthen research collaboration and technology transfer such as artificial intelligence (AI) in autonomous driving and big data analysis.
MIDA has approved 25 projects totaling RM10.69 billion in EV and its related ecosystems from 2020 to June 2022. Approved investments include EV assembly business, manufacturing of EV parts and components and its charging components.
Mr. Naziki Abdullah
Malaysian Investment Development Authority
+6 03-2267 6688
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