SPEECH BY DATO’ SERI ROSMAN MOHAMED, CHAIRMAN OF NHEVT – LAUNCH OF VMOTO EV BIKES
STARHILL, KUALA LUMPUR
8 MAY 2024
We are privileged to have the kind presence of one and only, Mr Jorge Lorenzo, Vmoto Testimonial & 5 times World Motor GP Champion as our special guest this morning.
Let us welcome him with a round of applause.
I would also like to welcome our distinguished friends from Vmoto China, Italy & Thailand. Selamat datang.
Today, 8 May 2024, marks an important date for both Vmoto and Ni Hsin EV Tech@EBIXON.
We are delighted to work with Vmoto as they have the right fit of products for the B2B and B2G market segments in this region.
It fills my heart with pride, humility, and gratitude when I reflect on the journey we rode together. My heartiest congratulations to each one of us.
This strategic partnership enables both parties to expand their shares of the two-wheeler EV market. The Vmoto EV motorcycles are just what the market needs especially in the B2B and B2G segments.
Vmoto’s global market coverage includes Europe, Asia Pacific, North America, South America, Australia, New Zealand & South Africa. Its global distribution network compromises 62 international distributors and over 1,500 dealers in more than 70 countries.
The Malaysian government policies point to increasingly supporting the adoption of two-wheeler EVs and the Malaysian two-wheeler EV market is expected to grow at 15.4% CAGR for 2021 – 2027 and the growth is primarily driven by the government initiatives.
Current Malaysian government policies and targets support the transition of the ICE two-wheeler to two-wheeler EVs. This includes tax incentives, installation of charging infrastructure and net-zero greenhouse gas in 2050, increasing Malaysia Ringgit 100 billion gross domestic product value in the green technology sector and generating 230,000 green job opportunities.
Malaysia Minister of Investment, Trade and Industry, Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, have called for more local companies to venture into the two-wheel EV industry, adding that the government will also continue to support and facilitate initiatives that contribute to the shared goal of a cleaner, greener and more prosperous Malaysia. He said the Ministry would continue to support the growth of EV motorcycles and that the government has committed and will continue to support the inclusion of incentives to encourage the purchase of electric vehicles (EV) which is already in this year federal budget. Based on experience with the four-wheeled market, government regulations supporting electric two-wheelers could ignite major change and potentially stimulate sales.
With Vmoto’s products and experience in EV industry together with Ni Hsin EV Tech@EBIXON local market knowledge and dedications, both parties can create synergy and have significant benefits to gain market share in the growing two-wheeler EV market in Malaysia.
Once again, thank you everyone for being here and we appreciate your continuous support and presence here this morning. Have a great day and take care.
