Careplus and Go Auto’s Joint Venture to Build USD 127 Million GreenTech Facility for Electric Vehicle Production

Jan 2024

Malaysia’s Careplus Group Bhd, a medical device manufacturer, and Go Auto Group Sdn Bhd, a local automotive importer, are collaborating through their joint venture, NexV Manufacturing Sdn Bhd. to construct a MYR 600 million (USD 127 million) green technology facility in Negeri Sembilan. The facility, focused on manufacturing new energy vehicles (NEVs) including electric vehicles (EVs), is set to start operations in the first quarter of 2025.

The joint venture aims to establish a state-of-the-art plant in Chembong Industrial Area, Rembau, with a yearly capacity of 30,000 vehicles, featuring the assembly of NETA models through the collaboration between Careplus and Go Auto’s subsidiary, Intro Synergy Sdn Bhd. The facility will also be open to other NEV brands interested in completely knocked down (CKD) assembly of passenger and commercial EVs or electric motorcycles.

The project, encompassing three phases, involves the development of an assembly plant in the first quarter of 2024, followed by expansions in 2026 and 2028. It is expected to create over 600 skilled and semi-skilled jobs, specializing in EV manufacturing and incorporating smart manufacturing technologies associated with the Fourth Industrial Revolution. Additionally, Careplus Mall will serve as a sales and service center for NETA EVs, solar panel equipment, and solutions, complemented by fast-charging stations for EVs, scheduled to be installed in the second quarter of 2024.

(Sources: The Star; The Edge Malaysia)

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