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Ni Hsin Group Unveils Two TAILG EBIXON EV Motorcycle Models

November 22, 2022

KUALA LUMPUR, Nov 22, 2022 - (ACN Newswire via SEAPRWire.com) - Ni Hsin EV Tech Sdn. Bhd., a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad (Bursa: NIHSIN, 7215)), today unveiled two models of the TAILG EBIXON EV Motorcycles.Managing Director of NH EV TECH, Khoo Chee KongMr. Chee Kok Hee, Secretary General of Malaysia Motorcycle and Scooter Dealers Association; Mr. Lee Kun Feng, Vice President of Dongguan Tailing Motor Vehicle Co., Ltd; Yang Berbaqhagia Dato' Zailani Hj Hashim, Director General of Road Transport Department; Yang Berbahagia Dato' Seri Rosman Mohamed, Chairman of Ni Hsin Ev Tech Sdn. Bhd.; and Mr. Khoo Chee Kong, Managing Director of Ni Hsin Ev Tech Sdn. Bhd. [L-R]The models, the TAILG EBIXON BOLD and TAILG EBIXON TORQ, in the personal and commercial use categories, respectively, are assembled at the Group's manufacturing facilities in Seri Kembangan, Selangor.Khoo Chee Kong, Managing Director of NH EV TECH, said, "After more than two years of hard work, from the conceptualisation, R&D, experimentation, trial and error, and close collaboration with our formidable partner, Dongguan Tailing Motor Vehicle Co., Ltd, we finally achieved the milestone with the launching of our TAILG EBIXON EV Motorcycles - the Game Changer for Ni Hsin Group."The Group started selling coffee from motorcycles in line with BLACKBIXON's concept of cafe@home cafe@office cafe@anywhere where the BLACKBIXON Coffee Bike can quickly deliver coffee ordered through e-commerce platforms.Khoo explained, "The first motorcycle we experimented with was an internal combustion engine (ICE) motorcycle which was not efficient as it was burdensome and costly, and we wanted a vehicle that is environmentally friendly. After a series of trials and experiences, an electrical motorcycle that was clean and has zero tailpipe emission was successfully developed, as our BLACKBIXON Coffee Bike last year.""We soon realised that there is a market for this purpose-built machine. The COVID-19 pandemic brought about a spike in e-commerce and hence the demand for delivery services. Motorcycles are a popular choice for its quicker delivery time and low maintenance. In light of global warming, EV motorcycles make perfect sense as they are energy efficient and cheaper to maintain.""There are lots of opportunities for the use of EVs, with the government providing incentives in the form of tax reliefs for the assembly or manufacturing of EVs, component parts, and the development of EV ecosystems such as charging facilities. The government as well as government-linked companies (GLCs) are also expected to adopt the use of EVs. Also, the global electric scooter and motorcycle market is estimated to grow at a CAGR of 10.2% to US$93.9 billion by 2031 from US$35.3 billion in 2021.""Our target is to sell 15,000 units of TAILG EBIXON EV Motorcycles a year over the next three years covering the Asia Pacific region. We are deep in negotiations with several organisations, GLCs, government agencies and dealers to promote, market and distribute our EV motorcycles in the region. Our business model includes outright sale and rent-to-own modules to businesses as well as consumers."The Group's venture into the manufacture and assembly of EV motorcycles underscores its commitment to social and environmental responsibilities while creating a green revenue stream in carbon trading, in which emissions are treated as either carbon credits or offsets that can be sold in a carbon market such as Bursa Securities Malaysia Berhad's voluntary carbon market (Bursa VCM), to be opened by the end of 2022.Ni Hsin's EV motorcycle business generates carbon offsets that can be sold to other companies to reduce their carbon footprint. The Bursa VCM will, besides providing transparency in the carbon credit market, boost investments in high-quality offsetting projects such as planting trees or shifting to cleaner fuels.In conjunction with the unveiling of the two TAILG EBIXON EV Motorcycle models, Ni Hsin will also sign Memorandum of Agreements with several esteemed and well-connected organisations, including MIMOS Berhad, Projek Lintasan Kota Holdings Sdn Bhd (PROLINTAS), HAI-O Enterprise Bhd and PT Winn Pratama Indonesia to assist in the marketing, promotion and distribution of these EV motorcycles.Ni Hsin Group Berhad: NIHSIN [Bursa: 7215] [RIC: NHSN:KL] [BB: NHR:MK], http://www.ni-hsin.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Ni Hsin Obtains VTA Approval for Electric Vehicle Bikes

October 25, 2022

KUALA LUMPUR, Oct 25, 2022 - (ACN Newswire via SEAPRWire.com) - Ni Hsin EV Tech Sdn Bhd, a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad (Bursa: NIHSIN, 7215), today received the Vehicle Type Approvals (VTA) from Jabatan Pengangkutan Jalan Malaysia under the Malaysia Road Transport Act 1987 for two models of its EBIXON Electric Vehicle Bikes (EBIXON EV Bikes) in the personal and commercial categories namely, the TAILG BOLD and TAILG TORQ respectively. Khoo Chee Kong, Managing Director of NH EV TECHNH EV TECH had on 23 March 2022 entered into an Original Equipment Manufacturing Agreement (OEM Agreement) with Dongguan Tailing Motor Vehicle Co., Ltd. (TAILG) for the manufacture of EV Bikes or EV Motorcycles as commonly known in Malaysia.Under the OEM Agreement, TAILG will manufacture the EV Bikes and deliver components, spare parts and software while NH EV TECH will assemble and test as well as run quality control and commission the EV Bikes in Malaysia.TAILG, established in China in 2004, specializes in R&D, manufacturing, sales and service of new energy electric vehicles. Its products cover electric bike, electric scooter, electric special bike, electric tricycle and other vehicles. TAILG, which ranks top 3 in China, is recognised as a "Partner of UN Environment E-mobility Programme" and has 7,000 exclusive shops all around the world. TAILG also set the Guinness World Records for the greatest distance by electric scooter, single charge in October of 2020.The International Trade and Industry Ministry (MITI) had, on 17 March 2022, issued the Manufacturing Licence to NH EV TECH to act as Licenced Manufacturer to carry out 'Manufacture and Assembly of Electric Vehicle Bike' activity at 47, Jalan Taming Dua, Taman Taming Jaya, 43300 Seri Kembangan, Selangor Darul Ehsan as from 29 October 2021 in pursuance of the Industrial Co-ordination Act 1975 (ACT 156).Khoo Chee Kong, Managing Director of NH EV TECH, said: "With the VTA approvals, NH EV TECH will commence Completely Knocked Down (CKD) assembly of its EBIXON EV Bikes in NOVEMBER 2022 and thereafter we will launch the EBIXON EV Bikes in the Malaysian market.""The venture into the e-mobility business is in line with the Group's commitment on ESG. The Ni Hsin EV Bikes are the first fully adapted EV Bikes for the domestic personal and commercial market and will create a new standard in clean transport across the country and beyond.""The focus of the new design is to deliver class-leading carrying capacity, range and top speed in order to encourage mass adoption of zero-emission transport across Malaysia, all while simultaneously avoiding the need for additional infrastructure.""This is an EV bike tailored for different commercial use-cases such as carrying passengers or cargo with safety at the forefront. It is truly a testament to our commitment to offering world-class EV technology in the ASEAN region.""Our EBIXON EV Bike models feature a dual swappable battery system offering a combined range of up to 200 km (112 mi). The batteries can be plugged into a home outlet to charge or be swapped at designated battery stations. Additionally, the battery power can be replenished at a public charger.""Through extensive research and development initiatives in collaboration with TAILG, EBIXON EV Bikes are designed and developed to reach "near cost parity" with internal combustion engine (ICE) motorcycles in the Malaysian market, but at a running cost that's up to 70% lower. EBIXON EV Bikes are designed to suit the Malaysian and regional climate, road conditions and ridership styles while ensuring quality, performance, comfort, handling efficiency and lastly, affordability.""NH EV TECH is currently working with large commercial motorcycle distribution channels and battery swapping station owners across Malaysia and ASEAN, including financiers for its customers and large commercial fleets," Khoo added."We are targeting to sell 50,000 units of EBIXON EV Bikes in Malaysia and ASEAN in the next three years. Demand for EV Bikes in the region is expected to see explosive growth over the next three to 10 years, surpassing Europe and East Asia. This growth is supported by the region's e-commerce market, which is valued at US$2.53 billion in 2022 and is expected to have a compound average growth rate of 20.6% over the five-year period to 2027 according to International Trade Administration data. We will work with local partners in the various countries for the assembly and distribution of EBIXON EV Bikes."Ni Hsin Group Berhad: NIHSIN [Bursa: 7215] [RIC: NHSN:KL] [BB: NHR:MK], http://www.ni-hsin.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)