Bermaz Auto is reportedly looking into expanding into the electric vehicle segment with the addition of a Chinese EV brand to its portfolio. According to Affin Hwang Investment Bank , the company is said to be engaging with several China EV automakers for EV distribution rights in Malaysia.
“Any successful tie up with any of these larger Chinese EV players would be a plus for BAuto, but existing automotive players in the country may also be seeking such strategic plans, and thus it may be challenging , especially going up against the bigger players with a stronger financial position and distribution network,” the report said.
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