Property developer Sunsuria has announced that it has inked a memorandum of understanding with China-based IAT Automobile to set up an operation base in Malaysia for the development of electric vehicles .
The partnership also plans to create an automotive diversified eco-system, build and develop EV innovation parks and jointly establish an ASEAN Automotive Design and Innovation Centre. The collaboration will have Malaysia as its main operation base, with expansion to other countries in the region planned down the line.
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