BAIC Motor Corp Ltd is part of Beijing Automotive Group Co Ltd, one of China’s largest carmakers.
The joint development also involves working on future right-hand drive internal combustion engine vehicles and electric vehicles , where the companies will develop BAIC-branded RHD EVs to cater to the Malaysian and other RHD markets in the region. In its filing with Bursa Malaysia today, EPMB said it will be responsible for the local assembly of the said SUVs and subsequently the RHD ICE and EV products in the country.
“This is with intention to gradually increase the proportion of localised parts to obtain policy support from the Malaysian government, and to take advantage of the Asean free trade agreement to realise Asean regionalisation coverage,” EPMB said.