EP Manufacturing Signs Agreement To Sell EV Motorbikes In Indonesia, Vietnam
EP Manufacturing Bhd has teamed up with two foreign firms to sell two-wheel electric vehicles (EVs) in Indonesia and Vietnam. EP Blueshark Sdn Bhd (EBSB), the group's wholly-owned subsidiary, has entered into a master agreement with Averte Global Pte Ltd and Blueshark Group Ltd to capture e-motorbike business opportunities in the two countries. EP Manufacturing said in a bourse filing that Averte is a Singapore-based green products and services provider, and Blueshark is a Hong Kong-based two-wheel EV manufacturer.
It stated that Averte and Blueshark may form a joint venture company, Averte Blueshark Asia Ltd, to purchase an initial 23,000 units of the e-motorbike from EBSB in 2023, with a total purchase price of not less than two million units over the five-year term of the agreement. "The proposed collaboration will be funded in the future through internally generated funds and/or proceeds from equity and/or debt financing," the filing said, adding that the deal is expected to boost EP Manufacturing's revenues over the next five years.
Gallery
Written By
Anis
Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........
JPJ Running Numbers
KUALA LUMPUR
VRU8709
SELANGOR
BSU5416
JOHOR
JG2045J
PULAU PINANG
PSG6453
PERAK
APM4216
PAHANG
CFJ1895
KEDAH
KGJ5443
NEGERI SEMBILAN
NEM3599
KOTA KINABALU
SJU6455
KUCHING
QAB7995P
Last updated 22 Oct, 2026
Fuel Price
Petrol
RON 95
RM 3.97
+1.38
RON 97
RM 4.90
+1.75
RON 100
RM 7.20
+2.20
VPR
RM 8.23
+2.00
Diesel
EURO 5 B10
RM 5.12
+2.08
EURO 5 B7
RM 5.32
+2.08
Last updated 30 Apr, 2026
Related News
SoloEra Solo 1C E-Bikes Roll Off Production Line In Shah Alam
EPMB has begun assembling SoloEra Solo 1C electric motorcycles at its Glenmarie facility in Shah Alam.
19-08-2025
MForce Unveils The YADEA E8S Pro Electric Scooter - Priced From RM5,999
MForce Bike Holdings Sdn Bhd has unveiled The YADEA E8S Pro which is priced from RM5,999.
23-10-2023
Blueshark R1 Reviewed | Electric Scooter For The Masses?
Blueshark R1 Reviewed | Electric Scooter For The Masses?
11-07-2023
Energy Absolute To Construct RM5 billion EV Public Transport Manufacturing Facility In Malaysia - MITI
Energy Absolute Thailand and Computer Forms Malaysia (CFM) to build Malaysia's first EV manufacturing plant for public transportation.
10-01-2023
New TAILG EBIXON e-Bikes Launched – up to 200 KM range, priced from RM9,000
New TAILG EBIXON e-bikes brand enters the local market with BOLD commuter and TORQ commercial models.
23-11-2022
E-Scooter Among 3 Types of Micromobility Vehicles Banned on The Road, Compound Up to RM300!
e-Scooter Among 3 Types of Micromobility Vehicles Banned on The Road, Compound Up to RM300!
27-04-2022
EV Battery Prices Expected To Fall Almost 50% By 2026
Goldman Sachs Research predicts that EV battery prices will drop by 50% by 2026.
09-10-2024
Global EV sales up 21% in July As China Records Biggest Jump Of 2024 - Report
July saw a 21% annual increase in global sales of plug-in hybrid and fully electric cars, driven by China's fastest-growing market this year.
14-08-2024
Latest News
Proton's Exports Are Growing, But Not All The Cars Wear Proton Badges
Proton exported 7,370 vehicles in the first nine months of 2026, including Geely cars built in Malaysia. Here's why it matters for Tanjong Malim.
21-10-2026
6,537 Road Deaths In 2025 - Can Malaysia's New Safety Push Make A Difference?
Malaysia recorded 6,537 road deaths in 2025. With a new MOT-MIROS proposal underway, can the country meet its target to halve fatalities by 2030?
20-10-2026
ECRL Vs Driving To Kota Bharu: Petrol, EV Or Train, Which Costs Less?
ECRL fares to Kota Bharu start at RM125. We compare train tickets with petrol and EV energy costs to see which option makes more sense.
19-10-2026
"We'd Love To Go Back": Mercedes Eyes Sepang Return As F1 Night Race Idea Emerges
Mercedes-AMG Petronas F1 wants to return to Sepang, while Signify says a night race is technically possible. Could Malaysia's next F1 race be after dark?
19-10-2026
RM52,000 In Car Rebates? Sime Motors' 3-Day Sale Is Now On!
Sime Motors' 3-day sale runs from 16 to 18 October 2026 in Ara Damansara, with car rebates up to RM52,000, test drives and special offers.
16-10-2026
RM950 Million From F1 At Sepang. So Why Is Malaysia Still Hesitating?
F1 at Sepang generated nearly RM950 million in economic impact. But a five-year Malaysian GP deal could cost RM1.5 billion. Here's why.
16-10-2026
35 Cars Daily! BYD's New Miri 3S Centre Puts Aftersales In Focus
BYD's new Miri 3S Centre can service up to 35 cars daily. Here's how the latest Sarawak expansion strengthens aftersales support for EV owners.
15-10-2026
Chery Omoda 5 Recall: 600 Cars In 2024, 8,878 In 2026. What Changed?
Chery's Omoda 5 recall covers 8,878 vehicles, compared with 600 in 2024. Here's what changed, what remains unknown and what owners should do.
15-10-2026
Show More
trending_flat
Malaysia First Used Car and EV Consignment Platform
This is the best place to sell your car at true market value. Instead of accepting low dealer trade-ins, we handle everything and connect your car directly to genuine buyers for the highest price.
Understanding CariCarzAutomall Consignment Plan
Approved 200-Check Points Inspection
7 Day Money Back Guarantee
One Year Extended Warranty
No Hidden Charge