GoAuto & Careplus Inks 30% Stake Term Sheet - EV Production, Assembly & Retail
-full_normal.jpg)
Careplus Group Bhd, Masterclean Technologies Sdn Bhd's glove making unit, has inked a term sheet with GoAuto Group Sdn Bhd showing its intention in entering the EV industry. This JV would include both the manufacturing and retail sides of the automotive industry.
If this JV comes to fruition, the businesses will establish an EV production and assembly hub on a 74-acre tract of land held by Careplus in Chembong, Negeri Sembilan, to advance GoAuto's EV CKD (Completely Knocked Down) project.
-full.jpg)
To accomplish this, Careplus would consider acquiring a 30% stake in GoAuto through a fresh Careplus 25-million share issuance. In addition, Careplus may lease out its Careplus Mall in Seremban as a value-added product to the JV.
-full.jpg)
The NETA S, a premium offering set to enter the Malaysian market before 2025
GoAuto, which imports and distributes 9 automotive brands in Malaysia, recently made headlines when it became the first automobile distributor to offer a EV, the NETA V for a low price of RM99,800.
Source: TheEDGEMalaysia
Written By
Kumeran Sagathevan
More then half his life spend being obsessed with all thing go-fast, performance and automotive only to find out he's actually Captain Slow behind the wheels...oh well!
JPJ Running Numbers
KUALA LUMPUR
VRN9254
SELANGOR
BST4679
JOHOR
JD6417J
PULAU PINANG
PSF3432
PERAK
APL2657
PAHANG
CFH6326
KEDAH
KGH8755
NEGERI SEMBILAN
NEL7031
KOTA KINABALU
SJT9124
KUCHING
QAB5213P
Last updated 04 Sep, 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
Latest News
Japan Rebadging A Malaysian EV? How Daihatsu Could Use Perodua’s QV-E Platform
Will Daihatsu rebadge Perodua’s QV-E? Inside the historic MITI talks as Japan looks to adopt Malaysia's homegrown EV platform technology.
02-09-2026
One App, More Chargers: ChargeSini and Gentari Roaming Goes Live
Access Gentari EV chargers directly on the ChargeSini app. Discover roaming integration features, real-time bay availability, and seamless payments in one place.
02-09-2026
ChargeSini Slashes DC Fast Charging Rates Across Malaysia To Accelerate Nationwide EV Adoption
ChargeSini slashes DC fast charging rates in Malaysia down to RM1.19/kWh. Check out the new revised tariffs for public DC40, DC60, DC80, and condo chargers.
01-09-2026
640km Range & 12-Min Charge: Malaysia’s First Homegrown EV Battery The Key To Affordable EVs
Malaysia launches local production of its 640km graphene EV battery in Sepang! See how GMSB's 12-minute fast-charging cells could make EVs cheaper.
28-08-2026
Why Petrol Station Owners Can’t Just Build EV Chargers Even If They Want To
Wonder why petrol stations lack EV chargers? Discover why high setup costs, corporate control, and fire safety rules leave dealers unable to install them.
27-08-2026
From Batik Uniforms To Bilik Solat: 7 Things To Expect From The 160km/h ECRL
ECRL reveals new batik crew uniforms! Discover 7 key features of the 160km/h train experience, from bilik solat to OKU access, ahead of its 2027 launch.
20-08-2026
Ex-MITI Deputy Says Poor Communication Sparked Public Anger Over RM200k EV Rule
Ex-MITI Deputy Dr. Ong Kian Ming reveals why bad government PR sparked public outrage over Malaysia's RM200k CBU EV import rule and cheap Chinese imports.
19-08-2026
25 EV Fires In 3 Years — Why Bomba Says The Numbers Aren't What You Think
Bomba records 25 EV fires in Malaysia over 3 years. Discover why JBPM says numbers aren't rising and get the real facts behind the Cheras house fire.
18-08-2026
Show More
trending_flat