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
VRA2444
SELANGOR
BSQ3640
JOHOR
JYX3040
PULAU PINANG
PSC5019
PERAK
APH6757
PAHANG
CFG6020
KEDAH
KGG2171
NEGERI SEMBILAN
NEK4872
KOTA KINABALU
SJR9999*
KUCHING
QAB8428N
Last updated 27 May, 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
"Please Don’t Buy This Car" — Why Ferrari Is Telling Its Hardcore Fans To Stay Away From Luce EV
Ferrari Chief Marketing Officer Enrico Galliera advises traditional petrolhead collectors not to buy the new all-electric Ferrari Luce designed by Jony Ive.
26-05-2026
11,000+ Units Sold in 4 Months: 5 Ways Proton Is Growing Its e.MAS Footprint Nationwide
Proton e.MAS deliveries skyrocket 329.5% with 11,617 units in 4 months as Pro-Net widens its premium retail footprint to 53 outlets nationwide, including Pavilion Bukit Jalil.
22-05-2026
Why BYD’s Surprise Kedah Plant Visit With Sime Motors Is Huge News For EV Buyers
BYD VP Liu Xueliang’s surprise visit to Sime Motors' Inokom plant in Kulim, Kedah hints at a CKD partnership to save affordable EV prices under new MITI rules.
19-05-2026
PEKEMA Assures Buyers That Remaining Port Stocks Will Keep Budget EVs Alive For A Bit Longer
PEKEMA assures Malaysian car buyers that existing port and showroom stocks will keep affordable imported EVs available until the end of 2026 before strict new MITI guidelines take effect.
19-05-2026
MITI Dropped New EV Rules, But BYD Says "We're Not Going Anywhere"
BYD VP Liu Xueliang confirms the carmaker's commitment to Malaysia despite MITI's new EV import rules. Learn about BYD's expansion plans to East Malaysia and the new Mansion Macalister in Penang.
15-05-2026
KL Hits 160% While Perlis Is At 4%? A Look At The Huge EV Charger Gap Across Malaysia
Malaysia’s EV map is split. While KL hits 160% and Penang passes 100% of their charging targets, states like Perlis and Kelantan are lagging behind. We break down the state-by-state EV charger gap in 2026.
13-05-2026
The RM200k EV Floor Isn't 'Protectionism' — It’s A Power Move To Force Global Brands To Build In Malaysia
Is Malaysia's RM200k EV price floor protectionism? Discover MITI's strategic plan to force global brands into local assembly and boost the semiconductor ecosystem.
12-05-2026
T20 without Petrol Subsidy, RM1 Petrol Goes 2.98km — EV Goes Up to 5.45km
With Malaysia's RON95 market price hitting RM4.02/L, how far does RM1 actually take you? Compare the real-world efficiency of petrol vs EVs. Discover why an EV stretches your Ringgit up to 83% further in 2026.
11-05-2026
Show More
trending_flat