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Local Bursa Malaysia-listed company, EP Manufacturing Berhad (EPMB) has signed a memorandum of agreement with California-based Saean Group for the joint development and manufacture of four-wheeled electric vehicles, EPMB said in a statement.
The joint venture will see EPMB make its entry into electric cars with the aim of producing a five-door, four-seater A-segment model, and the strategic alliance could also point towards the manufacture of heavy industry electric vehicles for the consutrction sector, the company said.
Under this partnership, Saean will offer technical and design know-how for the joint development of the EVs to be co-developed with EPMB, while EPMB will provide support through resources and market information for the development of the EV project, as well as to “actively strive for mass production, supply and sales,” the joint statement read.
Founded in 2013, the Saean Group is a “fast-growing EV player” that has developed the aforementioned five-door, four-seater A-segment EV model along with several other electric vehicle technologies, it said in the joint statement.
Saean currently owns more than 120 EV-related patents through its R&D centre in South Korea, and a “sport EV model” is on the cards for limited production beginning next year for the United States market, it said. The company is also set for listing on the Nasdaq stock exchange in the near future, it said.
The model in the Saean vehicle line-up that is closest to its description of a compact EV is the Wid-U (pictured), albeit one that is much smaller that the five-door, four-seater configuration mentioned its its announcement.
The Wid-U seats two in a tandem arrangement and measures 2,522 mm long, 1,300 mm wide and 1,440 mm tall, is powered by a 15 kWh battery that feeds a 40 Nm electric motor and achieved a top speed of 80 km/h, according to the Saean website.
Wholly-owned subsidiary of EPMB, Blueshark has been granted a manufacturing license by Malaysia’s ministry of international trade and industry (MITI) for the assembly and manufacture of electric bikes in the country earlier this month, which followed being granted approval by the road transport department (JPJ) for the licensing and registration of its electric two-wheeled products.
Saean Wid-U compact EV
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