logo
New Energy Asia to be sole Lotus EV charger distributor across Asean

New Energy Asia to be sole Lotus EV charger distributor across Asean

The Star13-06-2025
DRB-HICOM group managing director and HESB chairman Tan Sri Syed Faisal Albar. —LOW BOON TAT/The Star.
KUALA LUMPUR: New Energy Asia Sdn Bhd, a newly established joint venture (JV) between HICOM Engineering Sdn Bhd (HESB) and Hangzhou Flash Charging New Energy Co Ltd. (HFC) from China, will exclusively distribute Lotus electric vehicle (EV) chargers across ASEAN.
HESB is a subsidiary of DRB-Hicom Bhd , while HFC is a subsidiary of Lotus Technology Inc., which is a company mainly engaged in the design, development, manufacturing and sales of luxury EVs.
DRB-HICOM group managing director and HESB chairman Tan Sri Syed Faisal Albar said that starting today, New Energy Asia will begin the nationwide rollout of a full range of Lotus charging stations in Malaysia.
"We are also keen to work with original equipment manufacturers (OEMs) and property developers, too, because modern condominiums deserve turbocharged EV units.
"Big things are coming ahead. Our JV with HFC marks a significant milestone. Thank you for believing in us. We are excited to co-create something truly impactful in the future.
"To the Ministry of Energy Transition and Water Transformation, as well as the Energy Commission, your guidance and support have made this possible. We are deeply grateful,' he said in his speech at the JV collaboration here today.
Syed Faisal said that DRB-HICOM is committed to answering the government's call, especially in the EV sector, contributing to net-zero emissions by 2050.
"Our HICOM Engineering manufacturing facilities also assemble Mercedes-Benz EQS EV, and Pos Malaysia has already converted 2,000 vehicles into electric motorcycles and vans.
"We are just not talking about change, but we are living it. Therefore, this new JV becomes a natural extension in our effort to slash the carbon footprint,' he added.
Meanwhile, HESB chief operating officer Hazrin Fazail Haroon said that New Energy Asia aims to set up a manufacturing facility within the next two years, depending on market demand. The targeted location for the facility is Tanjung Malim, Perak.
However, for now, New Energy Asia will focus on after-sales service and support for its charge point operators (CPOs), as well as strengthening the capabilities and expertise of its workforce in this area.
"We have sent our team to Hangzhou Flash Charge in China for the first step training, they have been there and they have gained all the knowledge about the charging equipment, the direct current, and also alternating current.
"For the second phase, we are doing online training focused on the calibration of charging equipment and compatibility with new cars available in the market. We will work with OEMs and our partners to do these calibrations and address any issues we face in Malaysia,' he said. - Bernama
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

SINEXCEL and EVCIPA Jointly Release the "China's EV Charger Development White Paper 2024"
SINEXCEL and EVCIPA Jointly Release the "China's EV Charger Development White Paper 2024"

Malaysian Reserve

timea day ago

  • Malaysian Reserve

SINEXCEL and EVCIPA Jointly Release the "China's EV Charger Development White Paper 2024"

SHENZHEN, China, Aug. 15, 2025 /PRNewswire/ — SINEXCEL, in collaboration with The China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA), one of China's most influential EV charging research institutions, has jointly released China's first EV Charger Development White Paper 2024. This landmark publication is the first comprehensive and authoritative report to systematically analyze the nation's electric vehicle charging industry. Led by SINEXCEL and EVCIPA, and developed with the contributions of nearly 30 leading EV charger enterprises, the white paper offers an in-depth assessment of China's charging infrastructure. It examines key application scenarios and explores core technologies, with the aim of supporting the development of a high-quality charging network. The report serves as a valuable reference for policymakers, researchers, and industry professionals both in China and abroad. In addition to assessing the present landscape, the white paper provides a forward-looking analysis of future industry trends. It identifies nine critical developments poised to shape the future of electric vehicle charging, including megawatt charging technology and the integration of photovoltaic systems with charging infrastructure. This white paper reinforces SINEXCEL's strong market position, following its No. 1 ranking in sales of megawatt-level chargers, and underscores its commitment to advancing the global EV charging ecosystem while promoting the sustainable growth of electric mobility infrastructure. About EVCIPA Founded in 2015, EVCIPA is a non-profit social organization supported by the National Energy Administration. It provides real-time data on the construction and operation of charging and facilities, energy metering, and helps governments with decision-making. The Alliance also contributes to the creation and release of industry standards and protocols, supporting the development of smart grid integration and new energy vehicle technologies. About SINEXCEL Founded in 2007, SINEXCEL is a pioneer in energy storage, EV charging and power quality solutions. With 12 GW of installed storage, 140,000 DC chargers and nearly 20 million amperes of AHF deployed, SINEXCEL partners with industry leaders like EVE Energy and Schneider Electric to empower energy freedom. Contact: Erika Fengerika_feng@

VinFast to spin off assets in US$1.5bil deal with founder
VinFast to spin off assets in US$1.5bil deal with founder

The Star

timea day ago

  • The Star

VinFast to spin off assets in US$1.5bil deal with founder

Pham Nhat Vuong, Vietnam's richest man with a US$11.1 billion fortune, has pumped more than $2 billion of his own money into VinFast and has said he's willing to support the company until his cash runs out. - Reuters HANOI: VinFast Auto Ltd is poised to raise about US$1.5 billion by selling certain research and development assets to its founder, a move that will help shore up its finances as it plans an ambitious expansion. The Vietnamese electric vehicle maker announced a plan to spin off part of its R&D unit to a newly formed company, known as Novatech Research and Development SJC, according to a filing made to the US Securities and Exchange Commission on Thursday. Novatech will hold assets related to costs of completed research and development projects. After the creation of the new entity, VinFast will sell all of its shares in Novatech to its founder and Chief Executive Officer Pham Nhat Vuong for about 39.8 trillion dong ($1.5 billion), according to the statement. "This move addresses funding requirements for operations and expansion as the company continues to report losses,' according to Ken Foong, an analyst with Bloomberg Intelligence. Vuong, who is Vietnam's richest man with a $11.1 billion fortune according to the Bloomberg Billionaires Index, has pumped more than $2 billion of his own money into VinFast and has said he's willing to support the company until his cash runs out. "The plan highlights the chairman's ongoing support for VinFast - complementing the grants he's made since 2023,' said Hong Luu, a senior manager of the research department at Vietcap Securities. "Meanwhile VinFast's operations will remain unchanged,' she said. VinFast said in the statement that the transaction "reflects a further effort by the founder to facilitate VinFast's long-term growth.' VinFast is racing to establish a foothold in price-sensitive Asia amid intense competition and ongoing losses in its international business. It inaugurated a factory in the Indian state of Tamil Nadu earlier this month which will have an initial production capacity of 50,000 vehicles a year. It expects to open a plant in Indonesia by October. The company posted a loss of $3.2 billion last year. Novatech will be carved out from VinFast Trading and Production JSC, or VFTP, and will initially remain a direct subsidiary of VinFast, with the EV maker holding about 38% stake, according to the statement. The new company will have a charter capital of about 105.8 trillion dong and Vingroup JSC will own a roughly 62.3% stake, according to a separate statement on Vingroup's website. VFTP will remain a direct subsidiary of VinFast and continue to operate its core EV manufacturing business in Vietnam and conduct future research and development on new products and technologies, according to the filing. Shares of VinFast fell 2.3% to close at $3.46 per share on Thursday trading in the US. - Bloomberg

Just tap and charge: TNB, CIMB, Visa, JuiceUP roll out contactless EV charging nationwide
Just tap and charge: TNB, CIMB, Visa, JuiceUP roll out contactless EV charging nationwide

Malay Mail

timea day ago

  • Malay Mail

Just tap and charge: TNB, CIMB, Visa, JuiceUP roll out contactless EV charging nationwide

KUALA LUMPUR, Aug 15 — Malaysia's electric vehicle (EV) ecosystem took another step forward today with the introduction of a simplified contactless payment system at selected EV charging stations nationwide. Industry players have long cited payment complexity as a barrier to EV adoption. By reducing transactions to a single tap, the new system is expected to encourage wider use of public charging facilities and support the government's goal of accelerating EV adoption under the National Energy Transition Roadmap (NETR). The initiative, led by TNB Electron in collaboration with CIMB Bank Bhd, Visa and JuiceUP EV Grid Sdn Bhd, aims to make charging more accessible, convenient and rewarding for drivers, particularly at strategic rest and service (R&R) areas along major highways. JuiceUP, as the integrated payment enabler, ensures seamless and secure transactions, enabling TNB Electron to deliver consistent, efficient and scalable services across its expanding network. Contactless payment terminals are already operational at Juru Setia Sentral, Ayer Keroh, Tapah, Gurun (Northbound) and Gurun (Southbound), with more sites to follow. Powered by JuiceUP's advanced payment technology, EV users can now charge their vehicles without the need for a dedicated app — simply tapping a credit or debit card, or using Apple Pay, Samsung Pay or Google Pay. CIMB cardholders are entitled to a 10 per cent discount on EV charging, while Visa cardholders enjoy 12 per cent off per transaction. Holders of CIMB-Visa cards receive the greatest savings, combining both offers for a total discount of 22 per cent on every charge. The promotion, applicable with a minimum spend of RM30, will run until December 31, 2025. TNB EV programme director Wan Ahmad Zam Zam Wan Abd Wahab said the rollout of contactless payment terminals marks a key milestone in TNB Electron's strategy to enhance accessibility and user experience. 'It also gives users an alternative to apps when charging their vehicles. By working with trusted partners like JuiceUP, CIMB and Visa, we are delivering secure, seamless charging solutions that align with everyday payment behaviour,' he said, adding that the initiative reflects TNB's commitment to enabling a sustainable transport ecosystem and supporting the national energy transition agenda. JuiceUP chief executive officer Benson Lim Chai Poh said the collaboration integrates exclusive cardholder benefits into the platform, helping to break barriers and encourage wider EV adoption. 'This partnership reflects our commitment to driving meaningful change through innovative solutions,' he said. Visa country manager for Malaysia, Previn Pillay, said Visa is proud to be at the forefront of enabling seamless and secure payments for EV charging. 'By working with charging point operators to support multiple payment types, we are helping to remove one of the key barriers to EV adoption, simplifying the charging experience and empowering more drivers to embrace zero-emission mobility. 'This forms part of Visa's broader commitment to smart urban mobility, as we help cities modernise payment infrastructure across transit and mobility services to create more connected and efficient urban environments,' he said. In Malaysia, where more than nine out of 10 transactions are now contactless, Visa is leveraging this high penetration to make EV charging as simple and intuitive as tapping a card — bringing everyday convenience to the forefront of sustainable transport, he added. As Malaysia works towards its EV adoption targets under the NETR, the initiative is seen as an important step in aligning infrastructure with consumer expectations, making sustainable mobility both practical and convenient. EV drivers can find the nearest TNB Electron charging platforms via — Bernama

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store