logo
Blueshark aims to have over 50 battery swapping stations nationwide by mid-2026 in tie-up with Petronas

Blueshark aims to have over 50 battery swapping stations nationwide by mid-2026 in tie-up with Petronas

The Sun14-07-2025
SHAH ALAM: Blueshark Ecosystem Sdn Bhd, in partnership with Petronas Dagangan Bhd, aims to expand its network of battery swap stations from 20 to more than 50 nationwide by the middle of next year, in a push to accelerate electric vehicle (EV) adoption in Malaysia.
Each battery swap station costs about RM50,000, with expenses shared between Blueshark and Petroliam Nasional Bhd (Petronas), Blueshark CEO Jeff Chong told SunBiz in an interview.
A joint venture agreement was signed on May 9, aimed at accelerating the adoption of electric two-wheelers in Malaysia. Blueshark holds a 51% stake and Petronas Dagangan the remaining 49% in the joint venture.
Chong said the planned expansion is based on the expected uptake of Blueshark's e-bikes.
'We are very confident that this year we will see at least tenfold growth compared to last year,' he said, adding that this growth supports the targeted number of new stations.
'We don't want too many stations that end up underused. We need to ensure a good return on investment (ROI),' he added.
The rollout will initially focus on the Klang Valley, Johor and Penang.
'We will prioritise these three areas first because our bike population is concentrated in these cities,' Chong said.
He noted that the strategic partnership with Petronas enhances brand trust and broadens market reach.
'Petronas is one of the top five most cash-rich companies in Southeast Asia and a national brand in Malaysia.'
Chong said Petronas' network of more than 1,000 stations nationwide offers Blueshark wide coverage. 'Placing our battery swap stations at Petronas stations makes it much easier and more convenient for customers.'
Chong highlighted that many Petronas stations are already installing rooftop solar panels, which could eventually power the battery swap infrastructure. 'This would allow us to offer a fully clean energy, net-zero emissions solution.':
He pointed out that Petronas' strong business-to-business network would support Blueshark's growth in the commercial segment.
'We are also collaborating with Mesra to create a point system to benefit customers. There's a lot of synergy in working together,' he added.
Future plans include opening Blueshark showrooms at Petronas stations and launching joint promotions via Petronas and the Setel app.
Chong expressed hope that the upcoming national budget would continue to support two-wheeler EV adoption.
'The carbon emissions from two motorbikes are equivalent to those of one car. So, if the government supports two-wheelers, the ROI is better and emissions can be reduced more effectively,' he said.
The current RM2,400 subsidy for electric cars has minimal impact on middle- and high-income groups, he opined.
'For them, the amount is too small to make an impact. But if you apply a RM2,400 subsidy to e-bikes, you can help the B40 group and achieve better environmental outcomes with a relatively small investment.'
Chong cited data showing that motorcycles emit about 103 grams of carbon per passenger per kilometre, compared to 192 grams for cars.
'If the government wants to address this issue effectively, it should focus on bikes rather than cars. The ROI will be higher, especially considering Malaysia has almost 15 million bikes on the road,' he said.
Chong called for more green funding to support industry growth, noting that Malaysia's adoption of electric two-wheelers remains relatively low compared to countries like Thailand and Vietnam, where supportive policies and stronger demand have driven growth.
'Right now, there isn't much funding or support to grow this sector. The government should consider this,' he said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sabah Electricity welcomes SOGT maintenance rescheduling
Sabah Electricity welcomes SOGT maintenance rescheduling

Daily Express

timean hour ago

  • Daily Express

Sabah Electricity welcomes SOGT maintenance rescheduling

Published on: Thursday, July 31, 2025 Published on: Thu, Jul 31, 2025 Text Size: KOTA KINABALU: Sabah Electricity (SE), in a statement on Thursday, welcomed the rescheduling of maintenance works at the Petronas-owned Sabah Oil and Gas Terminal (SOGT) from 1 August to 5 August this year. The adjustment allows two independent power producers (IPPs) more time to switch their operations from gas to diesel fuel. This transition process requires careful planning to maintain a stable electricity supply across the state. SE expressed appreciation for the cooperation shown by all parties involved in ensuring smooth preparations. It also hopes the IPPs will carry out their technical adjustments efficiently and on schedule to support system stability in Sabah. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia

Ex-Pahang MB Adnan Yaakob loses appeal over RM84,000 SC penalty
Ex-Pahang MB Adnan Yaakob loses appeal over RM84,000 SC penalty

The Sun

time3 hours ago

  • The Sun

Ex-Pahang MB Adnan Yaakob loses appeal over RM84,000 SC penalty

PUTRAJAYA: Former Pahang menteri besar Tan Sri Adnan Yaakob has lost his appeal to set aside an RM84,000 penalty imposed by the Securities Commission (SC) for violating the Capital Market and Services Act 2007 (CMSA). A three-judge panel led by Justice Datuk Azimah Omar ruled that Adnan should have pursued a judicial review to contest the penalty, stating his appeal was bound to fail on that basis. The bench, which included Justices Datuk Wong Kian Kheong and Datuk Ismail Brahim, also ordered Adnan to pay RM10,000 in legal costs. Adnan, who served as Pahang MB from 1999 to 2018, was a director of Pasdec Holdings Bhd (PASDEC), a company majority-owned by the Pahang State Development Corporation (PKNP). The SC found that PASDEC had issued an abridged prospectus in 2018 omitting key details, including PKNP's pending application to subscribe to shares at RM0.35 per unit. As a board member, Adnan admitted responsibility for the oversight. The SC issued a notice in July 2020, reprimanding him and imposing the RM84,000 fine. After Adnan failed to pay, the regulator filed a civil suit in Kuantan's Magistrate's Court, which ruled in the SC's favour in 2022. His subsequent High Court appeal was dismissed in February 2023. Representing himself, Adnan argued that his PASDEC role was a state appointment and absolved him of liability. However, SC lawyer Lambert Rasa-Ratnam countered that Adnan had missed the opportunity to challenge the penalty via judicial review. - Bernama

Ex-Pahang MB Adnan Yaakob fails in appeal to overturn RM84,000 penalty imposed by SC
Ex-Pahang MB Adnan Yaakob fails in appeal to overturn RM84,000 penalty imposed by SC

The Star

time4 hours ago

  • The Star

Ex-Pahang MB Adnan Yaakob fails in appeal to overturn RM84,000 penalty imposed by SC

PUTRAJAYA: Former Pahang menteri besar Tan Sri Adnan Yaakob failed in his appeal on Thursday (July 31) to overturn a summary judgement requiring him to pay an RM84,000 penalty to the Securities Commission (SC) for breaching provisions under the Capital Market and Services Act 2007 (CMSA). A three-man bench led by Justice Datuk Azimah Omar held that Adnan should have filed a judicial review to challenge the penalty, adding that on that ground alone, the appeal was bound to fail. Furthermore, she said Adnan failed to raise any triable issues in the light of his clear and unequivocal admission in his letter to the SC. The panel, also comprising Justices Datuk Wong Kian Kheong and Datuk Ismail Brahim, ordered Adnan to pay RM10,000 in legal costs. Adnan, who served as Pahang menteri besar from 1999 to 2018, was a member of the Board of Directors of Pasdec Holdings Bhd (Pasdec), whose largest shareholder is the Pahang State Development Corporation (PKNP) (Perbadanan Kemajuan Negeri Pahang). The SC, a statutory body established under the Securities Commission Act 1993 (SCMA), is vested with the functions and powers to enforce compliance with the SCMA and CMSA. On May 16, 2018, Pasdec issued an abridged prospectus that omitted material information. Pasdec failed to disclose PKNP's application for approval to subscribe to its entitlement at the issue price of RM0.35 per rights share, was still pending. As a member of the Pasdec's board of directors, Adnan, 75, had individually and collectively accepted responsibility for the omission. On July 22, 2020, SC issued a notice to Adnan stating that he had breached the provisions in CMSA and imposed sanctions, including reprimand and an RM84,000 penalty. However, no payment was made, and the SC initiated a civil suit in the Magistrate's Court in Kuantan. On Aug 25, 2022, the Magistrate's Court allowed the SC's application to enter a summary judgment against Adnan. His appeal to the High Court was dismissed on Feb 16, 2023. In Thursday's proceedings, Adnan, who holds a law degree from the International Islamic University Malaysia, represented himself. He submitted that he should not have been responsible for the breach because his role as Pasdec chairman was a state government appointment. Lawyer Lambert Rasa-Ratnam representing SC, argued that Adnan could have filed a judicial review to challenge the penalty imposed but did not do so. Lambert was also assisted by lawyers Chia Oh Sheng and Lim Jun Xian. - 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