Naza and General Electric have signed a Memorandum of Understanding (MoU) to explore potential collaboration in Malaysia in three areas – opportunities in the electric vehicle (EV) sector, the implementation of sustainable property development and opportunities in the healthcare services field.

The MOU was inked by Zakaria Ismail, group corporate affairs director of the Naza Group and Stuart Dean, CEO of GE Asean, at a signing ceremony on Friday evening. Also present at the ceremony was John G. Rice, vice chairman of GE, president/CEO of GE Global Growth and Operations, as well as Hamid Ismail, special project director, Naza Group.

Nothing concrete has been yet determined in the automotive-related sector, but the venture is hoping to explore the creation of a platform that combines both parties’ expertise to support EV development in the country, across the spectrum from infrastructure to technology applications.

The collaboration will entail joint-lobbying and education to raise public and government awareness, while engaging in further opportunities such as utilising GE battery technologies in Naza’s electric vehicle manufacturing line, and running electric vehicle pilot tests in several cities across Malaysia. Undoubtedly, we’ll be hearing more about developments as things progress, though when it will all start to come about remains to be seen.