An agreement for KLSE listed EP Manufacturing (EPMB) to supply electric motorcycles (e-bikes) for Malaysia’s ASEAN neighbours, Indonesia and Vietnam. The agreement between EPMB, Singapore-based Averte Global and Blueshark Group from Hong Kong calls for 23,000 e-bikes to be delivered from the first quarter of 2023 with Averte and Blueshark being joint-venture partners and purchasers.
The agreement is in effect for a five-year period and EPMB subsidiary EP Blueshark is expected to supply an estimated 2 million e-bikes to its partners. Pricing for the e-bike is expected to range between USD 1,850 (RM8,094) and USD 3,900 (RM17,064).
EPMB will produce the e-bikes at its upcoming manufacturing facility in Shah Alam, Selangor. EPMB partner Averte has signed a memorandum of understanding (MoU) with Viettel Post, a subsidiary of Vietnam Telecom, for the supply of 20,000 e-bikes for sale to corporate and individual customer, while a preliminary agreement has been signed with PT Marco Indokarya, a subsidiary of state owned PT Sarinah, for the procurement of 2 million e-bikes for Indonesia over a five-year period.
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This is way forward, but not the pricing. This is definitely a big scooter (not bicycle). A good quality escooter that met all safety standards priced at RMB4,000 and below in china. This is too expensive.
So good luck.
So expensive.
Wonder if indonesian and vietnamese can afford it.
Even malaysian still considered it very expensive considering its made from china.
We have many Great Designer ,here ..
Change something ,so ..the face & the back look more … beautiful & attractive .