In January, NexV Manufacturing – a joint venture between glove manufacturer Careplus Group and GoAuto Group – announced that construction on its upcoming electric vehicle assembly plant in the Chembong Industrial Area in Rembau, Negeri Sembilan had begun. By April, work had reached 30%, with piling, reinforcement bar installation and foam works for ground beams and stumps for the facility completed.
To date, the structure, assembly floor and electrical substation has been installed, with the company stating that the first phase of the project is on track for completion by the start of 2025.
The plant will have an initial annual production capacity of 50,000 units annually, but phases two and three, which will begin in 2026 and 2028 respectively, will expand production capacity to 100,000 units a year. Incidentally, the latter is a doubling of that first indicated back in January.
Manufacturing will centre on Neta-branded models, including the Neta V, but the company has also inked a deal with Central Auto Distributors (CADB) a subsidiary of Malay Vehicle Importers and Traders Association of Malaysia (Pekema), to assemble the Dongfeng Box S31, also known as the Nammi 01. which is set to enter the local market next year. NeXV was also slated to assemble Skyworth EVs, but the deal was subsequently dissolved.
The company said that the plant will feature ESG right from the start. Once operations begin in 2025, the plant expects to reduce its carbon footprint through eco-friendly solutions, including technologies that produce zero wastewater discharge, zero noise pollution, while solid waste will be processed through recycling centres within the facility.
It added that a significant portion of factory’s energy will also be powered by solar panels to be installed on the roof of the plant. To cement the undertaking towards sustainability, the company recently transplanted a 30-year-old tree from Careplus Mall in Seremban 2 to the NeXV plant in Chembong.
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With 50k annual capacity, they are lucky to utilize 20% of the capacity. Simply said the demands is not there. Are they prepared for underutilize capacity?
I’ll subsidize Chinese companies if they’re losing money. Will Elon Musk do that? He’s a pussy breaking promises to build factories
How many Neta have they sold? and now building a plant? Sure they will be pulling export card.
PEKEMA is involved…oh no….
They r dreaming..with so small volume,no economies of scale..they r bound to be another failure.
Have u heard the retailers at “lowyatt 2.0 “complaining of high rentals,poor promotions,low sales volume?
Now there r so many EVs coming here,from China.The pie is getting too small.
Warren Buffet and Elon Musk,must be having the last laugh.
⚠️Absolutely right!!! Problem company, According to the prelimary analysis report given by SC, the useless CEO has created a pool of corrupted partnerships in the company.
Unless the new management has proven to have cleared the corrupts, all investors should stay away from this counter to avoid getting a time bomb and be responsible for losing all their clients’ investments and savings.
what is the percentage of Chinese EV cars in Malaysia? Malaysia is becoming the 2nd home of China. While FI is a good thing, a single source is a worrying matter. Hope there are lasting strategies in place. Wonder what is these investors’ exit strategy and its impact on the Malaysian economy. Scary!
Why scary? You invested? Suka mereka lah kalau rugi nke tak. Paling penting duit mereka sampai negara kita. Saya sokong CCp investment dari Yahudi investment. Bila puak penyokong yahudi takut sama China, saya akan double down sokongan kepada CCP.
Back to NETA, in Malaysia it will be very hard to beat BYD, GWM, Geely and other big brands from China unless their price is 50-70% less than the rest
Bosan. These useless pekema and glc jokers please open up to the good ev makers not these craps
What can be crappier than allowing lynas to store radioactive wastes in mesia? Jgn mudah lupa
I was wondering why PT posting photos of a burial service hahaaa
Not far from our location in nilai but ours for human so gomen opened a new one in rembau for EVs from china
as well memorial park for Neta assembly plant
What’s jokeNeta dearly bankrupt in China,In Malaysia,how many vehicle sold?? Failed..JV failed,assembly plan will fail soon!!! Investors fund failed forfeited. Recently lawsuits at high court for careplus’s partnership Naza Dato SM Azli and SM Azrul of fraudulent misrepresentation and conspiracy to defraud. Disgusting
What’s joke ever Neta dearly bankrupt in China,In Malaysia,how many Neta vehicle sold?? Failure ..JV failed,assembly plan failed!! Investor fund failed and forfeited. Recently lawsuits at high court for the partnership individual Naza Dato SM Azli and SM Azrul of fraudulent misrepresentation and conspiracy to defraud. Disgraceful and disgusting