SEOUL, Nov 28 – Malaysia Automotive, Robotics and IoT Institute (MARii) is partnering with a consortium consisting of South Korean company, Edison Motors Co Ltd, and an undisclosed Malaysian company to establish the first electric bus assembly plant in Malaysia.
The partnership comes with an initial investment of US$100 (RM417) million.
In a meeting chaired by Minister of International Trade and Industry Datuk Darell Leiking, both parties also discussed the possibility of technology transfer.
The meeting was held in conjunction with Darell’s participation in Prime Minister Tun Dr Mahathir Mohamad’s two-day official visit to Seoul which ended yesterday.
