NI HSIN GROUP BERHAD (FORMERLY KNOWN AS NI HSIN RESOURCES BERHAD)("NI HSIN" OR "THE COMPANY") - OEM MANUFACTURING AGREEMENT BETWEEN DONGGUAN TAILING ELECTRIC VEHICLE CO., LTD. AND NI HSIN EV TECH SDN. BHD. Reference is made to announcement dated 15 October 2021 in relation to the Product Development Agreement between Dongguan Tailing Electric Vehicle Co., Ltd. (“TAILG”) and Ni Hsin EV Tech Sdn. Bhd. (“NH EV TECH”).
The Board of Directors of the Company is pleased to announce that NH EV TECH, a wholly-owned subsidiary of the Company had on 23 March 2022 entered into an OEM Manufacturing Agreement (“Agreement”) with TAILG for the purpose of appointing TAILG to manufacture customised eBixon EV Bike, an electric scooter based on TAILG’s existing electric scooter Model D-80 on original equipment manufacturing basis and sell to NH EV TECH upon the terms and conditions of the Agreement.
Please refer to the attachments below for further details of the Agreement.
OTHERS Ni Hsin Group Berhad (Formerly known as Ni Hsin Resources Berhad)("the Company") – Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares 17:12 OTHERS Ni Hsin Group Berhad (Formerly known as Ni Hsin Resources Berhad)("the Company") – Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares NI HSIN GROUP BERHAD
Type Announcement Subject OTHERS Description Ni Hsin Group Berhad (Formerly known as Ni Hsin Resources Berhad)("the Company") – Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares The Board of Directors of the Company wishes to announce that the Company intends to seek shareholders' approval on Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares at the forthcoming Eighteenth Annual General Meeting of the Company.
A Statement to Shareholders and Annual Report 2021 containing details of the above proposal will be issued to the shareholders of the Company in due course.
Ni Hsin Group Bhd’s (Ni Hsin) wholly-owned subsidiary, Ni Hsin EV Tech Sdn Bhd (NH EV Tech), has launched its new TAILG EBIXON EV electric vehicle (EV) motorcycle models, which are imported and assembled at the company's manufacturing facilities in Seri Kembangan, Selangor.
The company has unveiled two models for the personal and commercial categories, namely TAILG EBIXON BOLD and TAILG EBIXON TORQ.
In a joint statement today, Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Arham Abdul Rahman said the production or assembly activities of Ni Hsin reflects the competitiveness of the local company in presenting itself as one of the innovative leaders of EVs.
"This is also in line with the government’s commitment to developing the EV technology ecosystem as outlined in the National Automotive Policy 2020
Base on the price tag at $9K and $14K, I think it is a recipe for disaster. The equivalance models in China cost not even one third! Is it due to the extremely high production cost in Malaysia or making huge profit???
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....