Posted by EliteBiz > 2022-06-01 14:56 | Report Abuse

Japan’s developer and manufacturer of pure electric vehicle (EV) and electric motorcycles, Toyoda Trike Inc (“Toyoda”) will work together with Graphjet Technology Sdn Bhd (“Graphjet Technology”) to ensure the supply of raw materials for its electric bicycle rollout in Malaysia would be sufficient. Toyoda is a private company in Japan specialising in carbon neutral mobility solutions such as electric vehicles and motorcycles. Its largest shareholder is the Toyoda family, the fourth generation of the founder of TOYOTA Corporation, the largest automobile manufacturer in the world. Together with Asia Development Capital Co. Ltd (“ADC”), which is a public listed company on the Tokyo Stock Exchange that has a market capitalisation of JPY9.4 billion (or about RM320 million), they own more than 80% of the company. Graphjet Technology Sdn Bhd, on the other hand, is a company that focuses on its state-of-the-art graphjet technology that converts palm kernel shells to graphite and graphene. It is also touted as the only technology globally that possesses such capability. Graphjet Technology is managed by its Chairman: Mr Lim Hooi Beng, Managing Director Mr Jay Aw, Executive Director Mr Lee Ping Wei and Chief Technology Officer Mr Liu Yu. According to Toyoda CEO, Toyoda Misako, Graphjet will be the key supplier of raw materials for the production of Toyoda’s electric bicycle that will be deployed in Malaysia and SEA. “We will be working with Graphjet to ensure the continuity of the key supplies of raw materials for the production of our electric bicycle amd other carbon neutral mobility products. This is important as key raw materials such as graphene and graphite are vital in the production of long-lasting batteries. With the growing demand for electric vehicles and electric bicycles, we need to collaborate with partners to ensure that the supply of these raw materials is not disrupted,” ADC’s CEO, Anselm Wong said. Graphjet’s Managing Director, Mr Jay Aw, is excited with the collaboration with Toyoda as it helps to accelerate the adoption of carbon-neutral mobility solutions in Malaysia and SEA. Graphjet’s Executive Director, Mr Lee Ping Wei said, “We are looking forward to be the key partner to Toyoda in the supply of graphene and graphite to Toyoda for the production of its electric bicycle and other carbon neutral mobility products. This gives us an opportunity to expand our presence in the electric vehicle space, and potentially the emerging new era of long-lasting batteries. Given the importance of key raw materials such as graphene and graphite, we will ensure that the logistics bottlenecks and supply chain disruptions would be minimal.” Indeed, the sourcing of raw materials, logistics arrangements and planning for a comprehensive supply chain would be part of Graphjet’s focus in this collaboration.