^{(Back Left to Right) Mr Yang Nanhua (CEO of BAIC International Development Co Ltd), YB Chang Lih Kang (Minister of Science, Technology and Innovation) and Datuk Ts Dr Mohd Nor Azman Hassan (Deputy Secretary, Technology Development, Ministry of Science, Technology and Innovation). (Front Left to Right) Mr Zhao Pengfei (Vice General Manager, BAIC International Development Co Ltd) and Dr Rezal Khairi Ahmad (Director, Gigafactory Malaysia Sdn Bhd and CEO of NanoMalaysia Berhad).}


BEIJING, China, April 30 (Bernama) -- Gigafactory Malaysia Sdn Bhd (GMSB), a company under NanoMalaysia Berhad (NMB) Group, announces the signing of a Memorandum of Understanding (MOU) aimed at advancing the electric vehicle (EV) industry in Malaysia and the ASEAN region with BAIC International Development Co. Ltd (BAIC).
 
The signing ceremony was witnessed by the Minister of Science, Technology and Innovation (MOSTI), YB Tuan Chang Lih Kang and Datuk Ts. Dr Mohd Nor Azman bin Hassan, Deputy Secretary General (Technology Development), Ministry of Science, Technology & Innovation, during the 18th Beijing International Automotive Exhibition (Auto China) 2024.
 
The MOU marks a pivotal moment in Malaysia's journey towards becoming a global hub for sustainable transportation solutions.
 
GMSB strives to collaborate with BAIC International Development Co. Ltd to drive forward research and development in battery technology and battery swapping solution. GMSB was represented by Dr Rezal Khairi Ahmad, CEO of NanoMalaysia Berhad, while Mr Yang Nanhua, CEO of BAIC International Development Co Ltd, represented BAIC.
 
The partnership aims to harness expertise, resources, and complementary technologies from international collaborators to accelerate the development and implementation of EV solutions in Malaysia. By leveraging cutting-edge research and innovative technologies, GMSB aims to enhance the quality and competitiveness of its products and services, ultimately driving the growth of Malaysia's EV industry and supporting the nation's transition towards a sustainable future.
 
The collaboration holds immense potential for Malaysia, promising localised battery manufacturing, technology sovereignty, and job creation opportunities in the EV ecosystem. By reducing battery imports and leveraging locally developed chemistry for battery production, Malaysia can significantly lower the manufacturing costs of EVs, making them more affordable for consumers.
 
NMB, a company limited by guarantee (CLBG) under the Ministry of Science, Technology and Innovation (MOSTI), has been at the forefront of advancing nanotechnology and the local EV ecosystem in Malaysia. With a focus on commercialisation and development, NMB has played a pivotal role in shaping Malaysia's National Nanotechnology Policy and Strategy 2021-2030 and the National Nanotechnology and Product Roadmap 2021-2025. NMB has been driving initiatives such as the Enabling Mobility Electrification for Green Economy (EMERGE), Rapid Electric Vehicle Innovations Validation Ecosystem (REVIVE), and Campuses for Local Electric Vehicle Expeditious Roll-out (CLEVER).
 
Additionally, the NanoMalaysia Energy Storage Technology Initiative (NESTI) Programme, launched in 2022, aims to lead Malaysia in developing energy storage systems crucial for electric mobility and renewable energy. A key milestone under NESTI is the development of the Hydrogen Electric Vehicle Battery Centre (HEBATT). HEBATT is a one-stop consultation centre of excellence for innovative local and international collaborations between industry, universities, and government agencies. The centre focuses on developing new battery chemistries and producing advanced batteries in various form factors and hydrogen-based storage, including nanotechnology-improved batteries.
 
GMSB aims to evolve HEBATT from a kilofactory into a megafactory by 2030 and, from there, into a gigafactory in line with the demands of electrical vehicle (EV) and Battery Energy Storage System (BESS) targets in Malaysia.
 
Looking ahead, MOSTI, through NMB and GMSB, envisions demonstrating battery-swapping eco-systems for both two-wheelers and four-wheelers, promoting standardisation guidelines for batteries and swapping systems, and making strategic investments in battery packing and swapping solutions for Malaysia to position itself as a leading producer of EV batteries, driving down EV prices domestically and fostering the adoption of sustainable transportation solutions.
 
Prepared by
MINISTRY OF SCIENCE, TECHNOLOGY AND INNOVATION
30 April 2024
 
About NanoMalaysia Berhad Group of Companies
NanoMalaysia Berhad was incorporated in 2011 as a company limited by guarantee (CLBG) under the Ministry of Science, Technology and Innovation (MOSTI). Through the NanoMalaysia Venture Builder Model, it is entrusted with driving the development of nanotechnology and EV components technology and spearheading the hydrogen economy.
 
About GigaFactory Malaysia Sdn Bhd (GMSB)
GigaFactory Malaysia Sdn Bhd (GMSB) is a subsidiary of NanoMalaysia Berhad (NMB), dedicated to advancing Malaysia's electric vehicle (EV) ecosystem and battery energy storage system (BESS) via deep focus in battery technology and advanced chemistries. With a focus on innovation and collaboration, GMSB aims to accelerate the adoption of sustainable mobility solutions while driving economic growth and technological advancement in Malaysia and beyond.

Source: NanoMalaysia Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Email: corporateaffairs@nanomalaysia.com.my
 
--BERNAMA