Malaysian vehicle assembler and distributor, Tan Chong Motor Holdings (TCMH), announced in a filing to the Malaysian Stock Exchange that it has signed an agreement to provide assembly services to Perodua, the country’s second national car company and largest vehicle manufacturer. Japan’s Daihatsu Motor owns a 30% stake in Perodua and is its key technology partner.
TCMH’s 70%-owned subsidiary, Tan Chong Motor Assemblies (TCMA), has signed a letter of intent with Perodua Sales to provide assembly services including electro-deposition coating and painting line services, as well as “rental and use of certain designated assembly lines” to Perodua Sales. The company said the deal will help it increase capacity utilization and efficiency, and give it exposure to the fast-growing zero-emissions vehicle segment.
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TCMA’s services will be used to produce the Daihatsu’s forthcoming battery electric vehicle (BEV), the QV-E, which is scheduled to be launched in the next few weeks. It is described as a homegrown crossover BEV powered by a 52.5 kWh CATL LFP battery. Pilot production is already underway at Perodua’s Rawang plant, with full production expected to begin by the end of the year.
