GCG to produce EV batteries in Malaysia

Automotive components supplier Go Charge Go Asia (GCG Asia) announced it plans to expand into electric vehicle (EV) battery manufacturing to support plans to produce EVs in the region.

Free Report

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market. This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide. Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:

Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics

Consult this report now to find out how you and your company can benefit from our Explorer platform.

By GlobalData

By clicking the Download Free Report button, you accept the terms and conditions and acknowledge that your data will be used as described in the GlobalData privacy policy

By downloading this Report, you acknowledge that we may share your information with our white paper partners/sponsors who may contact you directly with information on their products and services.

Visit our privacy policy for more information about our services, how we may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company wants to produce the batteries in Malaysia in partnership with a leading global battery supplier to provide a “sustainable local supply” to automakers in south-east Asia.

GCG Asia is said to be in talks with potential partners and is looking to kick-start an EV battery manufacturing project in the second half of 2021.

The company’s founder and CEO Alice Tan said in a statement: “The automotive industry has a duty to ensure the sustainability of new innovative technologies, which is why it is necessary for GCG Asia to prepare for the introduction of such technologies into the Southeast Asian market.”

Malaysia, and south-east Asia as a whole, significantly lags most developed markets in the transition towards zero-emission vehicles.

EV sales in the region represent a negligible fraction of total vehicle sales.

Free Report

What does the future hold for the US electric vehicles market?

Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics

Consult this report now to find out how you and your company can benefit from our Explorer platform.

By GlobalData