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August 2, 2021

Malaysia’s Ta Win to supply EV electrical parts

A cable supplier is expanding into EV electrical components.

By Graeme Roberts

Malaysian electric cable manufacturer TA Win Holdings is expanding into the electric vehicle (EV) supply chain following the launch of new automotive products including wiring, connectors and other related products.

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Ta Win, known as a manufacturer of copper wires and rods, said its recent fundraising activities, including a rights issue, have generated the required resources to enter the global electric vehicle supply chain.

Managing director Datuk Seri Ngu Tieng Ung said the company had invested heavily in this new business segment and was very upbeat about its growth prospects as a supplier of EV electrical parts.

The group said its Cyprium Wire Technology (CWT) subsidiary was recently added to the global vendor list of Aptiv, an automotive electrical and electronic systems supplier based in Ireland and previously part of Delphi Automotive.

EV sales in Malaysia represent a negligible proportion of total vehicle sales in the country with the government yet to implement new incentives to encourage the segment to grow.

Ta Win clearly is focused on overseas sales for growth in the short term.

Free Report
img

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
Enter your details here to receive your free Report.

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