PROPERTY developer Malton Bhd has inked a memorandum of understanding (MOU) with Dongguan Benling Vehicle Technology Co Ltd (BENLG), one of China’s largest electric motorcycle/scooter manufacturers, to explore the viability of establishing a local assembly plant and distribution ecosystem for electric motorcycles in Malaysia.
The collaboration marks a strategic expansion for Malton into the green mobility space by partnering with a veteran manufacturer to capture the rapid shift in Malaysia’s urban transportation landscape.
Founded in 2003, BENLG brings two decades of manufacturing expertise and currently operates major production bases in Tianjin, Wuxi and Taizhou in China.
Having already established an international footprint with branches in India, the Philippines, Thailand and Indonesia, the company has positioned Malaysia as the next logical step in its regional expansion.
Through its collaboration with Malton, BENLG is seeking to establish an assembly hub in Malaysia as a gateway to the wider ASEAN electric two-wheeler market.
In turn, Maltin is exploring this venture as part of its on-going diversification strategy into future-ready industries, particularly those aligned with national development policies in industrialisation, electrification and sustainable transport.
Under the terms of the MOU which has a validity period of nine months, Malton and BENLG will commence joint feasibility studies to determine the commercial viability of a local assembly facility.
This process will involve a comprehensive analysis of market demand in Malaysia and the wider Southeast Asian region alongside the identification of strategic industrial sites suitable for assembling EV motorcycles for both domestic use and export.
At the close of today’s (Jan 26) market trading, Malton was up 3.5 sen or 10.29% to 37.5 sen with 1.26 million shares traded, thus valuing the company at RM215 mil.
