PETRONAS & Blueshark Launch EV Two-Wheeler JV

PETRONAS Dagangan and Blueshark form a joint venture to expand electric two-wheeler adoption in Malaysia, featuring local assembly, battery-swapping stations, and smart mobility solutions.

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PETRONAS Dagangan Berhad (PETRONAS Dagangan) and Blueshark Ecosystem Sdn. Bhd. (BESB) have officially launched a strategic joint venture—Blueshark Malaysia Sdn. Bhd. (BMSB)—to catalyse the nationwide adoption of electric two-wheelers (2W-EVs) and smart mobility solutions. This collaboration marks a significant step forward in supporting Malaysia’s National Energy Transition Roadmap (NETR) and long-term sustainability goals.

The partnership, established via PETRONAS Dagangan’s wholly owned subsidiary, PDB Growth Solutions Sdn. Bhd. (PGSSB), builds on an evolving relationship with BESB that began in 2022. Following a successful pilot rollout and strong momentum in early EV adoption, the companies have now entered a more structured growth phase to expand the reach and scale of their efforts.

Expanding Infrastructure and Local Assembly

Under BMSB, the joint venture will serve as the exclusive distributor of Blueshark-branded electric two-wheelers in Malaysia, including the flagship Soloera model. It will also deploy battery-swapping services at selected PETRONAS stations—currently operational in Klang Valley, Penang, and Johor—with phased expansion underway to cover more regions.

To enable nationwide scalability, BMSB will work closely with two strategic partners:

• Sharkgulf Technologies Group Limited (STGL). The original technology provider for Blueshark, will supply cutting-edge smart battery systems, connected powertrains, and integrated software solutions.
• EP Blueshark Sdn. Bhd. (EPBSB), a wholly owned subsidiary of EP Manufacturing Bhd. (EPMB), will lead the local assembly of 2W-EVs, playing a crucial role in localisation and logistics.

This multi-party collaboration combines each entity’s unique strengths. It comes with PETRONAS Dagangan’s vast retail network and operational excellence, BESB’s agility and product innovation, STGL’s advanced EV technology, and EPMB’s deep manufacturing expertise.

Leadership Insights on the JV’s Impact

Azrul Osman Rani, Managing Director and CEO of PETRONAS Dagangan, emphasised the company’s shift towards sustainable mobility:

“This joint venture signals a strategic step as we expand beyond traditional fuel into smarter, cleaner mobility solutions. With Blueshark, we aim to create a future-ready ecosystem that delivers real value while supporting everyday mobility needs.”

Jeff Chong, Group CEO of BESB, echoed the transformative potential of the JV:

“This union strengthens Malaysia’s electric two-wheeler ecosystem and accelerates EV adoption. Together, we’re working to become a household brand in electromobility—mobilising Malaysia toward a greener future.”

Tiger Liu, CEO of STGL, added:

“This is more than a business deal—it’s a commitment to sustainable transport in Malaysia. We’ll continue to innovate and improve services to deliver the best electric mobility experience.”

Aidan Hamidon, Executive Director of EPMB, highlighted the broader vision:

“Today’s agreement marks a major milestone in our EV journey. With our expertise and PETRONAS Dagangan’s network, we aim to build a smart EV ecosystem that supports Malaysia’s green mobility targets.”

Powering the Shift to Low-Carbon Transport

This joint venture is not just a commercial collaboration. It’s a reflection of a growing movement toward low-carbon, technology-driven mobility in Malaysia. By aligning capabilities across retail, technology, assembly, and innovation, PETRONAS Dagangan and its partners are building the foundation for a sustainable and scalable EV ecosystem.

As infrastructure expands and local production ramps up, Blueshark Malaysia is set to play a pivotal role in transforming how Malaysians ride—greener, smarter, and cleaner.