Ni Hsin Explores SURRON EV Motorcycle Assembly in Malaysia

Ni Hsin’s subsidiary signs MoU with Qiulong to explore exclusive local assembly of SURRON electric motorcycles, expanding its EV portfolio in Malaysia.

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Ni Hsin Group Bhd has advanced its strategy in the electric vehicle (EV) sector through a memorandum of understanding (MoU) between its wholly owned subsidiary, Ni Hsin EV Tech Sdn Bhd (NHEVT), and Chongqing Qiulong Technology Co Ltd. The agreement establishes a preliminary framework for a potential exclusive assembly arrangement for SURRON electric motorcycles in Malaysia.

As outlined in a filing with Bursa Malaysia, the MoU enables both parties to commence formal negotiations toward a definitive assembly services agreement. Under the proposed structure, NHEVT would undertake the local assembly of SURRON-branded electric motorcycles using completely knocked down (CKD) kits supplied by Qiulong. The exclusivity element suggests that the parties may appoint NHEVT as the sole assembler of these motorcycles in the Malaysian market.

The proposed collaboration forms part of Ni Hsin’s broader strategic diversification into EV mobility. In particular, it reflects a focused expansion into the off-road electric motorcycle segment, including dirt bikes. This niche segment has demonstrated increasing global demand, driven by advancements in battery technology and growing interest in sustainable recreational vehicles.

From an operational perspective, the use of CKD kits allows for localised assembly while leveraging Qiulong’s manufacturing capabilities and established product designs. This approach may provide efficiencies in cost management, logistics, and market responsiveness, while also supporting the development of domestic EV-related capabilities.

The MoU is valid for a period of six months or until the execution of a definitive agreement, unless extended by mutual consent. During this period, both parties are expected to address key commercial, technical, and regulatory considerations necessary to formalise the arrangement.

Ni Hsin indicates that the initiative will not materially impact its earnings, net assets, or gearing for the financial year ending 30 June 2026, reflecting the agreement’s preliminary nature and the lead time required before it generates operational or financial contributions.

The company also acknowledged that the proposed collaboration remains subject to customary industry risks, including regulatory changes, policy developments, and broader macroeconomic conditions. These factors may influence both the timing and eventual outcome of the project.

Overall, the MoU represents a measured but strategically aligned step in Ni Hsin’s efforts to strengthen its position within the EV ecosystem, particularly in the specialised segment of off-road electric motorcycles.