The Neta brand has also officially launched in Malaysia at IOI City Mall
NEXV Manufacturing Sdn. Bhd., a joint venture between Go Auto Group and Careplus Group Berhad, have officially launched in Malaysia today at IOI City mall, after it has been granted its manufacturing licence to produce electric vehicles (EVs) locally The brand also launched the Neta V along with it, so let’s dive in.
Go Auto Group Chairman, Dato’ SM Azli SM Nasimuddin revealed that its subsidiary company had received its manufacturing licence (ML) to manufacture and assemble EEVs, electric passenger vehicles, electric commercial vehicles and electric motorcycles to cater to the local and regional markets.
Moreover, he also announced the news during his opening speech at the Official Launch of Neta V. The confirmation was given to NEXV Manufacturing Sdn. Bhd on 24 October 2023 by the Ministry of Investment, Trade and Industry (MITI) through its agency, Malaysia Investment Development Authority (MIDA).
Previously, the group had already started business with commercial electric vehicles, and through its recent partnership with the Neta brand, this paves the way for more localisation and market expansion through a facility that is currently being planned in Negeri Sembilan. Soon it will be able to reach more Malaysians in more locations too.
Dato’ SM Azli, during his speech, stated, “I would like to thank the Ministry of International Trade and Industry, as well as its agencies Malaysia Investment Development Authority (MIDA), Malaysia Automotive Robotics and IOT Institute (MARii) for this great recognition of trust to the NEXV Manufacturing Sdn. Bhd.”
“We will take this trust to heart and are committed to producing local EV products of world standards, and most importantly create new opportunities within the Malaysian business ecosystem sustainably.” He added.
On top of that, the Neta V, launched at RM100,000 is also currently the cheapest EV to buy in Malaysia as it even undercuts the previous holder of the title (by a razor thin margin though so it is not really a big difference), the BYD Dolphin which launched at RM100,530 for the base model.
This is great news for many Malaysians as now owning an EV has become more affordable than ever. So for those who were thinking of getting an EV as their next vehicle but were on the fence, if you can afford this car, then why not try it out and see if the EV life suits you?
Well, I am a pretty old school guy so I will stick to my time tested petrol engines for now but with the way things are globally, very soon EVs will be the only option so we all had better get used to them fast.
