Sapura Industrial, Mili Tech partner to boost Malaysia’s EV growth

Bangi, 4 November 2024 –As Malaysia steps up its efforts towards achieving a sustainable, electrified future, Sapura Industrial Berhad (SIB), through its wholly owned subsidiary, SIB Ventures Sdn Bhd, has executed binding heads of agreement with Mili Tech Sdn Bhd to enter into a joint venture (JV) through SIB Mili Sdn Bhd.

The collaboration, based on the successful outcome of feasibility studies initiated after a Memorandum of Understanding (MOU) signed on 24 April 2024, positions the joint venture as a key player in electrified vehicle (xEV) products and services.

Sapura and Mili Tech

The formation of SIB Mili Sdn Bhd focuses on critical areas that directly support Malaysia’s push for sustainable mobility:
● After-sales service and maintenance for xEVs.
● Refurbishment, repurposing, and recycling (3R) of xEV batteries to reduce environmental impact.
● Training and certification for the upskilling of local talent to meet the growing demand for xEV-related expertise.

SIB Mili Sdn Bhd will commence operations in Kajang. Three new flagship service centres will be opened over the next three years.

This joint venture aligns with Malaysia’s broader national vision for increased electric vehicle (EV) adoption, as outlined in the Low Carbon Mobility Blueprint (2021-2030) and the National Automotive Policy (NAP 2020), which aim to position the country as a regional hub for next-generation vehicles, while also promoting sustainability and resource efficiency.