MIDA has confirmed that Thamlev USA Ltd., a US-based company headquartered in Arkansas, has announced Malaysia as its manufacturing base in Southeast Asia for the production of electric bikes outside the United States.
With a total investment project value of RM100 million in the Light Electric Vehicle (LEV), the company’s capital investment is set to transform the country into an LEV hub such as eMoped, eMotorcycle, eMicrocar, for the global market and generate approximately 750 jobs opportunities in Malaysia.
Kelvin Tham, CEO of Thamlev Mobility Sdn. Bhd., said,” Thamlev is dedicated to producing innovative, sustainable, and attractive designs of LEVs.”
Thamlev is ranked no.5 with annual sales of 4000 units in the United States, in 2022 and looks forward to expanding its footprint across the United States, Europe, and ASEAN region in the near future.
In December 2021, the company signed a memorandum of agreement with NanoMalaysia, and Hyundai Kefico Corp. on EV Micro Mobility Ecosystem amounting to USD30 million. The company has said it will be teaming up with Curo Co.,Ltd, Hyundai Electric and Energy Systems Co.,Ltd Daegu Mechatronics and Materials Institute and Signet EV to form a Battery Swap Station (BSS) consortium in Malaysia. Through this new technological adoption, it is anticipating an increase in annual production target of up to 100,000 units per year by 2025.
Thamlev’s new manufacturing base in Malaysia will serve as a central hub for the company’s research and development (R&D) process department, including the development of its full vehicle system design and integration, Gallium Nitride (GaN) based Power Train R&D and BSS equipment. It will also become the main manufacturing hub to export the LEV to the high-potential export market such as the US and the European markets beginning January 2023.
Meanwhile, China will supply a wide range of general parts and bike frames.
.
