EP Manufacturing BHD: A Strategic Leap in Electric Motorcycle Manufacturing
In a significant development for Malaysia’s automotive industry, EP Manufacturing Bhd (EPMB) has initiated the local assembly of the SoloEra Solo 1C electric motorcycle at its advanced facility in Glenmarie, Shah Alam. This move marks a pivotal step in the company’s commitment to supporting Malaysia’s National Energy Transition Roadmap (NETR) and its net-zero ambitions. The collaboration between EPMB and Blueshark Malaysia Sdn Bhd underscores a strategic partnership aimed at combining EPMB’s manufacturing prowess with Blueshark’s cutting-edge electric vehicle (EV) technology, propelling Malaysia towards sustainable mobility.
Expanding Production and Consumer Choice
The Glenmarie plant boasts an initial production capacity of 12,000 units annually, with the assembly of higher-performance Solo 2 and Solo 3 models already underway. This expansion not only broadens consumer options but also positions Malaysia as a strategic hub for two-wheeled EV manufacturing in ASEAN and beyond. The initiative has garnered attention from key stakeholders, including the Investment, Trade and Industry Ministry (Miti), the Malaysia Automotive Robotics & IoT Institute (MARii), and Petronas Dagangan Bhd, highlighting the project’s significance in the national and regional automotive landscape.
Market Reception and Strategic Vision
The Solo 1C model has been met with enthusiastic demand, amassing over 6,000 applications within a month of its limited-time pre-sale promotion. Priced attractively at 599 MYR, it stands as one of the most affordable electric motorcycles in the market. This strong market reception is a testament to the growing consumer interest in sustainable and economical transportation solutions.
EPMB’s Executive Director, Aiden Hamidon, emphasized the company’s commitment to maintaining its leadership in the electric vehicle manufacturing sector and advancing next-generation mobility solutions in Malaysia and other regions. The partnership with Blueshark Malaysia aims to realize a vision of affordable, sustainable mobility and to expand the domestic electric vehicle ecosystem, positioning Malaysia as a manufacturing hub in ASEAN.
Financial Outlook and Market Performance
On the financial front, EPMB’s stock has shown promising signs, with technical indicators suggesting a potential uptrend in the short term. After a period of consolidation, the stock has broken out, supported by a strong buying volume, indicating a positive market sentiment. The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) have both signaled a bullish trend, with key resistance levels identified at 39 MYR, 42 MYR, and potentially extending to 45 MYR and 47.5 MYR. Investors are advised to watch for a healthy pullback, with support levels between 34.5 MYR and 35.5 MYR, as entry points.
Conclusion
EP Manufacturing Bhd’s strategic move to commence local assembly of electric motorcycles represents a significant milestone in Malaysia’s automotive industry, aligning with national sustainability goals and consumer demand for eco-friendly transportation options. With strong market reception and a positive financial outlook, EPMB is well-positioned to lead the charge in the electric vehicle manufacturing sector, both in Malaysia and across ASEAN. As the company continues to expand its production capabilities and product offerings, it stands at the forefront of the transition towards sustainable mobility solutions.