Glovemaker Careplus signs Neta EV deal with GoAuto – plant in Chembong N9, CKD Neta V coming soon?
Glove company Careplus has signed an electric vehicle deal with GoAuto that will include the setting-up of an importation, distribution, assembling and manufacturing hub for EVs via a couple of joint venture companies. The glovemaker is listed on Bursa Malaysia the deal was announced in a filing with the bourse dated June 2.
One of the JV companies will be for the manufacturing plant, and the parties have earmarked a 74-acre land in Chembong, Negeri Sembilan for the purpose. The land is currently owned by Careplus, which will hold 51% stake in the venture. The land is described as “not currently yielding any returns” to the glovemaker, which was founded in 2010., currently a wholly-owned GoAuto subsidiary that Careplus will buy a 30% stake by way of share swap.
Careplus also intends to step its toes into the vehicle retailing business, and a separate JV company will be set up to open Neta EV dealerships “and to further expand into dealership of other EV brands with the support from GoAuto’s expertise”. GoAuto will also “use its best endeavour to direct other vehicle brands distribution” to this JV, which is 70% controlled by Careplus.
The Neta V supports AC charging at a max of 6.6 kW, with a full charge taking eight hours. DC fast charging at 100 kW gets the battery from 30% to 80% state of charge in 30 minutes. There’s also a vehicle-to-load system capable of delivering up to 3.3 kW to your accessories. More on the
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