KUALA LUMPUR: EP Manufacturing Bhd (EPMB), through unit PEPS-JV (Melaka) Sdn Bhd, has been appointed as a contract vehicle assembler for Great Wall Motor Sales Malaysia Sdn Bhd (GWM Malaysia) for the next eight years.
EP Manufacturing will initially focus on assembling and producing Haval H6, a mid-size SUV model, and the Haval Jolion, a compact SUV model.
The agreement allows for potential adjustments to the production lineup in the future, reflecting the dynamic nature of the automotive industry.
Anticipating a gradual production ramp-up, EP Manufacturing aims to achieve an annual output of 20,000 units by 2028.
The assembly and production activities will be centred at the group's automotive manufacturing facility at the HICOM Pegoh Industrial Park in Melaka.
The company said the expansion is expected create 1,000 new job opportunities in Melaka with over RM100 million committed to ensuring the success of the venture.
"We eagerly anticipate a close partnership with GWM as they introduce their renowned brand portfolio to Malaysia, commencing with Haval, a top-selling SUV brand in China," EP Manufacturing group chief executive officer Ahmad Razlan Mohamed said in a statement.
He said the decision to venture into car assembly reflects EP Manufacturing's steadfast commitment to vertically integrate its operation.
"This strategic move presents a prime opportunity to expand our revenue streams and broaden our business portfolio," said Ahmad Razlan.
It also aligns seamlessly with the government's vision, encouraging local players to ascend the value chain through enhanced manufacturing activities, thereby contributing significantly to Malaysia's economic growth.