Ni Hsin EV Tech Sdn. Bhd., a wholly-owned subsidiary of Ni Hsin Group Berhad (previously known as Ni Hsin Resources Berhad; Bursa: NIHSIN, 7215), revealed two variants of the TAILG EBIXON EV Motorcycles today.
The personal and commercial usage versions, TAILG EBIXON BOLD and TAILG EBIXON TORQ, are assembled at the Group’s production facility in Seri Kembangan, Selangor.
Khoo Chee Kong 邱基强, Managing Director of NH EV TECH, said, “After more than two years of hard work, from the conceptualisation, R&D, experimentation, trial and error, and close collaboration with our formidable partner, Dongguan Tailing Motor Vehicle Co., Ltd, we finally achieved the milestone with the launching of our TAILG EBIXON EV Motorcycles – the Game Changer for Ni Hsin Group.”
In keeping with BLACKBIXON’s philosophy of cafe@home cafe@office cafe@anywhere, the Group began selling coffee from motorbikes, where the BLACKBIXON Coffee Bike can swiftly transport coffee bought through e-commerce platforms.
Khoo explained, “The first motorcycle we experimented with was an internal combustion engine (ICE) motorcycle which was not efficient as it was burdensome and costly, and we wanted a vehicle that is environmentally friendly. After a series of trials and experiences, an electrical motorcycle that was clean and has zero tailpipe emission was successfully developed, as our BLACKBIXON Coffee Bike last year.”
“We soon realised that there is a market for this purpose-built machine. The COVID-19 pandemic brought about a spike in e-commerce and hence the demand for delivery services. Motorcycles are a popular choice for its quicker delivery time and low maintenance. In light of global warming, EV motorcycles make perfect sense as they are energy efficient and cheaper to maintain.”
“There are lots of opportunities for the use of EVs, with the government providing incentives in the form of tax reliefs for the assembly or manufacturing of EVs, component parts, and the development of EV ecosystems such as charging facilities. The government as well as government-linked companies (“GLCs”) are also expected to adopt the use of EVs. Also, the global electric scooter and motorcycle market is estimated to grow at a CAGR of 10.2% to US$93.9 billion by 2031 from US$35.3 billion in 2021.”
“Our target is to sell 15,000 units of TAILG EBIXON EV Motorcycles a year over the next three years covering the Asia Pacific region. We are deep in negotiations with several organisations, GLCs, government agencies and dealers to promote, market and distribute our EV motorcycles in the region. Our business model includes outright sale and rent-to-own modules to businesses as well as consumers.”
The Group’s entry into the manufacture and assembly of EV motorcycles demonstrates its commitment to social and environmental responsibilities while also creating a green revenue stream in carbon trading, in which emissions are treated as either carbon credits or offsets that can be sold in a carbon market such as Bursa Securities Malaysia Berhad’s voluntary carbon market (“Bursa VCM”), which is scheduled to open by the end of 2022.
Ni Hsin’s electric motorbike company creates carbon offsets, which may be sold to other businesses to help them decrease their carbon impact. Aside from increasing transparency in the carbon credit market, the Bursa VCM will encourage investments in high-quality offsetting initiatives such as tree planting and fuel switching.
Ni Hsin will sign Memorandum of Agreements with several esteemed and well-connected organisations, including MIMOS Berhad, Projek Lintasan Kota Holding Sdn Bhd (PROLINTAS), HAI-O Enterprise Bhd, and PT Winn Pratama Indonesia, in conjunction with the unveiling of the two TAILG EBIXON EV Motorcycle models.