EPMB Signed 10-year agreement With BAIC.
$EPMB (7773.MY)$ said its wholly-owned unit PEPS-JV (Melaka) Sdn Bhd (PJVM) has signed an agreement with BAIC Motor Corp Ltd to assemble and manufacture BAIC’s authorised model vehicles in Malaysia.
BAIC is part of Beijing Automotive Group Co Ltd, a Fortune Global 500 company and one of China’s largest carmakers.
BAIC is part of Beijing Automotive Group Co Ltd, a Fortune Global 500 company and one of China’s largest carmakers.
FY2023's earnings was also the highest for EPMB since 2014. Revenue for FY2023 rose 25.5% to RM648 million from RM516.33 million amid higher sales in automotive parts.
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