Artroniq clinches RM100m deal to assemble, finish Reevo e-bicycles

KUALA LUMPUR: Artroniq Bhd’s subsidiary Artroniq iTech Sdn Bhd has been awarded a RM100 million, two-year contract by American company Beno Inc for the assembly and finishing of the Reevo series of electric bicycles – marking its entry into the electric vehicle (EV) industry. Artroniq executive director and CEO Kent Liaw Way Gian said it is taking over from another party whose Reevo e-bike assembly and finishing contract with Beno has ended. “We are allocating RM5 million to buy a plant in Batu Kawan, Penang, with the assembly and finishing of the e-bike to start this February or March,” he said at a