Sunsuria Berhad ink MOU with Chinese high-tech firm IAT Automobile to develop Malaysia’s own EV brand

On April 4, 2023, Chinese high-tech firm IAT Automobile Technology Co., Ltd. (IAT) has announced a joint venture with Malaysian company Sunsuria Berhad to develop electric vehicles (EVs) and related products. The memorandum of understanding (MOU) was recently signed, and the companies plan to invest in Malaysia to carry out research and development (R&D) and innovation in the EV sector. The joint venture aims to create Malaysia’s independent-brand electric vehicles, with IAT bringing its expertise in EV technology, and Sunsuria Berhad offering its knowledge of the local market. Both companies will work together to establish an automotive design and innovation