Sunsuria has announced it plans to work with two Chinese firms to set up a smart logistics park in Malaysia, as well as an automotive design and innovation centre. The latter will focus on product research and design, talent development, and other initiatives to improve operational efficiency for the automotive industry in the ASEAN region.
During the Second Belt and Road Forum for International Cooperation in Beijing, the property developer signed a strategic cooperation agreement (SCA) with Chinese automotive design and engineering firm IAT Automobile Technology (IAT), as well as a memorandum of understanding (MoU) with Chinese logistics provider Sinotrans.
Sunsuria’s agreeement with IAT will lead to a new ASEAN Automotive Design and Innovation Center (AADIC), leveraging on IAT’s expertise as one of China’s leading independent automotive design and engineering firms, with experience in designing and developing cars for several Chinese automakers.
“The AADIC that will be set up is to be the main operation centre to import electric vehicles that have been legally modified in China, and to obtain a car-sharing operations license in Malaysia. Sunsuria’s flagship integrated development, Sunsuria City, will be the launchpad of the first fleet of 100 imported electric vehicles,” Sunsuria stated.
Meanwhile, Sunsuria’s deal with Sinotrans will see the establishment and operation of a logistics-related business in Malaysia, which is in line with China’s Belt and Road Initiative. Sinotrans is one of China’s largest third party logistics providers that is primarily engaged in freight forwarding, and is listed on the Hong Kong Stock Exchange and the Shanghai A-Share Market.
“The proposed joint venture stands to benefit from Malaysia’s strategic geographical location as a regional logistics hub, as well as upcoming projects such as the Malaysian-China Kuantan Industrial Park, Regional Logistic Hub, East-Coast Rail Link Project Logistic and E-Commerce Business,” Sunsuria said in a statement.
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