Hong Seng Consolidated acquires CSH Alliance’s EV division – aims to be contract assembler for EV brands
CSH Alliance is selling its electric vehicle (EV) business arm – Alliance EV (AEV) – to glovemaker Hong Seng Consolidated (HSC) for RM20 million cash. HSC’s acquisition of AEV is said to complement the former’s collaboration with US-based EoCell on setting up a local battery production hub. Earlier this year, […]
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