All about Perodua

Announced on July 19, 2024, MCE Holdings Berhad (MCE)’s wholly-owned subsidiary, Multi-Code Electronics Industries (M) Berhad, has secured a contract worth MYR 19.6 million from Perodua to supply various electronic and mechatronic components, including Multimedia Display Unit, Instrument Panel Cluster, Advanced Driver Assistance System, Functional Switches, Interior Lightings and more for Perodua's new EV.

This 3-year contract will start in Q2 of the Group’s financial year ending July 31, 2026.

MCE said this achievement is a testament that it can penetrate the EV market. The company added that its upcoming state-of-the-art facility in Serendah, the MCE Auto Hub will enable it to capture new demand in both local and overseas markets.

(From Bursa Malaysia announcement on July 19, 2024)

On May 21, 2024, Perodua revealed that its first-ever EV model, which is expected to be launched in late 2024 or in 2025, will be potentially priced above MYR 50,000 and below MYR 100,000.

Perodua believed that the EV ecosystem needs to be up first before it can afford to launch the model. Among Perodua’s concerns were (i) placing a second-hand value pricing mechanism in place, (ii) safety with EVs, (iii) range anxiety, and (iv) battery recycling.

At the Malaysia Autoshow 2024, Perodua held the public unveiling of its Electric Motion Online or emo-1 model, developed based on Perodua Myvi. Perodua's concept EV model project started in September 2022 in collaboration with Australian company EV North and local universities such as UPM, UniKL and Uniten.

The displayed emo-1 EV concept comes equipped with an AC permanent magnet synchronous electric motor and a 55.7 kWh capacity Prismatic Li-Ion Nickel Manganese Cobalt HV battery pack, delivering a peak/rated power of 120 kW/50 kW, a maximum torque of 220 Nm, and a driving range of 350 km.

(From an article of New Straits Times on May 21, 2024)

Reported on May 9, 2024, the Malaysian auto manufacturer Perodua has entered Bangladesh, under its partnership with PHP Motors, a subsidiary of the PHP Family.

An agreement was inked in April 2024 between Perodua and PHP Motors for the latter to assemble and sell Perodua vehicle models in Bangladesh.

PHP Motors has introduced Perodua Axia, Myvi, Bezza and Aruz in Dhaka. These 4 models are slated to be assembled at PHP Motors’ Saraipara Halishahar plant in Chattogram (formerly Chittagong). 

According to PHP Motors MD, other models of Perodua (the Alza and Ativa) were said to be assembled and launched in Bangladesh in the near future.

PHP’s factory has over 400 employees, the plant can assemble 36 cars in 3 shifts a day (12 in each shift). The company confirmed that the facility has been running at full capacity since 2019.

(From PHP Motors social media updates and an article of Paul Tan on May 9, 2024 and multiple sources)