Treeletrik Enters Partnership To Supply 200,000 Electric Motorbikes To Indonesia
Treeletrik Enters Partnership To Supply 200,000 Electric Motorbikes To Indonesia
Apr 20, 2021
Homegrown electric vehicle maker, Tree Technologies Sdn Bhd (also known as Treeletrik), has signed a partnership deal to supply 200,000 electric motorbikes to Indonesia. The company will supply its Treeletrik electric motorbikes via distributors, PT Pasifik Sakti Enjiniring and Nahdatul Ulama Board (PBNU).
This partnership will expand Treeletrik’s regional presence and reinforce its position as a key player in promoting electric mobility, supporting ASEAN’s energy transition agenda. Tree Technologies is a subsidiary of Ideanomics (NASDAQ: IDEX), which is headquartered in USA and has operations China, Ukraine, Malaysia and USA. Ideanomics acquired 51% ownership of Treeletrik in 2019. The company had since begun organising itself for growth in the ASEAN region to tap the region’s heavy reliance on two- a
15 Apr 2021 / 21:39 H.
PETALING JAYA: Tree Technologies Sdn Bhd (Treeletrik), a Malaysian home-grown electric vehicles (EV) maker with a presence in the Asean market and a subsidiary of Nasdaq-listed Ideanomics, has signed a partnership to supply 200,000 units of its fully electric motorbikes to Indonesia via distributors PT Pasifik Sakti Enjiniring and the Nahdatul Ulama Board (PBNU).
The partnership extends Treeletrik’s regional presence as a key player in promoting electric mobility, supporting Asean’s energy transition agenda.
The partnership positions Malaysia as a key EV manufacturer and first regional supplier to export units in Asean, in line with the region’s evolving energy landscape. The region’s ultimate goal of decreasing the level of final energy consumption in the road transport sector by 2040 paves the way for EV makers like Treeletrik to continue building a progressive EV ecosystem.
Malaysian e-bike maker Treeletrik inks RM1.13 billion deal to supply 200,000 electric motorbikes to Indonesia
15 April 2021 2:18 pm / 4 comments
Malaysian e-bike maker Treeletrik has signed a partnership to supply 200,000 units of its 100% electric motorbikes to Indonesia via distributors PT Pasifik Sakti Enjiniring and the Nahdatul Ulama Board (PBNU). The multi-year deal, which is valued at US$274 million (RM1.13 billion), will see a minimum of 10,000 units being exported to Indonesia in 2021, followed by up to 90,000 units in 2022 and 100,000 units in 2023.
Aligned with the Indonesian government’s Acceleration of the Battery-Based Electric Motor Vehicle Programme, the Indonesian parties are optimistic about demand and have set sales targets at 10,000 units for 2021 and completing the 200,000 units by end of 2023.