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2 April 2021 5:27 pm / 16 comments Kia Motors’ partnership with Bermaz Auto (BAuto) will see the formation of a new company – Kia Malaysia Sdn Bhd (KMSB) – which will undertake local assembly (CKD) of the brand’s vehicles in Malaysia. However, it will be some time before CKD operations can begin, according to BAuto executive chairman Datuk Seri Ben Yeoh. During a Q&A session following a media event to formalise the deal, Yeoh said it could take between 12 and 18 months before the start of CKD operations, with an intital direct investment of approximately USD20 million (around RM82.8 million) to ready the production line. ....
BAuto partners Kia in automotive production, secures distribution rights 02 Apr 2021 / 00:04 H. PETALING JAYA: Kia Motors Corp and Bermaz Auto Bhd (BAuto) have formed a strategic partnership to drive the expansion of production and/or assembly of Kia vehicles in Malaysia. A newly incorporated company to be known as Kia Malaysia Sdn Bhd (KMSB) will be formed to undertake the assembly of completely knocked down (CKD) Kia vehicles in Malaysia. To start with, three models are planned under the Kia JV for the Malaysian market whereby Kia Seltos and Kia Carnival are slated for start of production under this new set-up while the third model will be determined at a later stage. Kia intends to make KMSB the regional manufacturing hub for its Kia brand of vehicles in Asean countries and other potential markets. ....
BAuto partners Kia in automotive production, secures distribution rights thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.