The models, the TAILG EBIXON BOLD and TAILG EBIXON TORQ, in the personal and commercial use categories, respectively, are assembled at the Group's manufacturing facilities in Seri Kembangan,
The Group started selling coffee from motorcycles in line with BLACKBIXON's concept of cafe@home cafe@office cafe@anywhere where the BLACKBIXON Coffee Bike can quickly deliver coffee ordered through e-commerce platforms.
Khoo explained, "The first motorcycle we experimented with was an internal combustion engine (ICE) motorcycle which was not efficient as it was burdensome and costly, and we wanted a vehicle that is environmentally friendly. After a series of trials and experiences, an electrical motorcycle that was clean and has zero tailpipe emission was successfully developed, as our BLACKBIXON Coffee Bike last year."
"We soon realised that there is a market for this purpose-built machine. The COVID-19 pandemic brought about a spike in e-commerce and hence the demand for delivery services. Motorcycles are a popular choice for its quicker delivery time and low maintenance. In light of global warming, EV motorcycles make perfect sense as they are energy efficient and cheaper to maintain."
"There are lots of opportunities for the use of EVs, with the government providing incentives in the form of tax reliefs for the assembly or manufacturing of EVs, component parts, and the development of EV ecosystems such as charging facilities. The government as well as government-linked companies (GLCs) are also expected to adopt the use of EVs. Also, the global electric scooter and motorcycle market is estimated to grow at a CAGR of 10.2% to
"Our target is to sell 15,000 units of TAILG EBIXON EV Motorcycles a year over the next three years covering the
The Group's venture into the manufacture and assembly of EV motorcycles underscores its commitment to social and environmental responsibilities while creating a green revenue stream in carbon trading, in which emissions are treated as either carbon credits or offsets that can be sold in a carbon market such as Bursa Securities Malaysia Berhad's voluntary carbon market (Bursa VCM), to be opened by the end of 2022.
Ni Hsin's EV motorcycle business generates carbon offsets that can be sold to other companies to reduce their carbon footprint. The Bursa VCM will, besides providing transparency in the carbon credit market, boost investments in high-quality offsetting projects such as planting trees or shifting to cleaner fuels.
In conjunction with the unveiling of the two TAILG EBIXON EV Motorcycle models, Ni Hsin will also sign Memorandum of Agreements with several esteemed and well-connected organisations, including MIMOS Berhad,
Ni Hsin Group Berhad: NIHSIN [
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