Nexgram partners China’s Zhida

PETALING JAYA: Nexgram Holdings Bhd is partnering with China’s Shanghai Zhida New Energy Automobile Public Support Development Co Ltd to make Malaysia the main distribution hub for electronic vehicle (EV) charging products and services in Southeast Asia.

Nexgram, which is involved in telecommunication, software, surveillance, real estate, and infrastructure business investment, told Bursa Malaysia that its wholly owned subsidiary Nexgram Industries Sdn Bhd had on April 12 entered into a strategic cooperation framework agreement with Zhida Group for the collaboration.

Zhida Group is the leading EV home charging service provider in China. Its services include EV charger installation, EV charger maintenance and charger development with clients such as Volvo, Nissan and Porsche.

The agreement between Nexgram and Shanghai Zida covers cooperation in localised implementation of technology and resources in new energy automotive industry, such as smart travel hardware and national internet high-tech products, urban EV charging platform, EV master planning and operation.

As this is technology new to the Southeast Asia region, Nexgram said both parties agreed that no expiry date will be set for the agreement and Malaysia will be the sole distribution hub.

The collaboration requires an initial investment of RM10 million, and Nexgram will inject 85% and Zhida Group 15%.