The CSH Alliance, which has entered into a partnership with BYD Malaysia to distribute and market BYD commercial electric vehicles in the country, has announced plans to acquire land for its CKD assembly plant, They Report
In a filing with Bursa Malaysia, the investment holding company said it had offered to acquire three adjacent plots of industrial land totaling 55.3186 acres in Tanjung Malim, Perak, for RM12 million in cash. CSH Alliance said it had entered into a sale and purchase agreement with its wholly-owned subsidiary, Alliance EV (AV), Medium Visa for the proposed acquisition and Harapan Eringan.
Land will be used to set up an assembly plant for the preparation of CKD production of BYD T3 fully-electric commercial vehicles, aimed at the logistics and transportation industries. “The land acquisition is part of AEV’s strategic effort to meet MITI’s requirements for having a CBU (fully built-up), CKD and local assembly plant in the automotive sector. We are preparing this requirement in advance, “said Executive Director Peter Yap in a statement.
It added that the land acquisition would enable its EV business to start and grow and complement the group’s financial services business. AEV will work with the distribution and supply of BYD T3 as well as the after-sales service aspects of spare parts and warranty packages. One of T3’s clients could be Line Clear Express and Logistics, a logistics and courier company where CSH Alliance owns 15% equity interest.
The BYD T3 is a compact electric van measuring 4,460 mm long, 1,720 mm wide and 1,875 mm long, with a cargo volume of 3,800 liters. It is powered by an AC permanent magnet synchronous motor that offers 134 hp (100 kW) and 180 nm and has a top speed of 100 km / h among performance statistics.
Motor Juice is a proprietary BYD lithium-ion NCM battery with a capacity of 50.3 kWh, which allows the van to travel up to 300 km on a single charge. Charging via AC at 6.6 kW takes 7.6 hours to get from 0-100% state-of-charge, while a DC charging battery at 40 kW takes 1.3 hours to fully charge.