This 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.
It extends Treeletrik’s regional presence as a key player in promoting electric mobility, supporting Asean’s energy transition agenda.
Treeletrik is a Malaysian home-grown electric vehicle (EV) maker with a presence in the Asean market and is a subsidiary of Ideanomics.
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.
“Treeletrik is a pioneer in bringing true electric motorbikes from Malaysia to the Asean region and beyond, spearheading a new way of mobility.
“We are thrilled to further our efforts on the regional stage through this partnership with PT Pasifik Sakti Enjiniring and PBNU in Indonesia to provide a transportation option that is clean, safe, and affordable, with our advanced EV technology,” said Treeletrik chief executive officer Viswananthan Menon.
The agreement, which spans three years, will see the company supply electric motorcycles for the Indonesian market that will be jointly marketed by PT Pasifik Sakti Enjiniring and PBNU.
Besides that, a joint venture between Treeletrik and PT Pasifik Sakti Enjiniring is in the pipeline to establish an assembly plant in Indonesia in anticipation of growing demand for the electric motorcycles.
The new electric motorbike range, certified in Europe and Malaysia with UNECE WP.29, will feature Treeletrik’s signature quick swap lithium battery technology that gives it a travel range of 85km to 120km with an average speed of 65kph to 90kph.
Aligned with the Indonesian government’s acceleration of the battery-based electric motor vehicle programme, the Indonesian parties are optimistic about demand and set sales targets at 10,000 units for the year 2021 and completing the 200,000 units by end of 2023.
In preparation to fulfil its growing order books, the company is investing in its assembly, production, and marketing facilities, initially in Selangor and later at a new facility in Gebeng, Pahang.
It also plans to establish an assembly plant in Indonesia to streamline supply chain efficiencies and improve margins through local assembly in markets with sufficient demand.
Treeletrik began exporting an estimated 50 units of electric motorbikes to Thailand and Indonesia in 2020, with an additional 15,000 units due to be exported this year.
The company has also set its sights on Philippines and Cambodia for potential customers.
“The sizeable orders secured to date and ongoing discussions with other countries expressing keen interest on Treeletrik’s e-bike range, will result in significant expansion in both Malaysia and international operations of Treeletrik,” added Menon.