Ni Hsin asks shareholders for the green light to grow in EVs

Ni Hsin Corp wants shareholder support to speed up its push into electric vehicles. The Malaysian company aims to strengthen its position in the EV sector, a fast-growing market in Southeast Asia and one that is becoming increasingly important for Europe as well.

The plan would help fund investment, development and production capacity. For the group, the goal is to turn its two-wheel and electric mobility business into a more solid and profitable industrial asset.