since 1976
since 1976
As Malaysia steps up its efforts towards achieving a sustainable, electrified future, Sapura Industrial Berhad (SIB), through its wholly owned subsidiary, SIB Ventures Sdn Bhd, has executed binding heads of agreement with Mili Tech Sdn Bhd to enter into a joint venture (JV) through SIB Mili Sdn Bhd.
The collaboration, based on the successful outcome of feasibility studies initiated after a Memorandum of Understanding (MOU) signed on 24 April 2024, positions the joint venture as a key player in electrified vehicle (xEV) products and services.
The formation of SIB Mili Sdn Bhd focuses on critical areas that directly support Malaysia’s push for
sustainable mobility:
*After-sales service and maintenance for xEVs.
*Refurbishment, repurposing, and recycling (3R) of xEV batteries to reduce environmental impact.
*Training and certification for the upskilling of local talent to meet the growing demand for xEV- related expertise.
SIB Mili Sdn Bhd will commence operations in Kajang. Three new flagship service centres will be opened over the next three years.
This joint venture aligns with Malaysia’s broader national vision for increased electric vehicle (EV) adoption, as outlined in the Low Carbon Mobility Blueprint (2021-2030) and the National Automotive Policy (NAP 2020), which aim to position the country as a regional hub for next-generation vehicles, while also promoting sustainability and resource efficiency.
Fazal Othman Mohd Ghazali, President, Industrial Business, SIB Group said:
"This joint venture strengthens our commitment to innovation and sustainability, while also helping to build a robust ecosystem for xEVs in Malaysia. Our focus on battery recycling and talent development is key to ensuring long-term success in the electrification journey."
This partnership comes at a time when Malaysia is ramping up efforts to enhance its xEV ecosystem, which is pivotal to achieving the government’s goal of 15% electric vehicle adoption by 2030. By leveraging the combined strengths of Sapura Industrial Berhad and Mili Tech Sdn Bhd, SIB Mili Sdn Bhd is poised to contribute significantly to Malaysia’s xEV sector and the broader sustainability agenda.
Mili Tech Sdn Bhd’s Chief Executive Director & Founder, Mohd Farid bin Abd Manaf, said: "Malaysia is at the cusp of a transformative era in mobility. This joint venture comes at a critical juncture as the country pushes for greater adoption of green technologies. Our collaboration will enhance the xEV landscape in Malaysia by providing innovative services, while also supporting the country’s broader sustainability goals. This partnership allows us to contribute to a circular economy, ensuring that the shift to electric vehicles is not only efficient but also environmentally responsible."
Fazal Othman Mohd Ghazali from SIB Group, added:
"The timing of this partnership aligns perfectly with Malaysia’s growing EV sector. By offering comprehensive services that cover the entire xEV lifecycle—from maintenance to battery recycling - we are well-equipped to support the country's transition to greener mobility. With our immediate expansion plans, we aim to lead the way in building a more sustainable future for Malaysia."
Malaysia’s commitment to becoming a leader in electric vehicles is underscored by key initiatives such
as:
*The Low Carbon Mobility Blueprint (2021-2030), which seeks to reduce carbon emissions from the transport sector.
*The National Automotive Policy (NAP 2020), which promotes next-generation vehicles and green technologies.
*Ongoing incentives for electric vehicle ownership, including tax exemptions and subsidies for EV charging infrastructure.
SIB Mili Sdn Bhd will play a key role in helping to achieve these goals by providing innovative solutions that promote sustainability and efficiency within the xEV ecosystem.
