Sapura Industrial and Mili Tech to accelerate EV growth

KUALA LUMPUR: 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 xEVrelated 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

SIB Group president, industrial business Fazal Othman Mohd Ghazali 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."

Mili Tech Sdn Bhd CEO Mohd Farid 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 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."