KUALA LUMPUR (Jan 11): WTC Automotif (M) Sdn Bhd (“WTCA”), a wholly-owned subsidiary of Warisan TC Holdings Berhad (“WTCH”) has entered into a distribution and service agreement with GAC AION New Energy Automobile Company Limited (“GAC AION”) to sell, distribute and service GAC AION’s electric vehicles (EVs) and spare parts in Malaysia.

This marks an exciting chapter in WTCA’s journey. The agreement will provide both parties with opportunity to cooperate with each other and study potential business opportunity to expand their respective Group’s foothold in the automotive industry in Malaysia. This agreement affirms the Group’s unwavering commitment to meeting its customers’ diverse needs by delivering wider product range and more efficient service quality. It is also a testament to the company’s dedication to Economic, Environmental, Social, and Governance (EESG) principles, aligning with its objective of achieving long-term sustainable business growth.

WTCA plans to launch its first EV in the first half of 2024. The Group is ready to work closely with GAC AION to introduce this exciting entrée to Malaysia’s popular EV market in a timely manner.