General Electric and Malaysian automotive group Naza have signed a Memorandum of Understanding (MoU) to explore the potential for electric vehicles
in Southeast Asian nation. GE Asean chief executive officer, Stuart Dean, expects strong synergies to result from the collaboration and says that the joining of hands will be a catalyst for sustainable growth in several key economic sectors in Malaysia. In particular, Dean says that the electric vehicle segment will soon emerge as one of the sectors that will revolutionize the worldwide automotive industry.
GE is looking to tap Naza's experience and penetration of the local automotive industry in Malaysia to assume a leading position in the Asian nation's push to put electric vehicles on its roads. The MoU, signed last last week, is GE Malaysia's first-ever partnership with Naza Group of Companies
, a multi-industry Malaysian conglomerate.