HO WAH GENTING BERHAD TO INTRODUCE SEIYONG S1 (LITTLE BEE) INTO MALAYSIA

KUALA LUMPUR, 23 MARCH 2021 – Ho Wah Genting Berhad (“HWGB” or the “Company”) (Bursa Stock Code: 9601) to inroduce Seiyong motor’s first pure electric vehicle, the Seiyong S1 into Malaysia. First launched in December 2019, the Seiyong S1, dubbed as the Little Bee is a smart electric vehicle that is capable of reaching 302km in one charge and it is time and cost efficient in recharging its power as well with only needing 40 minutes to reach full capacity.

The Seiyong S1 lasting battery life offers users a blissful and safe driving experience while not neglecting performance as it can reach a top speed of more than 110km per hour. With its slick exterior design and comfortable interior with a user friendly Heads-Up Display, it is priced reasonably at 70,000 to 90,000 Chinese Yuan (Approximately RM44,256 to RM56,900). The Seiyong S1 pride itself on its characteristic of “Good-Looking” (High Value), “Easy to Use” (High Performance), and “Fun” (High Intelligence) and it is mainly suitable for all the consumer groups from housewives and college students, to corporate executives and white-collar workers. It can meet the needs of both the urban and suburban people’s daily commute to work and leisure such as commuting to and fro work, picking up children to school, shopping for daily necessities and even outskirts travel.

The Seiyong S1 is produced by Seiyong Motor Co. Ltd (“Seiyong Motor”). Seiyong Motor was incorporated in Beijing in 2017 with a registered capital of 262.4 million yuan. Seiyong motor mainly purposed its product to provide customers a “super cost-effective solution” with an “excellent experience” while also meeting the users’ expectations in their daily life, work and travel.

Chief Executive Officer of HWGB, Dato’ Aaron Lim said: “The electric vehicle industry is still a growing industry and we firmly believe that the Seiyong S1 is able to push the electric vehicle industry in Malaysia into a brighter future. The innovative development strategy of Seiyong Motor has demonstrated that it has a strong market expansion plan and its core competitiveness is one of their factors to success. In the next 3-5 years, we believe that Seiyong Motor will eventually be a key player in the global electric vehicle industry with Seiyong S1.

https://mp.weixin.qq.com/s/JmpSpeYLNyrDFbds7OfEbw

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