Mirzan-controlled Betamek ends collaboration with Krakatoa Technologies to develop EV battery management system.
Betamek is in a unique position to leverage on the growing EV market as hybrid, electric and autonomous vehicles gain global market share, says managing director Mirzan Mahathir.
In a filing with Bursa Malaysia today, Betamek said the notice of termination of the MoU, which requires a three-month notice period, was served on June 12 and was terminated effective today. Mirzan, the eldest son of former prime minister Mahathir Mohamad, holds a 72% stake in Betamek via Iskandar Holdings Sdn Bhd.
He added Betamek is in a unique position to leverage on this growing market as hybrid, electric and autonomous vehicles gain global market share.
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