KUALA LUMPUR: Greatech Technology Bhd has entered into a strategic partnership with US-based start-up firm to develop electric vehicle battery pack production line in Arizona.The strategic partnership arrangement with Atlis Motor Vehicles Inc started on Feb 1 and is effective for an initial term of three years. "Greatech Group will serve as Atlis' strategic partner for comprehensive battery pack assembly production line and will supply all parts, equipment, and machinery required to form Atlis limited-run prototype battery pack assembly line," the company said in a filing with Bursa Malaysia today. "If the prototype lines meet Atlis’ performance and quality expectations, Greatech will explore the development of high-volume lines designed to produce thousands of packs per month," it added. Atlis is developing a fully electric vehicle platform, proprietary battery cells and packs, and the necessary charging infrastructure to recharge a 500-mile range battery in less than 15 minutes. "Currently, Atlis is nearing the advance stage of its battery pack development that meet all necessary specifications and intends to move to small-scale production at its headquarters, in Arizona," Greatech said. "Contingent upon raising sufficient capital and funding to purchase the equipment, Atlis agree to engage Greatech as the sole equipment supplier for its prototype battery pack assembly line at Atlis' headquarter," it added.
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