BYD Malaysia and local manufacturer Bus Cap signed an agreement in Shenzhen to develop a joint electric commercial vehicle platform in Perak. The deal targets local electric bus assembly and manufacturing. It also covers sales and after-sales operations.
Under the exclusive memorandum, the partners are evaluating assembly sites and supply chains across the northwestern state. Capital commitments and operating structures depend on definitive contracts.
Expanding Beyond Bus Fleets
Bus Cap listed on Bursa Malaysia’s ACE Market in June 2026. Its coach-building roots date back to 1968 through subsidiary Sin Hock Leong Coach Works. BYD commercial vehicle division general manager Luo Zhongliang said the venture could broaden into electric trucks, vans, forklifts, and rail transit hardware. These would serve Malaysia and neighboring Southeast Asian markets.
Executive director Bernard Ng Chong Yan said the alliance pairs BYD vehicle technology with local engineering. It also uses existing fleet customer relationships.
Questions Over Passenger Plant
The commercial venture gives BYD another production foothold in Malaysia as uncertainty surrounds its separate passenger car plans. In August 2025, BYD announced a 600,000-square-metre Tanjung Malim assembly plant scheduled for the second half of 2026. Malaysia’s Ministry of Investment, Trade and Industry said earlier this month that it has received no confirmation that BYD will proceed with that project as planned.
Negotiators must now finalize binding agreements to lock in the Perak project’s investment budget and production start date.
