Perodua and Tan Chong Motor Holdings have formalised a three-year agreement supporting production of Perodua’s QV-E electric vehicle at Tan Chong’s Serendah facilities.
Tan Chong told Bursa Malaysia that subsidiary Tan Chong Motor Assemblies Sdn Bhd (TCMA) had signed a master agreement with Perodua Sales Sdn Bhd covering electro-deposition coating, paint-line services, rental of a designated assembly line and related services for Perodua’s battery-electric vehicle project.
The agreement runs from June 1, 2026 to May 31, 2029, with Perodua given an option to extend it for another two years.
Perodua will pay TCMA service fees and rental charges, while also taking responsibility for the required manufacturing approvals, permits, licences, regulatory compliance and insurance for its project equipment.
Tan Chong said the deal is expected to contribute positively to group revenue and earnings from the financial year ending Dec 31, 2026.
The master agreement follows a letter of intent signed by TCMA and Perodua Sales in November 2025 covering similar coating, painting and assembly-line services.
While the Bursa filing refers only to Perodua’s BEV project and does not name the QV-E, the arrangement has been linked to production support for Perodua’s first electric car.
Perodua launched the QV-E in December 2025 and said it was produced at its new Smart Mobility Plant. Initial capacity was 500 units a month, with a target of 3,000 units monthly by the third quarter of 2026.
By June, Perodua said output had risen above 500 units a month as localisation increased.
Separately, Perodua offered an additional RM10,000 Malaysia Day rebate on the QV-E this week, temporarily cutting the price to RM53,499 with its Battery-as-a-Service package or RM77,499 for outright purchase. The offer came on top of an existing RM6,500 limited-time rebate introduced after Perodua lowered QV-E pricing in June.
