On August 18, 2026, BYD Malaysia Sdn. Bhd. (referred to as "BYD Malaysia") signed an exclusive Memorandum of Understanding (MOU) with Malaysian bus manufacturer Bus Cap Berhad (referred to as "Bus Cap") in Shenzhen. The parties will focus on local assembly and manufacturing of electric buses as the initial cooperation priority, jointly advancing a strategic partnership in new energy commercial vehicles based in Malaysia for the Southeast Asian market.

　　Bus Cap is a listed bus manufacturer in Malaysia. Its core subsidiary, SHL Coach, has been rooted in Perak since 1968, possessing mature local manufacturing capabilities and market understanding. According to the MOU, the parties plan to collaborate on product localization, sales models, and after-sales services, and explore the establishment of local assembly and manufacturing facilities for electric buses in Perak. BYD will leverage its leading new energy technologies, comprehensive solutions, and global market promotion experience, combined with Bus Cap's local industrial base, to lay a solid foundation for the overall development of electric buses in Malaysia.

　　Luo Zhongliang, BYD Group Vice President and General Manager of the 15th Business Division and Commercial Vehicle Division, stated: "This MOU is a crucial step for BYD Malaysia in evaluating local opportunities in the electric commercial vehicle sector. Based on this cooperation, BYD will incorporate localization requirements to advance the R&D and production of various new energy buses, further explore diverse new energy commercial vehicle solutions, and continue to expand into the Southeast Asian market using Malaysia as a strategic pivot."

　　Bus Cap Executive Director Wong Chong Yang commented: "This MOU represents a significant step in Bus Cap's development since its listing. It will establish a competitive foundation for the assembly, manufacturing, and deployment of electric buses in Malaysia."

　　This partnership aligns with Malaysia's National Energy Transition Roadmap (NETR) and the direction of public transport electrification. The parties will use this as a starting point to deepen cooperation in the new energy commercial vehicle sector and jointly explore broader market opportunities in Southeast Asia.