KUALA LUMPUR: Techna-X Bhd has entered into an electric vehicle(EV) market with development of a low voltage drive system.
The company via its subsidiary HK Aerospace Beidou New Energy Industry Technology Co Ltd (HKAB) today signed a joint venture (JV) agreement with Monika Mikac and Igor Pongrac, former co-founders of Rimac Automobili, a technology powerhouse in electrical hypercars together with Nordin Catic, a materials specialist and Benjamin Bozic, an electronic systems design expert.
The joint venture company has been registered as E-Rex d.o.o. (E-Rex). Techna-X will own 51 per cent equity of E-Rex while the co-founders will hold the remaining 49 per cent, Techna-X in a statement said.
According to Techna-X, E-Rex will initially focus on the development of a low voltage powertrain suitable for low voltage electric vehicle passenger cars and commercial vehicles up to 2.5 turbo, which currently using battery with 250 and 800 V voltage range for drivetrain.
This will include the design and development of key low voltage drive system (LVDS) components, that are suitable for small vehicles of low speed and power, industrial machines, forklifts, small boats and other commercial applications, it said.
Techna-X executive director Datuk Jared Lim said the company is excited to have these partners who are considered pioneers in the EV industry.
Given what they have achieved with Rimac Automobili in the supercar EV space, the company will be able to leverage on their experience and expertise to revolutionise the industry by developing a low voltage system, said Lim.
"There will be tremendous synergies with our ultra capacitor and super battery technologies.
"Together with our partners, our aim is to have E-Rex develop electric mobility solutions for new EV technologies. Our LVDS will be designed and patented by us where we will partner with or license to manufacturers of EV", said Lim.
E-Rex will develop systems for electric mobility that are competitive in price and performance to existing solutions in the market, and other solutions related to electric mobility including battery management system, advanced driver assistance systems (ADAS) and big data, that are suitable for commercial applications.
Lim said this powertrain will be competitive in price and performance compared to vehicles powered by internal combustion engines.
He said other areas that the company will cover include the development of ADAS with high accuracy only using camera, big data applied for ADAS and battery analytics and battery development with laboratory services.
"Companies will have to learn how to store the data properly and then extract relevant information.
"E-Rex will be a key player in providing electric mobility solutions and aims to capture the EV market in Asia," added Lim.