Perodua Weighs RM500 Million Takeover of Tan Chong’s Serendah Plant for EV Expansion
2025/12/30
New car dynamics
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Paul Tan
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Perodua Weighs RM500 Million Takeover of Tan Chong’s Serendah Plant for EV Expansion
Perodua is exploring a RM500 million acquisition of TCMA’s Serendah plant, sources tell The Edge. The 40k-unit-capacity site, only 3 km from Perodua’s headquarters, already leases 30k units annually for QV-E EV paint and assembly, generating RM80 million for cash-strapped Tan Chong whose overall utilization hovers at 13%. The deal would lift Perodua beyond its current 320k maximum output and secure dedicated EV capacity, while Tan Chong monetizes excess assets.
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