noco-noco Amps Up the EV Race with Strategic Assemblepoint Acquisition

noco-noco Inc. acquires 51% of Japanese EV manufacturer Assemblepoint, promising to revitalize the global EV market

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The $3.6 million deal, pivotal for environmental and transportation challenges, is set to complete in early 2024

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Assemblepoint’s Smart Bus, designed in Japan, merges quality with cost-effective local assembly in the Philippines

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noco-noco's X-SEPA™ battery technology withstands extreme temperatures, enhancing EV longevity and reducing leasing costs

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The acquisition eyes expansion into emerging EV markets including Sri Lanka and Kenya

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CEO Matsumura foresees the partnership capturing over 10% of the Philippines’ commercial vehicle market by 2030

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Assemblepoint's manufacturing precision aims for over 2,000 units by 2025, targeting various mobility sectors

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The deal hinges on due diligence, shareholder approval, and regulatory consents.

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noco-noco's strategy aligns with global carbon-neutral goals, offering sustainable, smart, and affordable energy solutions

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