KUALA LUMPUR, May 5 -- Wuling Bingo EV will be released in Malaysia later this year. Not only that, the subcompact electric hatchback will be assembled in Malaysia by Tan Chong Motor (TCM) in its long-established assembly plant in Segambut, Kuala Lumpur.

In Malaysia, the EV will be known as the TQ Wuling Bingo. Being a Completely Knocked-Down (CKD) vehicle, this means that Bingo EV can be sold here at a much lower price than RM100,000 floor price than the government currently imposed on fully imported Completely Built-Up (CBU) EVs.

Hence, TCM is planning to sell the new TQ Wuling Bingo in Malaysia for under RM100,000 in Q4 this year. The company will also be responsible for distribution and aftersales for the new EV as well as future TQ...