MVL signed an MOU with CEVO Mobility to produce and sell micro-electric commercial vehicles.
Cevo Mobility is a subsidiary of Cammsys which conducts EV businesses such as manufacturing and selling electric vehicles.
Through the partnership, MVL will begin to expand its logistics services in Southeast Asia. To add logistics services to TADA's original ride-hailing service, MVL will utilize micro-electric vehicles manufactured by Cevo and apply MVL's blockchain-based management system to the vehicle for a swift and safer logistics system. Based on the partnership, both companies will create a synergy effect for supplying commercial electric vehicles and expanding logistics services in Southeast Asia.