ACO Tech Partners Geno And MARii To Advance Malaysia’s EV Infrastructure With Blockchain Solutions
Smart mobility provider, ACO Tech, has formed a partnership with Geno and the Malaysia, Automotive, Robotics & IoT Institute (MARii) to advance Malaysia’s EV infrastructure. The Memorandum of Collaboration (MoC) will see the 3 parties delve into the potential of blockchain solutions to develop the local EV ecosystem.
The collaboration will explore various blockchain solutions such as smart contracts, digital traceability management of supply chains, tokenomics solutions, and privacy protection technologies, to complement ACO Tech’s E-Mobility Service Platform (EMSP). This initiative aims to ensure data privacy and ownership, enable data monetization, and benefit strategic investors through sustainable, long-term investments. The EMSP is the foundational layer of the government’s Connected Mobility Vision, designed to accelerate EV infrastructure development nationwide. 
ACO Tech, Geno, and MARii will leverage their combined expertise and capabilities to address key concerns associated with EV ownership such as charging port scarcity and inconsistent charging rates. By utilising blockchain technology, this alliance empowers EV manufacturers, service providers, and owners / users to engage through a tamper-proof decentralised ledger system. The objective is to reduce costs, enhance user experience and confidence, and establish seamless tracking and maintenance records. Additionally, it facilitates peer-to-peer energy and charger-sharing, ensuring transparency throughout the entire lifecycle of products and services.
Aligning with the New Industrial Master Plan (NIMP) 2030 and the National Energy Transition Roadmap (NETR), the government aims to achieve significant milestones in electrified vehicles (xEV) adoption. The government is trying to encourage an xEV adoption rate of 20% by 2030, 50% by 2040 and 80% by 2050. This will also support the realisation of the National Automotive Policy (NAP) 2020 by laying a solid foundation for the development of Next Generation Vehicles (NxGV), including EVs, and establishing a national EV-ready infrastructure through Mobility as a Service (MaaS) and blockchain as a service (BaaS).
“We are excited at the growth prospects of the mobility sector in Malaysia thanks to the Government’s support and progressive national policies. As a leading smart mobility solutions provider, ACO Tech is ready to share our knowledge and expertise as well as support all stakeholders in achieving national goals. We are confident collaborations such as ours with MARii and Geno are the way forward in accelerating and expediting a comprehensive and conducive EV ecosystem for Malaysia, with an emphasis on security. By addressing challenges and capitalising on opportunities, Malaysia can position itself as a leader in the EV revolution in Southeast Asia,” commented ACO Tech CEO, Mr. Li Pu.
Meanwhile, MARii CEO Mr. Azrul Reza Aziz expressed “Our collaboration with ACO Tech, a joint venture between PROTON, ECARX and Altel Communications, and Geno, marks a significant step forward in shaping the future of Malaysia’s EV ecosystem. By exploring blockchain solutions, we are not only addressing current challenges in the EV sector but also laying the groundwork for a secure and scalable infrastructure aligned with the National Automotive Policy 2020. By synergising our capabilities, we aspire to set new industry standards, promoting sustainable practices and user-centric innovations.”
Geno CEO Mr. Zhang Yi Ian expressed pride in the contributions of the Geno team to the project. “This initiative signifies the first industrial-grade application of a blockchain solution. The primary goal is to facilitate a transformative shift for participating enterprises towards a service-focused model. This strategic move is aimed at enhancing engagement with end-user customers, enabling earlier, deeper, and more enduring interactions.”
