Motorcar Parts of America’s EV Subsidiary D&V Electronics Establishes Distribution Partnership for Southeast Asia
LOS ANGELES: Motorcar Parts of America, Inc. has announced its wholly owned subsidiary D&V Electronics, based in Woodbridge, Ontario, has established a non-exclusive strategic distribution partnership with Singapore-based TME Systems Pte Ltd. Terms were not disclosed.
“The partnership enhances our presence within Southeast Asia and leverages D&V’s reputation for leading-edge testing and diagnostic equipment utilized in the development and production of electric vehicles,” said Selwyn Joffe, chairman, president and chief executive officer.
“Expanding our global presence through commercial distribution partnerships complements our ongoing strategic growth initiatives and provides strong local support for our products and services. We look forward to working with TME systems to take advantage of the exciting opportunities in Southeast Asia,” said Bill Hardy, chief executive officer of D&V Electronics.
“With the ongoing transformation of the automotive industry, we are extremely excited to establish a partnership with DV Electronics. DV Electronics and TME Systems Pte Ltd share the same vision to expand our presence in Southeast Asia. With the rapid adoption of electric and autonomous vehicles in this region, we see immense growth opportunities for both companies,” said Ronald Soo, managing director of TME Systems Pte Ltd.