Artroniq Bhd’s subsidiary, Artroniq iTech Sdn Bhd, has secured a RM100 million, two-year contract with American company Beno Inc to assemble and finish Reevo electric bicycles. Production will begin in early 2024 at a new plant in Batu Kawan, Penang. Artroniq plans to produce 2,000 e-bikes monthly, primarily for export. The collaboration includes future distribution in Southeast Asia and R&D for electric motorcycles. Artroniq remains focused on its ICT and manufacturing businesses.