Business
Treasure Global’s Subsidiary Tadaa Technologies Partners with Anhui Fuyuan Group to Accelerate Global Drone and Electric Mobility Expansion
Malaysia hub to serve Europe and North America, targeting scalable global distribution and next-generation defense applications KUALA LUMPUR, Malaysia, April
About this update from Treasure Global Inc.
[{"type":"text","content":"Malaysia hub to serve Europe and North America, targeting scalable global distribution and next-generation defense applications\nKUALA LUMPUR, Malaysia, April 01, 2026 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored technology company, today announced that its subsidiary, Tadaa Technologies Sdn Bhd has signed a strategic Memorandum of Understanding (MOU) with Anhui Fuyuan Electromechanical Technology Co. Ltd., establishing a framework to explore expansion into high-growth electric mobility and advanced technology markets. Under the MOU, the collaboration is intended to explore a Malaysia-based hub for electric mobility solutions, with potential expansion into military-grade drones and next-generation mobility technologies, serving Europe and North America. Leveraging Anhui Fuyuan Group’s manufacturing expertise and Treasure Global’s global market strategy, the initiative positions the Company to potentially capitalize on scalable international distribution for both commercial and emerging defense-related applications, subject to regulatory approvals and definitive agreements. Global demand for unmanned aerial systems and sustainable mobility solutions is surging. The commercial drone market alone is projected to grow from USD 30.02 billion in 2024 to USD 54.64 billion by 2030, driven by automation, smart logistics, and environmentally conscious industries. Beyond commercial deployment, the partnership aims to develop military-grade drone capabilities, enabling entry into defense and security sectors with high-margin potential, subject to regulatory approvals. Recent fuel price increases due to ongoing global conflicts are accelerating the shift toward green energy and cost-efficient transportation solutions. This trend is driving rising demand for E-bikes and other electric mobility devices, creating immediate market opportunities for Treasure Global’s Malaysia hub to efficiently serve the markets of Europe, North America, and Asia-Pacific. “This partnership represents a pivotal step in delivering sustainable, high-growth technology solutions across commercial and defense sectors. By integrating advanced mobility and drone technologies with global distribution capabilities, we are creating a platform for long-term growth and shareholder value,” said Sam Teo, ...