VCI Global to acquire a 51% stake in RTCAR Mexico.

VCI Global, a Malaysia-based diversified business and technology holding company, agreed to acquire a 51% stake in RTCAR Mexico, a Mexico-based automotive assembly and manufacturing platform focused on delivering solutions for global automotive OEMs and tier-1 suppliers. Financial terms are not disclosed. “We are not simply acquiring manufacturing capacity; we are securing control of a proven automotive platform with an experienced team and a clear pathway to scaled production. By acquiring a controlling stake in RTCAR Mexico, we are establishing a strategic foothold in the North American automotive supply chain, accelerating our transition into industrial-scale EV and SUV manufacturing, and diversifying VCI Global’s earnings base toward asset-backed, recurring industrial revenue. We anticipate the first vehicle delivery in Q4 2026, marking the beginning of a multi-year growth trajectory,” Dato’ Victor Hoo, VCI Global Group Executive Chairman and CEO.