VCI Global Signs Binding Term Sheet to Acquire Controlling 51% Stake in RTCAR Mexico, Secures Tier-1 Production Hub for Global Automotive Giant’s North American Expansion

Rhea-AI Summary

VCI Global (NASDAQ: VCIG) signed a binding term sheet to acquire a 51% controlling stake in Mexico-based RTCAR Mexico, an operational automotive assembly and manufacturing platform. The deal gives VCI Global a Tier‑1 production hub to support a global OEM’s North America expansion, with an existing MOU expected to convert to a definitive offtake agreement in January 2026. The company expects the first vehicle delivery in Q4 2026, and positions RTCAR Mexico as a USMCA‑ready, export-capable facility serving SUV, hybrid, and electrified models.

Key contextual figures cited include a North American vehicle production level of ~16.1 million units (2024) and an addressable regional market estimate of ~US$1.23 trillion (2025).

Positive

• 51% controlling stake secures operational control immediately
• Existing MOU provides offtake visibility for production
• First vehicle delivery expected Q4 2026
• USMCA‑ready facility in Mexico supports exports to North America

Negative

• Definitive offtake agreement not yet signed; conversion expected Jan 2026

Key Figures

Stake acquired 51% equity interest Controlling stake in RTCAR Mexico under binding term sheet

First vehicle delivery Q4 2026 Expected initial delivery from RTCAR Mexico for global OEM

Market size US$1.23 trillion North American automotive market value in 2025 (IMARC Group)

Market CAGR 5.4% Projected North American automotive CAGR through 2034

Regional production 16.1 million units Motor vehicle output in US, Mexico, Canada in 2024

Mexico share Over 20% Mexico’s share of North American vehicle production

Market Reality Check

$0.6390 Last Close

Volume Volume 705,520 is about 75% below the 2,844,159 20-day average, suggesting muted pre-news positioning. low

Technical At 0.639, shares trade well below the 200-day MA of 67.73, reflecting a deeply weakened longer-term trend.

Peers on Argus

Key peers AERT, INTJ, GRNQ, ROMA and FORR show same-day declines between -0.28% and -2.93%, while VCIG was up 3.1%, indicating stock-specific drivers rather than a sector-wide move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 19	Solar AI energy deal	Positive	-8.5%	MoU for up to 250MW solar platform supporting AI data centres.
Dec 12	Capital structure move	Positive	-2.2%	Conclusion of ELOC to simplify capital structure and refocus strategy.
Dec 04	IPO spin-off plan	Positive	+17.9%	Spin-off of VCCG at US$168M valuation under dual-track IPO strategy.
Dec 02	RWA mandate win	Positive	+0.9%	US$200M consultancy mandate for Bridge Gold stablecoin project.
Dec 01	Strategic pivot	Positive	-6.3%	Transformation toward AI infrastructure, stablecoin payments and RWA advisory.

Pattern Detected

Recent strategically positive news has often met with mixed or negative next-day reactions, with more divergence than alignment between news tone and price.

Recent Company History

Over the past month, VCIG issued multiple strategic updates, including a transformation toward AI and digital assets on Dec 1, 2025, a US$200 million RWA mandate on Dec 2, and a US$168 million-valued VCCG spin-off on Dec 4. Subsequent announcements covered ELOC conclusion and a large solar initiative of up to 250 MW. Price reactions ranged from -8.51% to +17.91%, showing that even substantial initiatives have produced inconsistent short-term trading responses compared with their generally positive strategic framing.

Market Pulse Summary

This announcement outlines VCIG’s move to acquire a 51% stake in RTCAR Mexico, adding an operational automotive manufacturing platform aimed at serving a global OEM’s North American expansion. It highlights a large regional market of US$1.23 trillion with projected 5.4% CAGR and vehicle delivery targeted for Q4 2026. In context of earlier digital and automotive acquisitions, key factors to watch include completion of definitive agreements, integration progress, and realization of planned multi-year production volumes.

Key Terms

original equipment manufacturer technical

"a leading global automotive original equipment manufacturer (OEM) expanding its footprint"

An original equipment manufacturer (OEM) is a company that designs and builds parts or complete products that other firms sell under their own brand name, like a bakery making cakes that coffee shops rebrand and sell. Investors care because OEMs often win steady, long-term contracts, predictable production volumes and thin but scalable profit margins, so changes in their order book or supply chain can signal future revenue and risk for both the OEM and the brands that rely on it.

oem technical

"The automotive partner is a global OEM with a substantial sales and distribution presence."

OEM stands for Original Equipment Manufacturer, which is a company that produces parts or components used in the final products made by other companies. For investors, understanding OEMs is important because their performance can impact the supply chain and overall success of major industries, especially those relying on specialized parts. Think of OEMs as the suppliers that provide the building blocks for larger products, like the engine parts for a car.

usmca regulatory

"supply chain optimization, and USMCA-compliant operations, positioning the platform"

USMCA is a trilateral trade agreement that sets the rules for buying, selling and investing across the United States, Mexico and Canada. Investors care because it acts like a regional rulebook for supply chains, tariffs and market access—changes to those rules can alter costs, profitability and where companies choose to make or sell products, creating winners and losers across industries.

cagr financial

"and is projected to grow at a compound annual growth rate (CAGR) of 5.4%"

Compound Annual Growth Rate (CAGR) measures the average yearly growth of an investment, revenue, or other metric over a multi-year period as if it had grown at a steady rate each year. Think of it like the constant speed that would take you from the starting value to the ending value over the same time—useful because it smooths out ups and downs and lets investors compare different assets or performance periods on an even footing.

offtake agreement financial

"MOU is expected to convert into a definitive offtake agreement in January 2026"

A contract in which a buyer commits to purchase a set portion or percentage of a producer’s future output—such as minerals, energy, agricultural goods, or manufactured products—often over a multi‑year period. It matters to investors because it creates predictable sales and cash flow, reduces the risk of unsold inventory, and can make projects easier to finance; think of it like pre‑selling future harvests or securing long‑term customers before production begins.

AI-generated analysis. Not financial advice.

Existing MOU with Global Automotive Giant Serves as Guaranteed Offtaker for EV and Hybrid Production; First Vehicle Delivery Expected in Q4 2026

KUALA LUMPUR, Malaysia, Dec. 29, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced that it has entered a legally binding term sheet to acquire a 51% controlling equity interest in RTCAR Comercializadora de Suministros Automotrices, S.A. de C.V. (“RTCAR Mexico”), a premier Mexico-based automotive assembly and manufacturing platform. The acquisition provides VCI Global with an immediately operational, scalable industrial base to support high-volume production for a leading global automotive original equipment manufacturer (OEM) expanding its footprint in North America.

Experienced Automotive Leadership and USMCA-Ready Operations

RTCAR Mexico is led by a seasoned management team with extensive experience across global automotive OEMs and Tier-1 suppliers, including senior leadership roles at Fortune 500 companies. The team brings deep expertise in North American manufacturing, supply chain optimization, and USMCA-compliant operations, positioning the platform to meet international standards for quality, cost, and delivery.

The North American automotive industry is a cornerstone of regional manufacturing and global supply chains. According to IMARC Group, the market was valued at approximately US$1.23 trillion in 2025 and is projected to grow at a compound annual growth rate (CAGR) of 5.4% through 2034, driven by sustained demand for SUVs, hybrid, and electrified vehicles, alongside ongoing innovation in automotive technologies.

Data from Statista shows that combined motor vehicle production across the United States, Mexico, and Canada reached approximately 16.1 million units in 2024, underscoring North America’s strategic importance in global vehicle supply chains. Mexico alone accounts for over 20% of the region’s production, reinforcing RTCAR Mexico’s strategic location for exports and regional delivery.

Strategic Positioning and Multi-Year Production Visibility

The automotive partner is a global OEM with a substantial sales and distribution presence. RTCAR Mexico will serve as a core manufacturing and assembly platform supporting the OEM’s North American market entry, with an initial focus on high-demand SUV and hybrid vehicle models. The existing Memorandum of Understanding (MOU) is expected to convert into a definitive offtake agreement in January 2026, ensuring guaranteed production volumes and providing early revenue visibility. The definitive agreement will formalize multi-year production volumes and commercial terms, establishing a long-term industrial growth pipeline for VCI Global.

“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,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

About RTCAR Mexico

RTCAR Comercializadora de Suministros Automotrices, S.A. de C.V. (“RTCAR Mexico”) is a leading automotive manufacturing platform focused on delivering high-quality, cost-efficient solutions for global automotive OEMs and Tier-1 suppliers. Based in Mexico, the company leverages strategic North American operations to optimize supply chains and meet regional trade standards, including USMCA compliance. RTCAR Mexico combines advanced manufacturing processes with a commitment to operational excellence, positioning itself as a reliable partner in the automotive value chain.

About VCI Global Limited

VCI Global Limited is a cross-sector platform builder at the forefront of technology and financial architecture. The Company focuses on developing and scaling platforms across artificial intelligence, encrypted data infrastructure, digital treasury systems, and next-generation capital markets solutions.

By integrating technology innovation with financial ecosystems, VCI Global enables enterprises, governments, and institutions to capture opportunities in the evolving digital economy. The Company’s strategy is centered on building scalable platforms that deliver resilience, efficiency, and long-term value across multiple high-growth sectors.

For more information on the Company, please log on to https://v-capital.co/.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

CONTACT INFORMATION:

For media queries, please contact:

VCI GLOBAL LIMITED
enquiries@v-capital.co

FAQ

What stake is VCI Global buying in RTCAR Mexico and when was the deal announced?

VCI Global agreed to acquire a 51% controlling stake in RTCAR Mexico; the term sheet was announced on Dec 29, 2025.

When will the RTCAR Mexico acquisition for VCIG convert the MOU to a definitive offtake agreement?

The existing MOU is expected to convert into a definitive offtake agreement in January 2026.

When does VCI Global expect the first vehicle delivery from RTCAR Mexico (VCIG)?

VCI Global anticipates the first vehicle delivery in Q4 2026.

How does the RTCAR Mexico platform support VCIG’s North American strategy?

RTCAR Mexico provides an immediately operational, USMCA‑ready manufacturing base to support high‑volume SUV, hybrid, and electrified vehicle production for a global OEM.

What production and market context did VCI Global cite in the announcement?

The company cited ~16.1 million regional vehicle production in 2024 and an estimated North American automotive market value of ~US$1.23 trillion (2025).