VCI Global enters term sheet to acquire 51% stake in RTCAR Mexico

Core Viewpoint - VCI Global (VCIG) has entered a legally binding term sheet to acquire a 51% controlling equity interest in RTCAR Comercializadora de Suministros Automotrices, enhancing its operational capabilities in the automotive sector [1] Group 1: Acquisition Details - The acquisition provides VCI Global with an immediately operational and scalable industrial base to support high-volume production for a leading global automotive original equipment manufacturer (OEM) expanding in North America [1] - RTCAR Mexico is managed by a seasoned team with extensive experience in global automotive OEMs and Tier-1 suppliers, including leadership roles at Fortune 500 companies [1] - The management team possesses deep expertise in North American manufacturing, supply chain optimization, and USMCA-compliant operations, positioning RTCAR to meet international standards for quality, cost, and delivery [1] Group 2: Strategic Importance - RTCAR Mexico will serve as a core manufacturing and assembly platform for the OEM's North American market entry, initially focusing on high-demand SUV and hybrid vehicle models [1] - 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 [1] - The definitive agreement will formalize multi-year production volumes and commercial terms, establishing a long-term industrial growth pipeline for VCI Global [1]