The NAZA Group, controlled by tycoon Tan Sri SM Nasimuddin SM Amin has set up a company called N-2 Sdn Bhd. N-2 is believed to focus on assembling and distributing Chinese-made mini cars, competing with Perodua in the K-car market, like the Kancil and Kelisa.
A Chinese auto company will be involved in a joint-venture to set up an assembly plant in northern Malaysia. Little is known of which Chinese auto company this is, but from past rumours it might be the Hafei Lobo. Just a little speculation on my part though.