More about the third national car project, which was mooted by prime minister Tun Dr Mahathir Mohamad in June. The project, which is supposed to be launched by 2020, may take on an electrification route if a proposal by two Chinese electric vehicle (EV) companies comes through.
According to The Star, GSR Capital and Envision Energy has outlined a US$10 billion (RM41 billion) investment in the project, spread over a five-year period. The proposal was reportedly submitted to the government ahead of the Mahathir’s current visit to China.
The framework of the plan, which was seen by the publication, includes the setting up of the new national car plant as well as a regional EV automobile hub in southern Perak, where a major auto city project was planned by the previous Barisan Nasional government.
The proposal made by the two companies, which will work in partnership with Malaysian company Concept Fields, also outlines the participation of Nissan, through Envision. The latter holds a 75% stake in Nissan’s electric vehicle unit AESC, which will be brought in to work together with GSR Capital to set up the regional EV manufacturing facility.
The project will be spearheaded by GSR Capital, which will be facilitating FDI of about US$10 billion into Malaysia, while AESC will provide the technology to produce an electric car. Supposedly, EV battery production is also an integral part of the plan.
Aside from manufacturing, the proposal also outlines the establishment of an education hub – to train skilled employees locally – and the creation of R&D facilities. The JV project would also result in the creation of 15,000 new jobs.
The scope of the project, should it happen, would also fall in line with the government’s stand on how it is financed. Last week, finance minister Lim Guan Eng reiterated that the third national car project will be funded by the private sector and not with public funds.
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Tq Tun…we realy need variety on the menu…kudos..
Make Malaysia Great again!
Some previously said MY Mega Sale.
U said Bapak M tak boleh caya tapi sekarang bapak bawa balik 41b investment dari China. Macam mana nak tutup kemaluan mu??
Bapak oso brought it lotsa MOUs ‘investment’ back in his 1st reign. Mana pegi? Lolz! See ur own kemaluan open for all to see b4 asking other lor. Double lolz!
Abesla! Malaysia dah jual to China! Wait a minute, isn’t this dejavu?
this got more local multiplier effect
https://paultan.org/2018/04/12/china-gave-the-best-deal-for-ecrl-project-pm-najib/
Apa jual to china? What are they buying? Land? Car? Local companies?
Apa pulak John ni…
Why don’t you put that question to PH -and especially to their leader- instead? Why keep asking from john as if he’s some sort of wise sage that has all the answers?
Lolz!
that is the same question people asked when the PH claimed malaysia dah jual to china haha :D
Lolz!
Dah lama MY dah jual kepada China. Pergi kat KL tengok siapa yg bangun bangunan tinggi lampai. Kebanyakan bangunan yg tinggi ini dibina oleh tecnologi, wang & pekerja dari China.
Sekarang bangsa china dari MY tak payah balik Tongsan bro sebab Tongsan dah sampai kat KL/MY
Sounds like not logic. Alredi jual can jual one more time? U try jual ur house, then jual one more time and see if it works or not.
Dulu korang pandai kondem, sekarang pulak pandai bersorak. Padahal benda sama je. Memang mahacai tiada tara-nya.
Geely expressed interest in perotiga too.
If they’re on board, now it becomes much more likely to succeed. If Madani is in, it will fail, so make sure he stays away from this and let Geely and other real players do their magic.
Madani obviously not involved directly.. he just mediator for the govt n industry player.
I concur. No Madani in this pls.
He sembang about being fair and unbiased.
cash is king, the logic of najib is correct , just the way he execute is wrong ..
tun m is business man, he know non of the Japanese can provide this, Japan is a sunset nation
41 billlion would’ve settled half of our national debt instantly… damn
This is how brilliant is Tun M,announce project later get funded by Third Party. Previous government will not think like this
Seriously? Why the hell they wanna invest 41b here? Never heard the company before. Dont buy this fairy tale until there are some cars on the road. Just like before, so many hype yet so little result when it comes to malaysian car project.
Why don’t u Google who is Envision..
Chinese companies also interested to build and run charging stations infrastructure at Malaysia?
Confirm HSR will be built by China
typical hype and dog & pony show by mainland chinese companies. boast, brag, over promise and at the end of the day, zero. gsr capital, that was supposed to be “investing” us$10b in this new national car, can’t even manage to complete the acquisition of the battery pack manufacturer that nissan owns (AESC). and thats after 3 delays. finally deal was dropped in july of this year, which then the other chinese company envision “bought” the nissan battery company. and again, more dog and pony show, deal hasn’t even been completed (paid for) and they r already claiming they own 75% of AESC…… now using the nissan name to try to get an opening to start up their “investment” into the 3rd national car in msia. they would be asking for all sorts of incentives, freebies, support etc etc from the msian gov in order for them to “invest the us$10 billion”. and many will be suckered into believing this.
Third national car must be privately funded. Goverment must not provide special protection like imposing high tax on import car. i really hate that for the past decades we been funding low quality proton and deprived of good quality import cars. Please sont let it happen again
Please stop with the notion of imported cars are good quality.
It’s hardly of the sort, especially the Jepunis.
I condemned the idea of third national car after seeing the mess that Proton had left. Its like the aftermath of a nuclear war, literally.
So the old hag said its gonna be privately funded and he somehow managed to round up a such a hefty sum. The old hag do deserve much credit just as long as the public’s fund is not to be used again. After all, private is better.
A Chinese company invest RM41B?! Means the major share holder of this 3rd national car project, also, possibly, the Chinese?! Then what National Car?!
National brand changed to Panasonic long time ago bro..no more National car of course..
Well said,bros
Bapak meaning is China national car. Hahaha!
There is no free lunch in the whole wide world. If u want transfer of Tec, management expertise, materials for components and infrastructure assistants u got to invest a great deal of money. Malaysia has very few people that can really manufacture their products A to Z. The only thing sensible to do is to purchase know how which is very costly. If we acquire the know how may be a lot of supporting industries will benefit from it. More jobs for our citizens. Competitions are healthy for these segments, it will develop quality workers and products.
Guys while I like the idea of EV, please bear in mind the cost of EV cars. The cheapest seems to be from China. Even that, the price is not going to be RM30-50K, a bracket where most Malaysians can afford. It will likely be above RM100k due to the fact that worldwide price of Li-ion batteries are expensive. So the market is for those who currently can afford the mid – high end cars. Now how many units of protiga EV can the company sell? Will it be able to outsell previous Proton Saga volumes during the hey days of Proton?