Elenvi bids for new national car project to build EVs

Elenvi bids for new national car project to build EVs

On Monday, we brought you news of what was reportedly one of the bidders for the new national car project (NNCP), and now here’s another one. Bernama reports that a company called Elenvi Otomotif is also preparing a proposal to build electric vehicles in Malaysia, also with RM5 billion in private investment.

That’s according to Malaysian Institute of Economic Research (MIER) chairman Tan Sri Kamal Salih, who said that the money would be used to build an EV manufacturing plant in Negeri Sembilan, jointly developed by Elenvi and an unnamed local investor.

“MIER has been tasked by Elenvi and the investor to conduct a feasibility study and business, investment and financial plan which will be presented to the prime minister [Tun Dr Mahathir Mohamad] for his consideration,” he said. “This is a private sector investment and it will be up to him to decide if it should be our third national car.”

Kamal added that the first electric car showcase will be launched by Mahathir in October, and that the vehicles will be designed for both local and export markets. The institute had earlier signed several memorandums of understanding (MoU) with 20 strategic partners for the EV project, including Elenvi.

Elenvi will go up against Alam Perkasa Consortium (APC), which plans to set up a new carmaker, the Malaysian International Motor Company (Mimco). It aims to debut its first car, the Alif electric SUV, at the 2020 Geneva Motor Show before launching it in 2022, with targeted global sales of 60,000 units a year.

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Jonathan Lee

After trying to pursue a career in product design, Jonathan Lee decided to make the sideways jump into the world of car journalism instead. He therefore appreciates the aesthetic appeal of a car, but for him, the driving experience is still second to none.

 

Comments

  • If truly a private initiative n funded, why must go and meet PM. Unless they need some kind of tongkat.

    Like or Dislike: Thumb up 5 Thumb down 1
    • Ahmadjr on Jul 31, 2019 at 6:09 pm

      They still need the proper licence and heavily subsidised scheme to grow. That’s where the gov should and must help

      Like or Dislike: Thumb up 2 Thumb down 4
  • Bofri on Jul 31, 2019 at 10:06 am

    (Like) Yay. Elenvi for new national car.
    (Dislike) Nay. Elenvi.

    Like or Dislike: Thumb up 10 Thumb down 7
  • xoxox on Jul 31, 2019 at 10:16 am

    lol…if you google the company, apa pun don’t have…not even join effort research or something convincing…look like is a company created for this purpose only…if fail, just fail only..money come in first…

    Like or Dislike: Thumb up 10 Thumb down 1
  • Dr Ray on Jul 31, 2019 at 10:46 am

    Alam Perkasa Consortium as 3rd National Car & Elenvi as the 4th… The more the merrier… More jobs for Malaysians…

    Like or Dislike: Thumb up 3 Thumb down 8
    • halloha560 on Jul 31, 2019 at 12:32 pm

      Not really, they will choose either Alam Perkasa or Elenvi as third national car because our government are now deciding to have two bidders option.

      Like or Dislike: Thumb up 7 Thumb down 2
    • john is otak batu on Jul 31, 2019 at 2:34 pm

      Not all Malaysian.. ONLY the SELECTED 1 .. ok???!!!

      Like or Dislike: Thumb up 6 Thumb down 0
  • vodka on Jul 31, 2019 at 10:59 am

    RM5 billion from unnamed investor. Wonder how long they can see ROI since even Tesla is still bleeding money after all these years.

    Like or Dislike: Thumb up 8 Thumb down 0
    • Mohd Adnan on Jul 31, 2019 at 1:47 pm

      No need see ROI becos got ROC dy Return of Cronyism. If unknown company so easy get Rm5B then the rest of the citizen no need work dy. Money lost like they care, cos its our money not their money.

      Like or Dislike: Thumb up 11 Thumb down 0
  • Rakyat Malaysia on Jul 31, 2019 at 11:43 am

    Where did they crawl from and where did they get the billions of RMs to fund this project? Is this the reason why Pakatan is posting more government debts on top of those they had promised to reduce?

    Like or Dislike: Thumb up 10 Thumb down 0
    • Angry Voters on Jul 31, 2019 at 2:02 pm

      Looked much like it. 2MDB in the making

      Like or Dislike: Thumb up 8 Thumb down 0
      • Rakyat Malaysia on Jul 31, 2019 at 4:46 pm

        Worse than that. First one money not lost, ini kalilah money guarantee will be gone.

        Like or Dislike: Thumb up 3 Thumb down 0
      • Turn M on Jul 31, 2019 at 5:24 pm

        Yes… All going according to keikaku.

        Like or Dislike: Thumb up 2 Thumb down 0
    • john is otak batu on Jul 31, 2019 at 2:46 pm

      Craw from Tun’s Back, rakyat just didn’t notice them B4 previous PRU

      Like or Dislike: Thumb up 0 Thumb down 0
  • end up both same ‘local investor’. who ever win,we rakyat lose

    Like or Dislike: Thumb up 1 Thumb down 0
 

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