While we wait for further news about the new national car that is being developed by DreamEdge, fresh developments have surfaced on the electric vehicle front. As The Malaysian Reserve reports, Malaysia’s first EV is expected to roll out in the first quarter of 2021, with a targeted production of 50,000 units for the domestic and global markets.

According to Malaysia Institute of Economic Research (MIER) chairman Tan Sri Kamal Salih, the project developer has completed the business plan and is currently identifying the land that will site the manufacturing plant. He added that the EV will be based on Japanese technologies, but did not furnish additional details.

The EV project – which has apparently been approved by the prime minister’s office – is expected to be launched in mid-October, he said. “The target is to launch it on October 15, but it might be delayed as we have two other big projects to reveal; a national data centre and waste-to-energy project. The project developer will reveal two prototypes of EV at the groundbreaking,” he said.

Mimco Alif electric SUV sketch.

Back in July, it was reported that a company called Elenvi Otomotif was planning to build EVs in Malaysia, and the project had accumulated RM5 billion in private funding. This will be used to build an EV manufacturing plant on a 161.87 ha site at Enstek Industrial Park in Negeri Sembilan, jointly developed by Elenvi and an unnamed local investor.

The earlier news report had also revealed a similar launch timeline as that mentioned in the TMR report – back then, Kamal said that the first showcase of the EV would be in October.

It is not the only project aiming to come up with locally-built EVs – it was also reported in July that Alam Perkasa Consortium (APC) had plans to set up a new carmaker called the Malaysian International Motor Company (Mimco), also with RM5 billion in private funding. The company said it aims to debut its first car, the Alif electric SUV, at the 2020 Geneva Motor Show before launching it in 2022, with global sales targeted at 60,000 units a year.