Malaysia has the potential to become a regional hub for EV production and innovation, said deputy prime minister Datuk Seri Fadillah Yusof, according to a Bernama report.
In his speech at yesterday’s Kuala Lumpur International Mobility Show (KLIMS) 2024 opening ceremony, he said that the mobility industry’s growth presents immense opportunities for local manufacturers and small and medium enterprises (SMEs) to integrate into the global supply chain.
Malaysia’s National Investment Aspirations aim to position the country as a global supply chain hub by attracting high-quality investments and enhancing the capabilities of local industries, added Fadillah, who is also energy transition and water transformation minister.
Fadillah said KLIMS 2024 was an excellent platform to witness the advancements in automotive technology, bolstered by Malaysia’s regional collaboration through the ASEAN Power Grid initiative, which aligns with Malaysia’s leadership as ASEAN chair in 2025 to secure a sustainable energy future.
He called on stakeholders, particularly the mobility industry leaders, policymakers, innovators and consumers, to work hand-in-hand in driving the mission.
“Malaysia is committed to building a sustainable future for the generations to come. Transportation, being one of the largest contributors to greenhouse gas emissions, is a critical area in our national energy transition plan. Consumer adoption of EVs and hybrid vehicles will drive the nation closer to its sustainability goals, with transformative initiatives like KLIMS playing a pivotal role in sparking widespread interest, collaboration, and action,” Fadillah said.
Meanwhile, KLIMS 2024 chairman and Malaysian Automotive Association (MAA) president Mohd Samsor Mohd Zain said in his speech that the auto industry contributes 4% of the country’s gross domestic product (GDP) annually and is currently estimated to employ over 700,000 people.
“Over the years, the automotive industry has expanded tremendously in tandem with the country’s economic growth and the increasing standard of living.
“The total industry volume (TIV) for the automotive industry has grown leaps and bounds over the last three decades, from 200,000 units in 1994 to an all-time high of 799,731 units in 2023,” Mohd Samsor said, adding that a record 800,000 units is expected by end-2024.
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Potential to accumulate more pollution for the country?
power generator already cannot support investors’ digital centre, now u talking about EV for rakyat malaysia? ello, do u guys learn maths?
tak habis-habis dengan “potensi”
just like malaysia has potensi to become #1 in SEA, but sadly corruption and mismanagement of economy made our ringgit like banana paper
How, where and when you are gonna phase out Petrol like other countries then only talk.
The ev tech know how will come from langit? Jokers
Talk is cheap, everyone running either to Thailand or Indonesia even singapore for Hyundai, Malaysia is being avoided like the plague
if all labor force are as rajin as our menteri then i believe we can achieve that target, malangnya our t40 are dumb and lazy, and rides a motorcycle
After anwar throw tantrums for YS elimination and then bring in the palestinians ..where got FI want to come here… even elon musk pull out!!