Latest news with #NationalAutomotivePolicy2020
The Sun
2 days ago
- Automotive
- The Sun
Malaysia pushes for local tech innovation over product volume, says Tengku Zafrul
KUALA LUMPUR: Malaysia must prioritise homegrown technology and innovation rather than merely increasing product output, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. He emphasised the government's push for deep localisation and high-tech transfer to create better jobs, enhance technical skills, and elevate Malaysian SMEs as global suppliers. 'What we want is the ripple effect to spur local innovation, nurture engineers and technicians, support training institutions, and accelerate broader economic growth,' he said during the launch of the Jaecoo J8 Premium Off-road First Class. Tengku Zafrul highlighted that the event marked not just the debut of a new vehicle but also a milestone in Malaysia's partnership with Chinese automaker Chery, showcasing the country's growing role as an automotive innovation hub. 'As consumers demand higher quality and innovation, Malaysia is fast becoming a strategic hub for global brands looking to compete and grow,' he added. The minister urged Chery to expand its local presence through increased local content, vendor development, and skills transfer, reinforcing Malaysia's ambition to become a high-value manufacturing and R&D centre for next-generation mobility. To sustain long-term growth, he encouraged automakers to position Malaysia as a regional export hub, noting Chery's progress in expanding exports. 'Consolidating production for domestic and export markets enhances economies of scale and strengthens local suppliers,' he said. With over 700,000 workers and a 4% GDP contribution, Malaysia's automotive sector remains vital. The National Automotive Policy 2020 targets a RM104.2 billion GDP contribution by 2030, requiring advancements in R&D, software, and sustainable materials. - Bernama
New Straits Times
19-05-2025
- Automotive
- New Straits Times
MIDA, Chery unveil initiative to drive domestic automotive sector
MALAYSIAN Investment Development Authority (MIDA) and Chery Corporate Malaysia Sdn Bhd have launched an initiative to bolster the country's automotive sector. Called Chery Premier Supply Chain Synergy Programme, it brought together 12 leading Chery technology suppliers from China and 23 Malaysian suppliers. This creates a powerful platform for collaboration and growth, MIDA said in a statement. The strategic initiative, held last Friday, was hosted at MIDA's headquarters and supported by Investment, Trade and Industry Ministry and the Malaysia Automotive Robotics & IoT Institute. MIDA chief exceutive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid highlighted the significance of the programme in realising Malaysia's National Automotive Policy 2020. "This inaugural programme directly supports our commitment to fostering collaboration between Malaysian vendors and Chery China. "We aim to unlock mutually beneficial opportunities that drive growth and innovation, aligning perfectly with NAP 2020's objectives of promoting local vendor development, supporting next-generation vehicles and incorporating Industry 4.0 practices." He added that by fostering these vital links, it envisions a future rich with technology transfer, streamlined supply chains, and enhanced industrial capabilities, ultimately benefiting both Malaysia and Chery." Chery Malaysia executive vice president Leo Chen said the collaboration reflects Chery's commitment to championing localisation and fortifying our supply chain ecosystem in Malaysia. "As part of Chery's broader strategy to deepen our roots in this market and lead the advancement of a modern, inclusive automotive industry, we are proud to work hand in hand with local suppliers to foster sustainable growth and resilience. A highlight of the programme was the Chinese carmaker's presentation of its upcoming Chery Smart Auto Industrial Park in the Beringin High-Tech Auto Valley. The ambitious project is set to become Chery's manufacturing cornerstone in the region, representing a significant step in Malaysia's automotive evolution. The event culminated in the signing of four memoranda of understanding (MoUs): • Wuhu Atech Automotive Electronics Co Ltd and Multi-Code Electronics Industries (M) Bhd; • Cheling Smart Mobility Technology (Wuhu) Co Ltd and Multi-Code Electronics Industries (M) Bhd; • Zhejiang Wanliyang Co Ltd and Chery Malaysia; and • Wuhu Qida Power Battery System Co Ltd and Chery Malaysia. These partnerships focus on automotive components, technology ransfer, and joint investments, strengthening Malaysia's position in the global automotive supply chain.
Barnama
13-05-2025
- Automotive
- Barnama
MARii Launches Voluntary NxGV Labelling Scheme and Celebrates Youth Innovation Driving Asean Green Mobility Leadership
SERDANG, May 13 (Bernama) -- In conjunction with Malaysia Autoshow 2025, Malaysia Automotive, Robotics and IoT Institute (MARii) officially launched the Voluntary Next Generation Vehicle (NxGV) Labelling Scheme, a milestone initiative under the National Automotive Policy 2020 (NAP2020) aimed at accelerating Malaysia's transition to green and intelligent mobility, while reinforcing its leadership within the ASEAN region. In the same spirit of innovation, MARii also held the NxGV Challenge 2025 Prize Giving Ceremony, celebrating youth-led breakthroughs in electric vehicle (EV) design and development, co-organised by MARii and SAE Malaysia, supported by PERODUA. The dual milestone reflects Malaysia's proactive stance under its ASEAN Chairmanship in driving the region's transition towards low carbon, connected mobility solutions, while nurturing the next generation of automotive talent.
