Local company to invest RM5b in electric vehicle project | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

Local company to invest RM5b in electric vehicle project

KUALA LUMPUR, July 29 — Plan are afoot to set up an electric vehicle smart manufacturing plant on a 161.87-hectare site at the Enstek Industrial Park in Negeri Sembilan with an investment of RM5 billion.

“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 for his consideration. MIER earlier signed several memorandums of understanding with 20 strategic partners, including Elenvi for the electric vehicle smart manufacturing project.

The MoUs signing was part of MIER’s new research plan for the period of 2019-2023 dubbed “Crouching Tiger Plan” which was in line with the new government’s aspiration to achieve “shared prosperity 2030”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pinewood Studios’ exit a boon for local film industry | The Malaysian InsightIndustry players say now that studio is government-owned, higher-quality productions should follow suit.
Source: msianinsight - 🏆 8. / 63 Read more »