: The New Industrial Master Plan 2030 , to be launched in August this year, will be capitalising on the US$2.7 billion Asean electric vehicle market, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
As part of its global expansion, the Chinese state-owned automobile manufacturer today announced the injection of RM170 million for expansion in Malaysia, which will provide 4,000 high-paying, high-skilled jobs for Malaysians in the next five years. “As Malaysia is a major electrical and electronics manufacturing hub in Southeast Asia, automakers like Chery can easily leverage on this to help grow Malaysia’s production of next-generation vehicles ,” he said in his speech at the official grand launch of Chery Malaysia’s Tiggo 8PRO and Omoda 5 here today.
“The Ministry of Investment, Trade and Industry welcomes all these initiatives as they are aligned with our national aspiration of having 15 per cent total industry volume for electrified vehicles by 2030, and 38 per cent of TIV by year 2040,” he said.
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