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

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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”.

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