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Geely’s RM30bil investment boost for EV sector

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Geely’s investment is in line with the strategic framework for EV development in the country developed by Mosti.

He said the AHTV will open a new chapter in the electric vehicle ecosystem in Malaysia and it encompasses the automotive and mobility value chain, from high-tech global research and development centres and related support services for the new energy vehicle industry in Malaysia.

“Under that strategic framework, we aim for EV usage to reach 38% by 2040 and this would be a good start. Chang said two more EV companies from China, namely, China Harmony Auto Holding Ltd and GAC AION New Energy Automobile Co Ltd, have also shown interest in investing in the country’s EV development and their representatives will be in Malaysia tomorrow to survey the EV ecosystem.

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