News Formal

Tengku Zafrul: Malaysia's strong foundation in electrical, electronics industry reason for Tesla's entry

  • 📰 staronline
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 75%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Tesla’s decision to expand its presence in the country is due to the strong foundation of the electrical and electronics (E&E) ecosystem, says Tengku Zafrul. Read more at

The International Trade and Industry Minister said that this was also the same reason why Amazon Web Services chose to invest at least RM25.5bil in the country by 2037 to set up their digital infrastructure.

"It is not so much on the incentive; it will help, but what makes Malaysia so attractive to these types of investors is that we can support the electric vehicle ecosystem," he said. "So they decided to relocate their business here, and this will have a positive impact on our economy, especially our SMEs and any new SMEs that might be created from the supply chain.

 

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:

 /  🏆 4. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Tengku Zafrul: Malaysia's strong foundation in electrical, electronics industry reason for Tesla's entryPASIR GUDANG: Tesla’s decision to expand its presence in the country is due to the strong foundation of the electrical and electronics (E&E) ecosystem, says Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
Source: staronline - 🏆 4. / 75 Read more »