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World

Chinese enterprises support the development of Malaysia's electric vehicle industry

2024-11-07   

Malaysia's largest car company, Proton, recently released its first electric vehicle and opened for pre order. This car was jointly developed and designed by Proton and Chinese automaker Geely Holding Group, with over 200 engineers and designers from both China and Malaysia. The project team stated that this demonstrates the enormous potential for cooperation between China and Malaysia in promoting innovation in electric vehicle technology and achieving sustainable development. The automotive industry is one of Malaysia's important industries, contributing approximately 4% of the country's gross domestic product annually. In recent years, the Malaysian government has accelerated the development of the electric vehicle industry and released the "2030 New Industrial Blueprint" in September 2023. According to the plan, the proportion of electric vehicle sales to new car sales in the country will reach 15% by 2030, and will increase to 38% by 2040. A survey report by consulting firm EY shows that with the rise in gasoline prices and increasing environmental awareness among the public, about 1/4 of Malaysian consumers are interested in purchasing electric vehicles. The Malaysian government has introduced a series of incentive policies. For example, in the 2022 government budget, it is proposed that electric vehicles enjoy a 3-year exemption from import and consumption taxes, while electric vehicle owners can also receive motor vehicle tax and income tax refunds. Malaysia plans to increase the number of electric vehicle charging stations nationwide to 4000 by 2025 and to 10000 by 2030. The Minister of Investment, Trade and Industry of the country, Zafil, stated that the ASEAN electric vehicle market is expected to reach a size of 2.7 billion US dollars by 2027, with the Malaysian electric vehicle industry playing an important role in it. As the rotating chair of ASEAN in 2025, Malaysia plans to use electric vehicles as official vehicles. Under the promotion of the joint construction of the "the Belt and Road" initiative and the China ASEAN Free Trade Area and other cooperation mechanisms, Chinese enterprises have helped the development of Malaysia's new energy automobile industry by strengthening technical cooperation, investment, etc. Chinese car companies such as Great Wall Motors and BYD have entered the Malaysian market, launching new energy vehicle models and increasing local production and assembly to meet the green travel needs of local residents. According to the Zero Emission Vehicle Association of Malaysia, sales of pure electric vehicles in Malaysia have exceeded 12000 units in the first seven months of 2024, with BYD Seal and Yuan Plus models accounting for over one-third of the market share. Great Wall Motors is rapidly advancing local assembly projects, providing more job opportunities for local society through multi-dimensional joint efforts such as production, supply, sales, and services. At the same time, it actively offers opportunities for employees to train their skills in China, helping them adapt to new technologies and production methods. The state of Sarawak in Malaysia has proposed the development of a hydrogen powered public transportation project, and its capital city, Kuching, will use hydrogen powered smart rail vehicles independently developed and manufactured by China CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd. CRRC will supply hydrogen powered smart rail vehicles, signal systems, and depot equipment. In September 2023, the project has delivered the first hydrogen powered smart tram and started trial runs. Chinese and Malaysian companies are continuously deepening cooperation to help improve the supporting infrastructure for the local electric vehicle industry. In 2024, Chinese company Telekom signed a strategic memorandum of cooperation with Malaysian electric vehicle charging operator Yiwei Energy, planning to build a charging network locally, including deploying 480 kW supercharging stations in highway and other scenarios. The cylindrical battery industrial park invested and constructed by Chinese battery company EVE Energy in Kedah, Malaysia has started construction in 2023 and is expected to be put into operation in 2025. The company also plans to invest in the energy storage industry in Malaysia to support the development of the local power system. Ong Shijie, former Minister of Transport of Malaysia and President of the Asia Pacific "the Belt and Road" Joint Strategy Conference, told reporters that Malaysia and China have broad prospects for cooperation in the field of electric vehicles

Edit:Yi Yi Responsible editor:Li Nian

Source:www.people.cn

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