Malaysia is hoping to become a production hub for electric vehicles in Southeast Asia, seeing huge potential thanks to its 40 years of car-making experience since 1983 and its strong semiconductor industry. Or at least, …
Malaysia is hoping to become a production hub for electric vehicles in Southeast Asia, seeing huge potential thanks to its 40 years of car-making experience since 1983 and itsThe business publication quoted the official as saying that the country aims to foster greater integration between its automotive and semiconductor sectors, with the goal of becoming a leading hub for automotive-grade chips.
“This is because the chips they relied on came from Malaysia and some semiconductor companies in Malaysia contributed substantially in global automotive chips. Therefore, when talk about automotive industry, especially the electrification of mobility, it is important that we do not work in silos or focus solely on individual verticals.
Liew added that Malaysia also intends to reduce the country’s petroleum consumption by switching over to electrified mobility. “If you ask around, most people would think that this country is a net exporter of petroleum, which is not true. We are…the 21st largest net importer of petroleum.
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