Malaysia to draw more EV manufacturers to become regional hub
Malaysia has aimed to draw more electric vehicle manufacturers as it seeks to become a regional hub for the Association of Southeast Asian Nations (ASEAN), an official said on Tuesday.
Malaysian Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz said this in his keynote address at an automotive event.
He cited favourable conditions in Malaysia that made it highly conducive to supporting multinationals’ regional hub ambitions.
“Apart from our strategic location, good infrastructure and rule of law, we also have a highly established electrical and electronics industry. This has been reliably feeding the other industries, including aerospace, renewable energy and EVs,’’ he said.
He added that the regional EV market was expected to grow at a compound annual rate of about 33 per cent from around $500 million in 2021 to $2.7 billion by 2027.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Heading 5
2027: INEC assures PWDs of inclusive participation in Zamfara
The REC stressed that the right to vote belongs to every eligible citizen.
Heading 1
Ilhan Omar calls Trump ‘pedophile protection party’s president’
The Somali-born American politician insisted that her name had always been Ilhan Omar.
Heading 3
Shettima inaugurates teaching hospital, schools in BornoÂ
Mr Shettima commended Governor Babagana Zulum for establishing the hospital.
Hot news Home top
14 bandits killed as hunters repel attack in Katsina village
The commissioner stated that intelligence report revealed the movement of 26 armed bandits on 13 motorcycles.
States
Police nab man for allegedly killing retired teacher in OgunÂ
The victim was reportedly killed at her residence in Agbaakin Emere, Abeokuta, on February 27, 2026.
Health
Zamfara NMA intensifies surveillance against Ebola
He said the NMA has developed an incident action plan to create public awareness about Ebola.
