Malaysia is hoping to turn out to be a manufacturing hub for electrical automobiles in Southeast Asia, seeing big potential because of its 40 years of car-making expertise since 1983 and its robust semiconductor business. Or no less than, so says deputy minister of worldwide commerce and business (MITI) Liew Chin Tong, based on The Edge.
The enterprise publication quoted the official as saying that the nation goals to foster higher integration between its automotive and semiconductor sectors, with the purpose of turning into a number one hub for automotive-grade chips. “Malaysia is a really fascinating place; we’re the sixth largest exporter of semiconductor merchandise on the planet. Whereas we might not have a homegrown model, we play a really huge position particularly within the backend,” he mentioned on the launch of the E-Mobility Asia exhibition yesterday.
Liew mentioned that in his go to to Detroit final 12 months, he was informed by US Secretary of Commerce Gina M Raimondo that automotive factories within the space had been pressured to close down as a consequence of Malaysia going into its Motion Management Order (MCO) lockdown in the course of the COVID-19 pandemic.
“It is because the chips they relied on got here from Malaysia and a few semiconductor firms in Malaysia contributed considerably in international automotive chips. Subsequently, when discuss automotive business, particularly the electrification of mobility, it is vital that we don’t work in silos or focus solely on particular person verticals.
“I wish to see this business cross within the horizontal method, [fostering the] creation of recent merchandise, built-in circuit designs, and automotive chips which might be proudly Malaysian. This may allow us to not solely export automotive elements but in addition automotive chips,” he mentioned.
Liew added that Malaysia additionally intends to cut back the nation’s petroleum consumption by switching over to electrified mobility. “In the event you ask round, most individuals would assume that this nation is a internet exporter of petroleum, which isn’t true. We’re…the twenty first largest internet importer of petroleum.
“I encourage you to assume boldly and provide new concepts to assist us discover completely different approaches, in order that electrification turns into not only a enterprise alternative for producers, however a nationwide agenda geared toward decreasing total petrol consumption,” he mentioned.
Liew additionally talked about that Malaysia is poised to attain the federal government’s goal for EVs to make up 20% of the full business quantity (TIV) by 2030, 50% by 2040 and 80% by 2050. “Whereas it seems to be bold particularly provided that we’re ranging from a low base, the Worldwide Vitality Company’s annual World EV Outlook highlights some key traits — EVs made up simply 2% of the TIV globally in 2018.
“By 2022, this had risen to 14% of TIV globally, and by 2023, it reached 18%. Subsequently, reaching 20% of TIV by 2030 isn’t a far-fetched goal, however it is going to require a variety of concerted effort. It’ll require us to be daring and assume exterior the field,” he mentioned.
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