Malaysia is hoping to develop into a manufacturing hub for electrical automobiles in Southeast Asia, seeing large potential because of its 40 years of car-making expertise since 1983 and its sturdy semiconductor trade. Or at the very least, so says deputy minister of worldwide commerce and trade (MITI) Liew Chin Tong, in keeping with The Edge.
The enterprise publication quoted the official as saying that the nation goals to foster larger integration between its automotive and semiconductor sectors, with the objective of turning into a number one hub for automotive-grade chips. “Malaysia is a really attention-grabbing place; we’re the sixth largest exporter of semiconductor merchandise on the earth. Whereas we could not have a homegrown model, we play a really large function particularly within the backend,” he stated on the launch of the E-Mobility Asia exhibition yesterday.
Liew stated that in his go to to Detroit final yr, he was advised by US Secretary of Commerce Gina M Raimondo that automotive factories within the space have been pressured to close down as a consequence of Malaysia going into its Motion Management Order (MCO) lockdown through 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. Due to this fact, when speak about automotive trade, particularly the electrification of mobility, it’s important that we don’t work in silos or focus solely on particular person verticals.
“I wish to see this trade cross within the horizontal method, [fostering the] creation of latest merchandise, built-in circuit designs, and automotive chips which might be proudly Malaysian. This can allow us to not solely export automotive elements but additionally automotive chips,” he stated.
Liew added that Malaysia additionally intends to scale back the nation’s petroleum consumption by switching over to electrified mobility. “When 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 supply new concepts to assist us discover totally different approaches, in order that electrification turns into not only a enterprise alternative for producers, however a nationwide agenda aimed toward decreasing general petrol consumption,” he stated.
Liew additionally talked about that Malaysia is poised to attain the federal government’s goal for EVs to make up 20% of the full trade quantity (TIV) by 2030, 50% by 2040 and 80% by 2050. “Whereas it appears to be like formidable particularly provided that we’re ranging from a low base, the Worldwide Power 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%. Due to this fact, attaining 20% of TIV by 2030 just isn’t a far-fetched goal, however it should require loads of concerted effort. It should require us to be daring and assume exterior the field,” he stated.
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