Global Players Like Tesla Needed For The Development Of Malaysia’s EV Ecosystem — Tengku Zafrul


The development of Malaysia’s electric vehicle (EV) ecosystem requires the participation of global EV players such as Tesla, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

He said his ministry (MITI) has a ‘systematic and strategic’ approach in attracting investments in the automotive industry, which is not limited to just Tesla.

In the first phase, MITI’s goal is to facilitate EV car imports to ensure the domestic market quickly achieve a critical mass, whereby it will lead to at least 10,000 charging stations for public use as well as high EV usage in the Malaysian market.

‘After achieving this critical mass, we will hopefully be able to attract EV producers to develop assemby or manufacturing plants in Malaysia,’ the minister said when contacted by Bernama on this issue.

Tengku Zafrul said that when global EV producers develop assembly or manufacturing facilities in the country under the second phase, it will also drive local automotive small and medium enter
prises (SMEs) to boost their respective capacity to support the global EV producers’ supply chain by supplying spare parts, components and factory automation systems to them.

‘We have an advantage, given that our semiconductor sector has been well established for more than 50 years — and EVs certainly use a lot of semiconductors,’ he said.

The minister also stressed that Tesla, as a participant in the Global Battery Electric Vehicle (BEV) initiative, definitely support the development of the EV ecosystem in Malaysia from various aspects despite not having made any commitment to open a factory here.

Tengku Zafrul pointed out that to date, Tesla has developed four experience centres in Malaysia.

Further, Tesla has surpassed the target of installing 50 charging units by setting up 52 ultra-fast chargers with a capacity of more than 180 kilowatts each at various sites in the Klang Valley, Johor, Melaka, Penang and Pahang.

In addition, he said, the Global BEV initiative also requires that at least 80 per c
ent of Tesla workforce are Malaysian, and this condition has been met.

Another condition that Tesla has fulfilled is from the aspect of partnership with at least 10 local SMEs in developing the country’s EV ecosystem.

‘It has also partnered with five Malaysian banking groups and two local insurance firms in offering financing packages for Tesla car purchases.

‘Tesla is also collaborating with local logistics companies to handle various EV-related transactions,’ he said.

All this, he said, demonstrates Tesla’s seriousness in continuing its investment in Malaysia.

Tengku Zafrul also noted that only Tesla has applied and been approved for participation in the Global BEV initiative so far.

Source: BERNAMA News Agency

  • malaysiang

    Related Posts

    Insurers, Takaful Operators Must Expand Capacity, Bridge Protection Gaps – BNM Governor

    KUALA LUMPUR, Insurers and takaful operators must expand their capacity and readiness to reduce critical protection gaps and strengthen financial safety nets, said Bank Negara Malaysia (BNM) governor Datuk Seri Abdul Rasheed Ghaffour.

    This includes …

    Budget 2025: BIMB Securities Expects Malaysia’s Fiscal Deficit To Be Lower At 3.5 Pct

    KUALA LUMPUR, BIMB Securities Sdn Bhd foresees a lower fiscal deficit of 3.5 per cent in line with the 12th Malaysia Plan Mid-term Review (12MP MTR) for Budget 2025.

    Under the 12MP MTR, Malaysia’s fiscal balance position is forecast to turn lower at…