KUALA LUMPUR, Oct 16 — A total of 6,617 battery-powered electric vehicles (BEVs) were sold in the first half of 2024 (1H2024) marking a significant 112 per cent year-on-year surge in the electric vehicle (EV) market, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.
He said 3,117 units of BEVs were sold in 1H2023.
"This remarkable growth not only signals our consumers'' growing interest, but also demonstrates Malaysians'' general buy-in to contribute to the national and global environmental agendas," he told reporters after the launch of Stellantis x Leapmotor C10 SUV here today.
Regarding charging stations, Tengku Zafrul said that as of Sept 30, 2024, more than 3,171 charging stations have been installed nationwide, including 813 DC fast chargers.
He said the automotive industry remains a vital pillar of Malaysia''s economic growth, contributing an impressive four to five per cent to national gross domestic product (GDP) annually, and supporting over 700,000 jobs.
In 2023, Malaysia''s automotive sector recorded a total import value of RM62.14 billion, with RM37.15 billion attributed to the import of automotive parts and components.
On the export side, the sector recorded a total value of RM18.01 billion, with RM13.26 billion from automotive parts exports.
"The significant disparity between imports and exports has led to a trade deficit for the sector," he noted.
He said that as the world''s fourth-largest automaker and a leading mobility solutions provider, Stellantis'' choice of Malaysia as the first market in South-east Asia for Leapmotor reflects the confidence that global players have in the country''s growing role as a hub for new energy vehicles.
"I was thrilled when Stellantis announced its decision to establish Malaysia as a regional manufacturing hub as part of its ''Built in Asean for Asean'' strategy, alongside a regional headquarters for Asia Pacific. I am optimistic that this decision will significantly boost our automotive industry, facilitate advanced technology transfer and enhance our exports," he said.
Stellantis today unveiled its new all-electric SUV, the C10, marking its first major entry into the South-east Asian market with its launch in Malaysia.
The C10 is part of Leapmotor International, a 51:49 joint venture between Stellantis and Leapmotor.
The all-new electric Leapmotor C10 is offered at a limited-time introductory price of RM149,000 on the road, excluding insurance, for bookings made until Nov 30, 2024. After this period, the price will be set at RM159,000.
It is available in four exterior colours — glazed green, pearly white, canopy grey, or Tundra grey — and two interior options: criollo brown (exclusive to glazed green) and midnight aurora. — Bernama
KUALA LUMPUR (Oct 16): A total of 6,617 battery-powered electric vehicles (BEVs) were sold in the first half of 2024 (1H2024), marking a significant 112% year-on-year surge in the electric vehicle (EV) market, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.
"This remarkable growth not only signals our consumers'' growing interest, but also demonstrates Malaysians'' general buy-in to contribute to the national and global environmental agendas," he told reporters after the launch of Stellantis x Leapmotor C10 SUV here on Wednesday.
Regarding charging stations, Zafrul said that as of Sept 30, 2024, more than 3,171 charging stations have been installed nationwide, including 813 DC fast chargers.
He said the automotive industry remains a vital pillar of Malaysia''s economic growth, contributing an impressive 4% to 5% to national gross domestic product (GDP) annually, and supporting over 700,000 jobs.
In 2023, Malaysia''s automotive sector recorded total import value of RM62.14 billion, with RM37.15 billion attributed to the import of automotive parts and components.
He said that as the world''s fourth-largest automaker and a leading mobility solutions provider, Stellantis'' choice of Malaysia as the first market in Southeast Asia for Leapmotor reflects the confidence that global players have in the country''s growing role as a hub for new energy vehicles.
Stellantis on Wednesday unveiled its new all-electric SUV, the C10, marking its first major entry into the Southeast Asian market with its launch in Malaysia.
It is available in four exterior colours — glazed green, pearly white, canopy grey, or Tundra grey — and two interior options: criollo brown (exclusive to glazed green) and midnight aurora.
Uploaded by Magessan Varatharaja
KUALA LUMPUR: Malaysia has seen a total of 33,319 electric-powered vehicles (xEV), including hybrids, plug-in hybrids, battery electric, and fuel cell vehicles, sold as of Sept 30, this year, representing 5.11% of the country''s annual vehicle sales.
Additionally, the government has installed 3,354 charging bays across the country as of Oct 31, 2024, as part of its efforts to promote the adoption of EVs.
Deputy Investment, Trade and Industry Minister Liew Chin Tong said the government has raised its target for direct current (DC) chargers from 1,000 units to 1,500 units by 2025.
"Currently, there are 1,500 charging points, and we aim to reach 1,500 DC chargers since DC chargers are fast chargers," Liew said in the Dewan Rakyat on Wednesday (Nov 27).
He was responding to Khoo Poay Tiong''s (PH-Kota Melaka) question to the ministry on the Government''s measures to encourage local industry players to enhance their efforts in producing electric vehicles, thereby meeting local demand and achieving the Sustainable Development Goals target for 2050.
Liew also noted that the government is focusing on the future of EVs, which will include Plug-In Hybrid Electric Vehicles (PHEVs).
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