KUALA LUMPUR, Jan. 28 (Xinhua) — Maybank Investment Bank mentioned Tuesday that Malaysia’s automotive trade is transitioning, pushed by the rise of electrical car (EV) gamers, with present investments centered on downstream areas comparable to showrooms and repair facilities, alongside a rising curiosity in EV meeting.
The analysis home mentioned in a be aware that the expiration of fully constructed unit EV incentives is anticipated to spice up native sourcing, creating upstream alternatives within the EV provide chain.
Meanwhile, Maybank has recognized 4 key EV funding hotspots in Peninsular Malaysia, specifically Perlis, Perak, Pahang, and Johor.
It opined that native auto elements gamers can capitalize on the EV transition by way of technical partnerships and upskilling to develop their buyer base and entry world provide chains.
While world consolidation amongst conventional authentic gear producers (OEMs) is anticipated to create ripple results, impacting native automotive gamers, the analysis home highlighted that Malaysia’s auto market stays resilient, dominated by nationwide marques like Perodua and Proton, which account for almost two-thirds of whole trade quantity.
This presents a twin problem for Japanese automakers, competing in opposition to each nationwide manufacturers and rising gamers, it added.