Malaysia is hoping to turn 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 line with The Edge.
The enterprise publication quoted the official as saying that the nation goals to foster better integration between its automotive and semiconductor sectors, with the aim of changing 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 earth. Whereas we could not have a homegrown model, we play a really huge function 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 instructed by US Secretary of Commerce Gina M Raimondo that automotive factories within the space have been pressured to close down because of Malaysia going into its Motion Management Order (MCO) lockdown through the COVID-19 pandemic.
“It’s 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 speak about automotive trade, particularly the electrification of mobility, it is vital that we don’t work in silos or focus solely on particular person verticals.
“I want 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 may allow us to not solely export automotive elements but in addition automotive chips,” he mentioned.
Liew added that Malaysia additionally intends to scale back the nation’s petroleum consumption by switching over to electrified mobility. “Should you ask round, most individuals would suppose that this nation is a web exporter of petroleum, which isn’t true. We’re…the twenty first largest web importer of petroleum.
“I encourage you to suppose boldly and provide 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 geared toward decreasing general 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 trade quantity (TIV) by 2030, 50% by 2040 and 80% by 2050. “Whereas it appears bold particularly provided that we’re ranging from a low base, the Worldwide Vitality Company’s annual International EV Outlook highlights some key tendencies — 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, attaining 20% of TIV by 2030 will not be a far-fetched goal, however it’ll require a number of concerted effort. It would require us to be daring and suppose outdoors the field,” he mentioned.
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