Kuala lumpur: Malaysia's automotive ecosystem is reinforcing its status as a competitive base for higher-value vehicle assembly and export-oriented manufacturing, as highlighted by Deputy Minister of Investment, Trade and Industry Sim Tze Tzin.
According to BERNAMA News Agency, Sim Tze Tzin emphasized the synergy between Malaysia's established automotive supply chain and its skilled workforce, which bolsters the nation's capability to support sophisticated vehicle assembly and export-driven manufacturing activities. He remarked on Malaysia's mature ecosystem, comprising over 640 specialized vendors and a proficient technical workforce, providing a solid foundation for manufacturers.
Sim noted that the local assembly activities align with the New Industrial Master Plan 2030 (NIMP 2030), focusing on increasing economic complexity, enhancing domestic vendor involvement, and deepening technological expertise through meaningful technology transfer. He also pointed out Malaysia's participation in 17 free trade agreements (FTAs), both bilateral and regional, facilitating globally competitive, duty-free exports for locally assembled vehicles.
Looking forward, Sim underscored the necessity of a deepened long-term industrial commitment to position Malaysia as a sustainable export hub, especially for right-hand-drive markets. He highlighted the importance of transitioning towards new energy vehicles, including hybrid and battery electric vehicles (BEVs), ensuring consumer confidence with robust safety standards and reliable after-sales support.