Kuala Lumpur: The Malaysian Investment Development Authority (MIDA) and Chery Corporate Malaysia Sdn Bhd have announced the launch of the Chery Premier Supply Chain Synergy Programme, a strategic collaboration involving 35 global suppliers aimed at accelerating the development of Malaysia’s automotive sector.
According to BERNAMA News Agency, this initiative is supported by the Ministry of Investment, Trade and Industry (MITI) and the Malaysia Automotive, Robotics and IoT Institute (MARii). It connects 12 key Chery Technology suppliers from China with 23 Malaysian firms, enhancing Malaysia’s automotive supply chain network.
MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid emphasized the programme’s role in advancing the National Automotive Policy (NAP) 2020. “We aim to unlock mutually beneficial opportunities that drive growth and innovation, aligning perfectly with NAP 2020’s objectives of promoting local vendor development, supporting next-generation vehicles (NxGV), and incorporating Industry 4.0 practices. By fostering these vital links, we envision a future rich with technology transfer, streamlined supply chains, and enhanced industrial capabilities, ultimately benefiting both Malaysia and Chery,” he stated.
MIDA highlighted that the Chery Smart Auto Industrial Park, situated in the Beringin High-Tech Auto Valley, will serve as Chery’s manufacturing hub in the region, marking a significant milestone in Malaysia’s automotive development. As part of this strategic initiative, four memoranda of understanding (MoUs) have been signed. Wuhu Atech Automotive Electronics Co Ltd and Cheling Smart Mobility Technology (Wuhu) Co Ltd have each signed MoUs with Multi-Code Electronics Industries (M) Bhd. Additionally, Zhejiang Wanliyang Co Ltd and Wuhu Qida Power Battery System Co Ltd have formalized their respective partnerships with Chery Corporate Malaysia Sdn Bhd.
These partnerships focus on automotive components, technology transfer, and joint investments, reinforcing Malaysia’s position in the global automotive supply chain. The supply chain initiative addresses the increasing demand for electrification and smart mobility solutions, positioning Malaysia at the forefront of automotive innovation.