Malaysia is hoping to turn out to be a manufacturing hub for electrical autos in Southeast Asia, seeing enormous potential due to its 40 years of car-making expertise since 1983 and its robust semiconductor trade. Or not less than, so says deputy minister of worldwide commerce and trade (MITI) Liew Chin Tong, in response to The Edge.
The enterprise publication quoted the official as saying that the nation goals to foster higher 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 attention-grabbing place; we’re the sixth largest exporter of semiconductor merchandise on the earth. Whereas we might not have a homegrown model, we play a really large 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 yr, he was informed by US Secretary of Commerce Gina M Raimondo that automotive factories within the space had 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 corporations in Malaysia contributed considerably in international automotive chips. Subsequently, when speak about automotive trade, particularly the electrification of mobility, it will be important that we don’t work in silos or focus solely on particular person verticals.
“I wish to see this trade cross within the horizontal method, [fostering the] creation of recent merchandise, built-in circuit designs, and automotive chips which are proudly Malaysian. This may allow us to not solely export automotive components but additionally automotive chips,” he mentioned.
Liew added that Malaysia additionally intends to cut back the nation’s petroleum consumption by switching over to electrified mobility. “In case you ask round, most individuals would suppose that this nation is a internet exporter of petroleum, which isn’t true. We’re…the twenty first largest internet importer of petroleum.
“I encourage you to suppose boldly and supply 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 total petrol consumption,” he mentioned.
Liew additionally talked about that Malaysia is poised to realize the federal government’s goal for EVs to make up 20% of the entire trade quantity (TIV) by 2030, 50% by 2040 and 80% by 2050. “Whereas it appears formidable particularly on condition that we’re ranging from a low base, the Worldwide Power Company’s annual International EV Outlook highlights some key developments — 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 isn’t a far-fetched goal, however it’s going to require a whole lot of concerted effort. It can require us to be daring and suppose outdoors the field,” he mentioned.
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