The New Industrial Master Plan 2030 (NIMP2030), set to launch in August, aims to capitalise on the US$2.7 billion ASEAN electric vehicle (EV) market. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz highlighted Chery Malaysia's RM170 million expansion, which will create 4,000 high-skilled jobs. Chery plans to capture 20% of Malaysia's EV market by 2024, aligning with national targets of 15% EV industry volume by 2030 and 38% by 2040.ZAFRUL: NIMP2030 TO CAPITALISE ON US$2.7BIL ASEAN EV MARKET
The New Industrial Master Plan 2030 (NIMP2030), set to launch in August, aims to capitalise on the US$2.7 billion ASEAN electric vehicle (EV) market. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz highlighted Chery Malaysia's RM170 million expansion, which will create 4,000 high-skilled jobs. Chery plans to capture 20% of Malaysia's EV market by 2024, aligning with national targets of 15% EV industry volume by 2030 and 38% by 2040.
