Geely to provide tech guidance for project that will create 200 jobs

KUALA LUMPUR, April 18 — RHB Investment Bank Bhd (RHB IB) has maintained a ‘neutral' recommendation for the automotive and automotive components sector.

SYDNEY, March 25 — China's Xiaomi Corp said today it had raised US$5.5 billion (RM24.75 billion) in an upsized share sale as the company pushes forward with its ambitious electric vehicle manufacturing plans.

KUALA LUMPUR, March 24 — The top 15 per cent (T15) income bracket fuel subsidy eligibility criteria, to be finalised by mid-2025, may push some consumers to downgrade their vehicle choices or switch to electric vehicles (EVs), according to MIDF Research.

NEW DELHI, Jan 16 — Automakers operating in India plan to launch close to a dozen new electric car models this year, many in the premium market, with longer driving ranges and faster charging times, to attract buyers as demand for EVs slows down globally.

KUALA LUMPUR, Jan 7 — Proton Holdings Bhd closed out last year on a high note after selling 14,601 cars in December, a 19.7 per cent increase over the previous month and the second highest sales figure for 2024.

SHANGHAI/BEIJING, Dec 9 — China's top electric vehicle producer BYD is set to show further market share gains when November vehicle sales data is released later today, putting it on course to exceed its annual goal and overtake Ford and Honda in global sales.

TOKYO, Dec 5 — In early October, Nissan Motor managers dialled in for a regular online meeting with boss Makoto Uchida only to hear a grim message: business was worse than expected and the Japanese car maker had to cut jobs and production.

KUALA LUMPUR, Oct 23 — The government should consider including charging stations as national grid assets to support the potential increase in electric vehicles (EVs) in Malaysia, said Puchong MP Yeo Bee Yin.

KUALA LUMPUR, Aug 10 — A representative from Tesla’s headquarters in the United States will be meeting with the Ministry of Investment, Trade and Industry (Miti) on August 22 to discuss the corporation’s investment plans in Malaysia.

TOKYO, May 20 — Japan and the Association of Southeast Asian Nations (Asean) plan to create their first joint strategy on automobile production and sales within the Southeast Asian bloc to counter China's increasing presence in the electric vehicle market, Nikkei newspaper reported on Monday.

MANILA, May 10 — Numerous countries including the United States and China have expressed interest in collaborating with the Philippines for mining opportunities particularly in nickel, its environment minister said on Friday.

KUALA LUMPUR, May 9 — Volkswagen Group Malaysia (VGM) plans to designate Malaysia as an export hub for the Volkswagen brand, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, April 26 — Tesla has slashed prices for its Model 3 and Model Y by RM8,000, in line with its mission to accelerate the world’s transition to sustainable energy and popularise the use of electric vehicles (EV).

KUALA LUMPUR, April 12 — Electrical vehicle (EV) adoption in Asean will continue to increase due to favourable regulations, launch of new models at lower prices by Chinese EV makers as well as large automotive production base and significant demand in the region, according to analysts.

WASHINGTON, April 6 — Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters.

TOKYO, March 15 — Japanese car makers Honda and Nissan have decided to sign a Memorandum of Understanding on a comprehensive cooperation in their electric vehicle businesses, public broadcaster NHK reported on Friday.

By Amar Shah Mohsen SHAH ALAM, March 12 — Selangor is the state with the most electric vehicle (EV) charging stations in the country, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.  In a written parliamentary reply, Zafrul noted that Selangor...

BEIJING, March 12 — China's Xiaomi said on Tuesday it will start deliveries of its first electric vehicle (EV) model SU7 this month, venturing into the world's largest auto market amid a brutal price war.

KUALA LUMPUR, Feb 20 — Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz has encouraged electric vehicle (EV) automakers with Malaysian facilities to consider making Malaysia their hub to supply and service the fast-growing EV market in Asean.