BYD Malaysia CKD plans stalled - MITI sets RM200k min price, 80% export terms to protect local brands?

BYD Rethinks Malaysia Plant As New Rules Complicate Tanjung Malim Plans

Subscribe to our FREE Newsletter, or Telegram and WhatsApp channels for the latest stories and updates. Plans by Chinese electric vehicle giant BYD to set up a major assembly plant in Malaysia are now allegedly in limbo, despite earlier expectations that the project would help transform Perak into a regional EV hub. The company is reportedly re-evaluating its plans for a local assembly (CKD) plant in Tanjung Malim after failing to agree to new c…

BYD Reportedly Reconsidering Tanjong Malim CKD Plans

BYD is reportedly re-evaluating its plans to establish a completely knocked down (CKD) assembly facility in Tanjong Malim, according to a recent report by The Edge Malaysia. At the centre of the issue are conditions set by the Ministry of Investment, Trade and Industry (MITI), which require the company to export up to 80% of vehicles assembled locally, while ensuring that 20% of the remaining units sold domestically are priced above RM200,000. T…

BYD Malaysia CKD plans stalled - MITI sets RM200k min price, 80% export terms to protect local brands?

Remember the big news from last August, when BYD Malaysia confirmed plans to set up a local assembly plant in Tanjong Malim, Perak? If you’ve wondered why there has been no update on the progress of the facility, which was expected to begin production in the second half of this year, the reason for that silence has been revealed. As The Edge reports, the fate of the plant, which was supposed to have been 100% funded by BYD, is up in the air, as …