This could help Malaysia establish itself more and improve our economy
Volkswagen Group Malaysia (VGM) is set to position Malaysia as a strategic export hub for the Volkswagen brand, according to statements by Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. Following discussions between the ministry and VGM officials, plans have emerged for the local manufacture of electric vehicles (EVs) and petrol cars.
Tengku Zafrul noted significant progress, stating that while Volkswagen models were previously imported into Malaysia, the company has now shifted towards local assembly. Notably, the Touareg model marks a significant milestone as it is now being assembled in Malaysia,making it the first time this model is produced outside of Europe.
Moreover, the decision to establish Malaysia as an export hub underscores Volkswagen’s commitment to leveraging the country’s strategic location and favourable business environment. This move aligns with Malaysia’s aspirations to become a key player in the regional automotive sector, capitalising on the growing demand for electric and conventional vehicles.
Tengku Zafrul expressed optimism about the collaboration’s potential to elevate Malaysia’s standing in the automotive industry, positioning the country as a centre for manufacturing and exporting Volkswagen vehicles. This development is expected to stimulate economic growth, create job opportunities, and foster technological advancement within Malaysia’s automotive ecosystem.
On top of that, with the local production of Volkswagen models, Malaysia stands to benefit from increased investments in infrastructure, research, and development. This partnership signifies a shift towards sustainable mobility solutions, supporting Malaysia’s ambition to promote eco-friendly transportation alternatives.
The expansion of Volkswagen’s manufacturing operations in Malaysia signals confidence in the country’s capabilities and underscores Malaysia’s attractiveness as an investment destination for automotive manufacturing. The government’s support for this initiative reflects a commitment to facilitating business growth and fostering a conducive environment for automotive innovation.
As Volkswagen Group Malaysia progresses with its plans to manufacture EVs and petrol models locally, the automotive landscape in Malaysia is poised for transformation. This strategic collaboration is poised to reinforce Malaysia’s position as a hub for automotive manufacturing and export, driving economic progress and technological advancement in the region.
We got all this from NST and their full article is linked here. Thank you NST for the information and images.
