Geely's RM30b investment opens new page for national EV ecosystem, says minister

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PUTRAJAYA (April 6): Chinese automaker Zhejiang Geely Holding Group Co Ltd will invest RM30 billion in the development and commercialisation of the Automotive High-Tech Valley (AHTV) in Tanjung Malim, Perak, said Science, Technology and Innovation Minister Chang Lih Kang.

He said the AHTV will open a new chapter in the electric vehicle (EV) ecosystem in Malaysia, and it encompasses the automotive and mobility value chain — from high-tech global research to development centres and related support services for the new energy vehicle industry in Malaysia.

Geely’s investment is in line with the strategic framework for EV development in the country developed by the Ministry of Science, Technology and Innovation (Mosti), Chang said at a press conference here on Thursday (April 6), in conjunction with the results of Prime Minister Datuk Seri Anwar Ibrahim’s recent official visit to China.

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