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GreenTech Malaysia aiming to deploy 25,000 EV chargers by 2020, introduces ChargEV network

GreenTech Malaysia aiming to deploy 25,000 EV chargers by 2020, introduces ChargEV network
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Malaysia lags behind ASEAN on EV incentives – report

Malaysia lags behind ASEAN on EV incentives – report 20 February 2021 3:46 pm / 93 comments It’s no secret that Malaysia has dragged its feet in stimulating the public’s adoption of electric vehicles, and this was highlighted in a damning analysis report by Maybank Investment Bank Research. The article showed just how far the country has fallen behind its Southeast Asian peers, despite having initially led the race for green vehicles in the early 2010s. The bank’s research arm said that Malaysia’s roadmap for the future of its automotive industry, the National Automotive Policy (NAP) 2020, lacks definition. Delayed for several months, the plan debuted in the final days of the previous Pakatan Harapan administration; notably, it did not provide specifics regarding any incentives for industry players, nor any concrete details on the then-nascent New National Car Project (NNCP), which has now gone silent.

Republic ofJawa baratPakatan harapanNational automotive policyNational car projectMaybank investment bank researchMaybank investment bankSoutheast asianNew national car projectNext generation vehicleElectric mobility blueprintMutiara damansaraHyundai sime darby motorsSime darby motorsMercedes benz malaysiaகுடியரசு ஆஃப்

M sia making inroads into electric vehicle segment

Maybank IB said the deal, if it materialises, will see Sime Darby and Bermaz Auto (BAuto) being key beneficiaries through their equity stake in Inokom. “Inokom is owned by a consortium of shareholders, namely, Sime Darby Motors (51%), BAuto (29%), Hyundai Motor Company of South Korea (15%) and Sime Darby Hyundai (5%). “We conservatively estimate that Inokom generates about RM50mil per annum for every 1,000 CKD units. “That equates to an annual pre-tax profit of RM14.5mil to BAuto and RM28mil to Sime Darby, based on their respective equity stakes, representing roughly 10% and 3% of their respective group profits for the financial period ending 2022.”

South koreaMalaysia generalSime darbyMaybank investment bank researchMalaysia national automotive policyHyundai motor company of south koreaInvestment bank researchNational automotive policySime darby motorsHyundai motor companySime darby hyundaiElectric mobility blueprintElectric vehicleதெற்கு கொரியாமலேசியா ஜநரல்மேபேங்க் முதலீடு வங்கி ஆராய்ச்சி