Tag: EV

Malaysia, China To Co-build Future Industries, TVET First Line Of Readiness – Ahmad Zahid

KUALA LUMPUR, May 12 -- Malaysia and China will deepen cooperation to co-develop future industries, with Technical and Vocational Education and Training (TVET) serving as Malaysia’s first line of readiness for the future economy, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. He said both countries must move beyond traditional trade, identifying electric mobility, battery technology, renewable energy, smart manufacturing, digital systems and talent development as key areas of collaboration. “Malaysia brings strategic geography, a growing industrial base and a young, trainable workforce. China brings technological depth, industrial scale and proven leadership in new energy industries. “Together, we can build more than bilateral success. We can strengthen regional value chains, support ASEAN’s industrial transformation and create a partnership that is not only good for Malaysia and China, but meaningful for the future of this region,” he said. He said this while delivering his keynote address at the Malaysia-China Forum on Electric Vehicle (EV), Battery and New Energy Talent Development and Innovation (MCEF 2026) at the Asia School of Business here today.

KUALA LUMPUR, May 12 — Malaysia and China will deepen cooperation to co-develop future industries, with Technical and Vocational Education and Training (TVET) serving as Malaysia’s first line of readiness for the future economy, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. He said both countries must move beyond traditional trade, identifying electric […]

Rising Oil Prices Expected to Boost EV Adoption in Malaysia, Says CIMB Securities

KUALA LUMPUR: Malaysia’s transition towards electric vehicles (EVs) is likely to gain momentum בעקבות rising global crude oil prices, particularly among buyers in the premium internal combustion engine (ICE) segment, according to CIMB Securities Sdn Bhd. In a research note released today, the firm projected that EV adoption across the country will accelerate in 2026, driven in part by the anticipated launch of the Proton e.MAS 5. Continued tax incentives for locally assembled (CKD) EVs are also expected to support this growth. At the same time, CIMB Securities noted that the recent temporary adjustment to the BUDI95 fuel quota is unlikely to significantly impact the mass market segment. This is because most national car models are designed with smaller engines and are more fuel-efficient. Based on estimates from the Malaysian Road Safety Research Institute, private vehicles in Malaysia average about 28,000 kilometres annually. Looking at the country’s top-selling models in 2025—Perodua Bezza, Axia, Myvi, Alza, and Proton Saga—the firm estimates yearly fuel consumption to range between 1,100 and 1,500 litres. Even when accounting for higher usage, CIMB Securities said the revised BUDI95 quota still provides sufficient capacity for most drivers. Prime Minister Datuk Seri Anwar Ibrahim recently announced that the monthly individual limit for BUDI95 fuel purchases will be temporarily reduced from 300 litres to 200 litres starting April 1, citing ongoing geopolitical tensions in West Asia. He added that the adjustment is expected to have minimal impact on the public, as average monthly fuel consumption is حوالي 100 litres, with nearly 90 percent of consumers using less than 200 litres per month.

KUALA LUMPUR — Malaysia’s transition towards electric vehicles (EVs) is likely to gain momentum rising global crude oil prices, particularly among buyers in the premium internal combustion engine (ICE) segment, according to CIMB Securities Sdn Bhd. In a research note released today, the firm projected that EV adoption across the country will accelerate in 2026, […]

TNB–TM Expand Green Energy And Digital Infrastructure For Customer Benefit

KUALA LUMPUR — Tenaga Nasional Berhad (TNB) and Telekom Malaysia (TM) have announced a strategic collaboration aimed at strengthening green energy solutions and developing smarter, more sustainable energy and telecommunications infrastructure nationwide. The partnership was formalised through the exchange of a memorandum of understanding (MoU) on March 9, combining the green energy and digital expertise of […]