00:00Today, coincidentally, in Hanzhong, Premier Li Qiang of China visited Jili Bank, to announce
00:19a joint venture between China and Jili Bank, and I am here to not only give an opportunity
00:31to launch the E-MAS7 EV model, but also to give a strong support.
00:41For example, for ASEAN next year, E-MAS7 is our official name.
00:54In the near future, I am also happy to see that this car will be built in Malaysia, in Tanjung Malim,
01:01uplifting Malaysian vendors through the transfer of new technologies and skills associated with EVs.
01:11Now, as a national car producer, Proton should leverage on the role in the local automotive industry
01:20and this EV project. The National Automotive Policy 2020 should be a reference by Proton
01:28in producing this model later in the country. It is incumbent, therefore, on companies that operate
01:35in our automotive industry, not just to sell vehicles, but also to provide opportunities
01:42for investment and employment via the setting up of a holistic ecosystem.
01:50The duty of the government, for example, not only advise on industry-friendly policies
01:57and incentives, of course, that would benefit both the country and the industry,
02:04but also to ensure that we do provide the adequate infrastructure, which means airports, ports, highways,
02:14and then the ecosystem. But your challenge and our challenge too is the supply side.
02:22We must ensure that you have the capacity and a clear policy to encourage local production
02:33and support the local industries, the local vendors, including the women butlers.
02:40Now, today, more than 75% of the energy consumed in Asia comes from hydrocarbons
02:49and demand is projected to double by 2030. Now, we must balance demand with security, affordability,
02:58and sustainability. Under the Responsible Transition Initiative,
03:06Malaysia enhances its competitiveness by reducing our fossil fuel dependencies
03:14and nurture growth in green mobility, renewable energy, and energy storage solutions.
03:21Our projections indicate this could yield investment opportunities as high as
03:281.3 trillion ringgit by 2050, an additional contribution of 220 billion ringgit
03:41to the Malaysian GDP and generate, inshallah, over 300,000 job opportunities.
03:55Now, on the automotive front, we have the low-carbon mobility blueprint
04:01to reduce emissions from the transportation sector, which currently ranks as the second-largest
04:08CO2 emitter, and our framework includes four key areas of focus.
04:16The launch of Proton's first SUV EV today is extremely timely and it will be a catalyst
04:25that moves us into the next era of low-carbon mobility.
04:30It is the government's wish for Proton and its strategic partner Geely
04:34to continue to lead the development of Malaysia's automotive competencies and ecosystem.
04:41I am confident that with the development of Automotive Hitech Valley in Tanjung Malim,
04:47more local vendors will be involved with the production not only of Proton cars,
04:53but also for other brands. This would be a shining example of the networking opportunities
05:00and economic cooperation that has existed between Malaysia and China for over 50 years,
05:09and I commend both parties for their creativity and diligence to make this partnership a success.
05:16May I add that in most of my meetings with President Xi Jinping, Premier Lee Chiang,
05:23Geely Proton will most certainly come up, which shows the commitment of both China and Malaysia
05:36to ensure that this arrangement succeeds and it is in our interest too that we do what is necessary
05:49to make sure that this venture succeeds.
05:52Now, the DRB-HICOM and Geely partnership, which involves also the commitment of these two
06:06very friendly relations between China and Malaysia, is an example that proves
06:12Malaysia is an independent trading nation with a high-tech economy,
06:18providing high-value goods for the region and the rest of the world.
06:23Now, moving forward, we intend for this partnership to further support our economy and our people.
06:32I therefore would like to reiterate what I have said often times,
06:40that this must be treated as a major challenge for us.
06:45Proton and Geely, thank you for your hard work to make the nation's EV ambitions a reality,
06:53but it is just a beginning.
06:57And I therefore need to express my profound appreciation not only to the companies,
07:04but to the professionals and our Malaysian workers who have been there, committed to ensure the success.
07:15So, once again, I would like to express my appreciation and pride.
07:22Today is a special day.
07:24E-MAS 7 is not only a vehicle, but it fulfills one of the pillars of the civil economy,
07:37from the point of view of EV and our efforts to make changes,
07:43leaving the old carbon industry to the new one.
07:48It is therefore my honour to officially launch the first SUV EV with Proton's brand, the Proton E-MAS 7.
08:18E-MAS 7
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