00:00Industry experts say that Putrajaya's new electric vehicle policy seeks to ensure Malaysia's automotive ecosystem gains real value from foreign
00:10car makers, rather than evolve into a mere supermarket for imported brands.
00:15University Technology Petronas adjunct lecturer Samirul Arif Othman said the policy introduced by the Investment, Trade and Industry Ministry is
00:24not intended to exclude foreign EV makers altogether.
00:27Instead, he said it seeks to ensure that new entrants make meaningful contributions to the development of the local industry.
00:36He said the issue is not about who is allowed to enter the market, but the conditions they must meet,
00:42stressing that the focus is less on nationality and more on ensuring Malaysia does not become just a consumption market,
00:49especially amid global EV oversupply and intense price competition.
00:54Samirul said Miti's policy creates space for national players in the industry while helping the automotive ecosystem to evolve rather
01:02than face decay.
01:04He was responding to recent criticisms of Miti's policy and the strict conditions imposed on a proposed investment by Chinese
01:12EV manufacturer BYD, which critics claim was an attempt to shut out the Chinese automaker.
01:18Meanwhile, Small and Medium Enterprises Association of Malaysia President William Ng cautioned that without strong localization requirements, the foundation of
01:28the local EV industry could be eroded and Malaysia risks missing the opportunity to become a regional export hub.
01:35Atosha Boost FMT
01:38Atosha Boost FMT
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