Is Tesla cancelling plans for Southeast Asia factory? Malaysian Minister of Trade responds
AshleyAug 12, 2024, 11:25 AM
Recently, according to Thailand's "Nation" media reports, Tesla has canceled plans to build new factories in Thailand, Malaysia, or Indonesia, and withdrew the team responsible for the project.
On August 8, Malaysia's Minister of Trade Tengku Zafrul Aziz responded on social media to this matter, saying, "This report is not from Tesla official and it quotes anonymous sources, so its accuracy is to be verified. Secondly, the Malaysian Investment Development Authority (MITI) has never officially announced that Tesla will build a factory in Malaysia. Although we have had exchanges with Musk to explore the possibility of investment cooperation, Tesla has not made a clear commitment."
To promote the development of the electric vehicle industry, the Malaysian government launched the Global BEV initiative, which is open to all electric vehicle manufacturers, with Tesla being one of them. Companies participating in this initiative need to meet the following conditions:
1. Install at least 50 super-fast charging piles of 180 kilowatts or more
2. Ensure that at least 30% of the super-fast charging piles are open to other brand electric vehicles
3. Collaborate with at least 10 local companies to jointly develop charging infrastructure
Data shows that Malaysia has achieved significant success in attracting foreign investment. From 2022 to the first quarter of 2024, Malaysia attracted a total of 24.55 billion ringgit in investment related to the electric vehicle manufacturing industry. Furthermore, in the first quarter of 2024, Malaysia attracted a total of 837 billion ringgit in investment, a 13 percent increase from the same period last year. Whether Tesla will build factories in Malaysia is still undecided. But the Malaysian government is committed to developing the electric vehicle industry and providing support to all eligible companies.
If any infringement occurs, please contact us for deletion
Trending News
The all-new Lexus ES announces pre-sale on March 20: Say goodbye to pure gasoline engines and launch a pure electric version
Lexus's bestseller sedan, the ES, ushers in a major overhaul, officially confirmed to start pre-sales on March 20. The new car has not only undergone significant size extensions based on the GA-K platform but has also made a complete transformation in its powertrain logic — abandoning purely fuel-powered engines in favor of the ES 300h hybrid and the brand-new ES 350e/500e fully electric versions, officially joining the luxury electric sedan market competition.
The Lexus ES 200: Laughed Out of Existence
With the official debut of the eighth-generation Lexus ES in the global market, we quickly realized that the once entry-level model ES 200 has completely disappeared. Now only the ES 350h, ES 350e, and ES 500e remain, and for this reason, the Lexus ES 200 was launched with a two-tone body in the Chinese market as a commemorative edition.
Toyota recalls over 3 million vehicles worldwide, including Camry, Land Cruiser, and Lexus
According to the latest news, Toyota has officially launched a large-scale global recall involving approximately 3.3 million vehicles due to a defect in the reverse assist system software, which may cause the screen to freeze at critical moments.
Before buying the Chery Omoda 5, you must know some issues
Chery Omoda 5, as a key model for the Chinese brand Chery to enter Malaysia's B-Segment SUV market, has attracted considerable attention since its launch with its impressive features, enticing warranty policies, and market promotions. However, despite the hype, various issues reported by real owners are gradually emerging.
Toyota Land Cruiser FJ confirmed to launch in Thailand on March 21, expected to start from RM137k
For those obsessed with the rugged DNA of the Land Cruiser but deterred by the high price tags of the 300 Series or 250 Series, this compact off-road vehicle built on the IMV 0 platform is undoubtedly the most anticipated surprise of the year.
Popular Cars
Model Year
Car Compare
Car Photo