Go Automobile, China's Great Wall Motor in RM2b energy-efficient vehicle venture

International Trade and Industry Minister Datuk Seri Mustapa Mohamed (third from left) shaking hands with Go Automobile Manufacturing Sdn Bhd chief executive officer Ahmad Azam Sulaiman at a press conference announcing the granting of the first energy efficient vehicle license on April 9. Looking on (from left to right) are Malaysian Automotive Institute chairman Datuk Muhamad Noor Yacob, International Trade and Industry Ministry secretary general Datuk Dr Rebecca Fatima Sta Maria, Malaysian Automotive Institute chief executive officer Madani Sahari, state Domestic Trade, Consumer Affairs and Cooperatives committee chairman Datuk Ku Abdul Rahman Ku Ismail and Great Wall Motor Co Ltd international division deputy general manager Roger Wang.

KUALA LUMPUR: Malaysian-owned Go Automobile Manufacturing Sdn Bhd (GAM), in partnership with China’s Great Wall Motor Co Ltd (GWM), will be investing RM2bil to manufacture energy-efficient vehicles (EEVs) in the country.

GAM chief executive officer Ahmad Azam Sulaiman said the investment, which would be done in three phases until 2018, will be financed via external as well as internal funding.