KUALA LUMPUR: Investments totalling RM14.7 billion have been approved in the electric vehicle (EV) ecosystem from 2018 to September 2022, covering the assembly of vehicles, EV components and charging components, said International Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
He said among the approved investments was the RM7 billion investment by Samsung SDI Energy Malaysia Sdn Bhd to set up an EV battery cell manufacturing facility, making Malaysia its first production location in Southeast Asia.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
