Geely’s investment was in line with the strategic framework for EV development in the country developed by the Science, Technology and Innovation Ministry (Mosti), said Minister Chang. — Reuters
Petaling jaya: Chinese automaker Zhejiang Geely Holding Group Co Ltd will invest RM30bil in the development and commercialisation of the Automotive High-Tech Valley (AHTV) in Tanjung Malim, Perak, says Science, Technology and Innovation Minister Chang Lih Kang.
He said the AHTV will open a new chapter in the electric vehicle (EV) ecosystem in Malaysia and it encompasses the automotive and mobility value chain, from high-tech global research and development centres and related support services for the new energy vehicle industry in Malaysia.
