UMW Toyota unveils Beyond Zero initiative

Green effort: (From left) UMW Holdings Bhd president and group chief executive Mustamir Mohamad, UMW Toyota deputy chairman Takashi Obata, Tengku Zafrul, Science, Technology and Innovation Minister Chang Lih Kang, Asia Region Toyota Motor Corp chief executive Masahiko Maeda and Ravindran at the Beyond Zero launch.

PETALING JAYA: Electric vehicle (EV) manufacturers with Malaysian facilities are encouraged to consider the country as a hub to supply and serve the rapidly expanding EV market in Asean, says Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

He pointed out that the Asean EV market is expected to grow at a compound annual growth rate of 33% to US$2.7bil by 2027 from around US$500mil in 2021.