KUALA LUMPUR: Chinese electric vehicle (EV) manufacturer BYD Company Limited will set up its first automotive assembly plant in Malaysia at KLK TechPark, Tanjong Malim, Perak.
BYD’s investment was secured in just three months through the Muallim Speed-Lane (M-SL) fast-track construction project, introduced in 2023 to establish the Muallim district as a key player in the international automotive sector.
KLK Land Sdn Bhd, the property arm of Kuala Lumpur Kepong Bhd
(KLK), in a statement said, BYD's presence in Perak is expected to be a catalyst for Malaysia's EV sector.
“The new assembling plant will not only create employment opportunities but also support technology transfer, enhance expertise in EV manufacturing and encourage the growth of supporting industries.
“These spillover effects will enable local companies to participate in the global EV supply chain, further advancing Malaysia’s position in the regional automotive landscape,” KLK Land said.
KLK TechPark, a 1,500-acre hub by KLK Land, offers the infrastructure and ecosystem to attract high-value investments like BYD and drive Perak’s manufacturing growth.
BYD will be the anchor tenant and take up 150 acres of its KLK TechPark in the first phase.
Subsequent phases designed to attract vendors and businesses that can contribute to a complete
and competitive automotive ecosystem.
KLK executive chairman Tan Sri Lee Oi Hian said KLK TechPark is a long-term development made possible through close collaboration with the Perak state government.
He expressed gratitude to Perak Mentri Besar Datuk Seri Saarani Mohamad and state tourism, industry, investment and corridor development committee chairman Loh Sze Yee for their pivotal role in bringing all parties together.
“KLK’s roots are in Perak, where we first built our foundation and we remain committed to create positive impact in a sustainable way for future generations.
“We look forward to work with the State Government in supporting Perak’s move towards high-value industrialisation and contributing to the State’s socio-economic progress.”
