THE recent reports on Chinese electric vehicle (EV) giant BYD Co Ltd’s investment in Tanjung Malim for its complete knocked-down (CKD) assembly plant hitting a snag were due to disagreements with the Investment, Trade and Industry Ministry (Miti) over the terms for licence approval.
It was reported that the government has imposed requirements for the new factory to operate on an 80% export quota and 20% for domestic sales (provided the on-the-road price floor of RM100,000 is applied).
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