New national car model set to be launched in March 2021


  • Nation
  • Friday, 09 Aug 2019

CYBERJAYA: The first model of Malaysia's new national car is set to be launched by March 2021, and it will likely be a C-segment sedan.

Cyberjaya company DreamEDGE Sdn Bhd has been announced by International Trade and Industry Minister Datuk Darell Leiking as the anchor company to develop the car project.

It was also revealed that Japanese car maker Daihatsu Motor Company will be "lending support" in areas of advanced technology.

Daihatsu, however, will not be an equity partner.

Leiking said the project will be privately funded and would not use government funds.

"They (DreamEDGE) have a good business model and we believe this can work.

"They have presented their proposal to the Prime Minister, and he is convinced with it," said Leiking at a press conference here at I-Tech Tower, where the company's headquarters is.

The new car maker has yet to be given a name.

The company is expected to present an engineering capability model mock-up by the end of this month, with the first prototype scheduled to be launched in March 2020.

Media Release: MITI announces new national car to spur industry curve
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Nation

Police issue timely SOP reminders via graphics on FB
Private hospitals to insurance firms: Extend coverage for Covid-19 treatment
Cops arrest two men in connection with snatch theft case
Former Lord President Tun Salleh Abas passes away, aged 91
Get ready for a better and OXpicious new year
Miti is the avenue to get answers
Klang cops shed light on permitted operation
So can they open for business or not?
End of the road for two motorcycle theft gangs
Grass cutter denies obstructing police officer on duty

Stories You'll Enjoy