KUALA LUMPUR: Malaysia is on track to join the developed world in achieving its net zero emission goals with the partnership between two big South-East Asian green tech companies, says Deputy National Unity Minister Wan Ahmad Fayhsal Wan Ahmad Kamal.
He added that the new joint venture (JV) between Computer Forms Bhd (CFMB) and Energy Absolute Public Company Ltd, an electric vehicle (EV) and renewable energy (RE) technology company from Thailand, is expected to revolutionise the Malaysian EV and RE sectors in the hopes of eventually phasing out Malaysia’s dependence on fossil fuels.
“Fossil fuels have never been a reliable source of energy due to its finite supply and the fact that it destroys the environment, while accelerating the effects of climate change.
“Recent geopolitical tensions, supply chain bottlenecks and rising inflation have made it paramount for both the private and public sectors to shift towards sustainable practices so we can remain competitive globally while reducing our nation’s carbon footprint.
“We need more foreign expertise like Energy Absolute to help us accelerate the greening of our vehicle and energy industries,” he said in a speech at the heads of agreement (HOA) signing ceremony between the two companies here yesterday.
CFMB managing director Datuk Wira Justin Lim said that the JV would work towards transforming Malaysia’s transportation system through the introduction of EVs into the market and investments into expanding the EV ecosystem.
“The company first plans to bring in fully built electric buses from Thailand for its first phase, and eventually introduce electric cars, bikes, trains and boats along with continuous investments into lithium ion battery production, energy storage systems and charging stations across the country,” he said.
