KUALA LUMPUR: Tesla’s reported decision to abandon plans to build electric vehicle (EV) factories in Thailand, Malaysia and Indonesia has been attributed to business losses and competition from China, says Datuk Seri Anwar Ibrahim.
The Prime Minister said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz had received direct information regarding Tesla’s situation.“He has received the latest information that Tesla is facing losses and cannot compete with EVs from China,” he told reporters after launching the management and governance guidelines for federal statutory bodies yesterday.
