PETALING JAYA: The claims that only 20% of Chinese electric vehicle manufacturer BYD production can be sold locally, and that such vehicles must be priced above RM200,000, are inaccurate, says Datuk Seri Johari Abdul Ghani.
The Investment, Trade and Industry Minister said the condition imposed for the domestic market is a minimum on-the-road (OTR) price of RM100,000 for BYD's CKD vehicles sold domestically.
This ensures local assembly focuses on higher-value segments, preserving market space for national players like Proton and Perodua while still offering affordable EV solutions," he said in a statement on Tuesday (March 31).
Johari was responding to claims that only 20% of BYD’s production can be sold locally, and these vehicles must be priced above RM200,000.
BYD has chosen KLK Techpark to establish its first electric vehicle assembly plant in Malaysia.
Besides KLK TechPark, there are at least two other development sites in the vicinity. One of the sites is part of Proton City.
BYD will be the anchor tenant and take up 150 acres of its KLK TechPark in the first phase.
