Analysts foresee increased localization investment in...

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2024-12-23 08:25:52

Analysts foresee increased localization investment in Malaysia’s EV sector next year

Analysts have foreseen increased localization investment from original equipment manufactures (OEMs) in Malaysia electric vehicle (EV) sector next year as incentives for completely built up (CBU) EVs are set to expire. Maybank Investment Bank said in its recent report that it expects to see more EV developments in Malaysia next year. This comes as the import duty and excise duty exemptions...

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