Seize The Day As China Disrupts The Automotive Market


 

Last month was a seminal moment for Malaysia’s automotive industry, when a China-origin car, the Proton X50, topped the sales chart for the first time.
China’s auto sector had also seized a global lead in sales of electric vehicles when Shenzhen-based BYD announced that it had sold 2.3 million “new energy vehicles” to about 70 countries. New Energy Vehicle is China-speak for EVs.
Malaysia must seize the moment in terms of engagement with the China auto sector participants.
The major car makers in China are hungry for overseas sales and the 600+ million population of the Southeast Asia region is a magnet, as it has been previously for the West and Japan.
It’s certain that China’s car makers will aggressively seek to invest in joint ventures with suitable and established local partners.
So far, Proton’s partnership with the Zhejiang-Geely group has seen a successful trend including the X70 winning the NST Car of the Year Award in January 2020.
The X50 was last month’s sales champion though categorised as a sports utility vehicle (SUV). It was the first time that an SUV-type of vehicle has outsold the traditional saloon car.
There are important lessons to be drawn from the July sales figures released by Proton.
The big picture is that China is starting to roll out cars that are winning sales internationally and in Southeast Asia specifically. Think of the MG electric vehicle, made by state-owned SAIC, which was sold out following its debut at the Bangkok international motor show earlier this year.
How can Malaysia benefit from China’s disruption of the automotive market?
It’s apparent that car makers from China will follow the strategy of Toyota and Honda in Southeast Asia – they will invest in local assembly in each of the three major car markets: Thailand, Indonesia and Malaysia, a country which is valued for the buying power of its motorists more than its small population.
Malaysia must reach for China’s car makers and greet them eagerly.
Proton-Geely’s success is an example to learn what-to-do and what not-to-do.
Then there is the opportunity to seize the disruption of autonomous vehicles technology that the US and China auto industries are leading.
This is the forward vision that the government should embrace as automotive vehicle technology for commercial fleets will require lots and lots more of semiconductors and IT in autonomous vehicles. The money on the table, if it comes, will probably come from China car makers, not the US.
The government should be realistic and understand that there’s only a bit of Asean neighbourliness when it comes to competing for foreign direct investment in the automotive sector.
That’s why I’ve put the focus on Southeast Asia rather than on Asean.
It’s a no-holds barred competition which some of Malaysia’s leaders seem to appreciate. Many of them, though, are still complacent about Malaysia’s low desirability as an investment destination for automakers, China’s included.
The government knows about auto policy. We had a national car policy which led to Proton growing in corporate stature after the government mostly depoliticised the national car company when it approved the JV with Zhejiang-Geely.
Now seems to be the right time to have a more inclusive policy for the automotive industry.
In this regard, observe Penang’s sustained growth into a regional hub for semiconductors. This was due to the state government’s investor-friendly policies ably executed by its then chief minister, the late Lim Chong Eu.
Malaysia can do this again for this new era of vehicles being invented by the China car industry.
We don’t need to imagine the new paradigms. It’s happening in Thailand where the Petroleum Authority of Thailand has been given the green light by its government to enter a US$1.04 billion joint venture with Taiwan’s Foxconn to make EV batteries.
Malaysia’s key electric supplier, TNB, is stepping up its automotive sector electrification agenda as announced by its CEO last week. But when will more corporations and GLCs start positioning themselves for the new era of electrification?
The automotive industry is a key employer with a deep need for skilled human resources and the government should have a target of getting at least four of the ranking China car makers to invest in Malaysia within the next three years. - FMT
The views expressed are those of the writer and do not necessarily reflect those of MMKtT.


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2022/08/seize-day-as-china-disrupts-automotive.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Malaysia S Interest In The India China Rivalry

Malaysia S Interest In The India China Rivalry

papar berkaitan - pada 16/8/2022 - jumlah : 188 hits
From Collins ChongIndia s 75th independence day yesterday provides the opportunity for a fresh reflection on the growing power role and influence of New Delhi in regional and global stability and progress Its ties with Malaysia remain cruci...
Let S Celebrate Merdeka With Elevete Patisserie Desserts The Merdeka And Malaysia Day Collection

Let S Celebrate Merdeka With Elevete Patisserie Desserts The Merdeka And Malaysia Day Collection

papar berkaitan - pada 18/8/2022 - jumlah : 329 hits
Let s Celebrate Merdeka With Elevete Patisserie Desserts The Merdeka And Malaysia Day Collection The past two years have seen Malaysians unite to support each other from helping those who were impacted by the pandemic to assisting flash flo...
A Secure Day Out With The New Samsung Galaxy A53 5g

A Secure Day Out With The New Samsung Galaxy A53 5g

papar berkaitan - pada 2/8/2022 - jumlah : 281 hits
How the Galaxy A53 5G makes your mobile experience secure Connect Securely Wherever You Are You re at a coffee shop and want to connect to its Wi Fi But you also want to be extra careful and make sure it s safe That s where the Secure Wi Fi...
Celebrate The New Together With Fashion Forward Samsung Home Appliances And Enjoy Savings Up To Rm1 200 More

Celebrate The New Together With Fashion Forward Samsung Home Appliances And Enjoy Savings Up To Rm1 200 More

papar berkaitan - pada 4/8/2022 - jumlah : 335 hits
Uplift your spirit and give your home a fresh spin this Merdeka with Samsung s Celebrating the New Together promotion and its innovative fashion forward home appliances Until 30 September 2022 Malaysians will get to enjoy savings up to RM1 ...
One Can T Keep Blaming The Courts

One Can T Keep Blaming The Courts

papar berkaitan - pada 5/8/2022 - jumlah : 412 hits
From Hafiz HassanThe view reported in FMT s that the Federal Court was being unduly harsh on former prime minister Najib Razak in not allowing his newly constituted legal team s application more time to prepare for his case should remind la...
Innovation Connectivity Collaboration Pave The Way For A Deeper Understanding Of Yourself With Samsung Wellness

Innovation Connectivity Collaboration Pave The Way For A Deeper Understanding Of Yourself With Samsung Wellness

papar berkaitan - pada 4/8/2022 - jumlah : 1173 hits
Next week Samsung will share its latest line up of innovative products designed to enhance users everyday lives including updates that empower fitness and wellness routines Ahead of the unveiling we d like to take the time to reflect on our...
The Unwritten Contract Of Eating Out

The Unwritten Contract Of Eating Out

papar berkaitan - pada 4/8/2022 - jumlah : 293 hits
From Concerned NationalistThe World Health Organization recently declared monkeypox a public health emergency This declaration has caused public fatigue and ignited worries about a potential pandemic akin to Covid 19 Covid 19 resulted in ma...
Generational End Game Another Tool Of The Fascist State

Generational End Game Another Tool Of The Fascist State

papar berkaitan - pada 4/8/2022 - jumlah : 309 hits
So we are actually not talking about children we are talking about people who are 18 years old who can vote and in the Constitution certain freedoms are guaranteed that is they have the right to make a choice on smoking Mohamed Nazri Abdul ...
Here Is The Decorative Accessory That Will Brighten Up Your Beach Afternoons

Here Is The Decorative Accessory That Will Brighten Up Your Beach Afternoons

papar berkaitan - pada 5/8/2022 - jumlah : 350 hits
Every summer it s an essential trendy accessory If last season the fringed parasol of the seventies was adorned on public beaches as well as on very private terraces for summer 2022 it seems that summer desires The post appeared first on
China S President To Host Official Dinner For Anwar

Drama One Cent Thief 2 Lakonan Syafiq Kyle Azira Shafinaz

I Bought A Toy Like Vape Online Mp Tells Dewan Chamber

Unlocking Savings Expert Tips For Finding Discounted Cigarettes In Australia

Kips Bay Decorator Show House Dallas 2024 An Exquisite Showcase Of Design

India Secebis Kenangan Di India Random Photos

Anwar Slams Hypocritical Criticism Over His Response To Najib S Apology

A Sucker Punch For Rm1 000 What S The Value Of Dignity In Malaysia


echo '';
Biodata Terkini Penyanyi Illa Sabry Peserta Gegar Vaganza 2024 Musim 11 GV11

Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council


Realiti Bila Ada Anak Kecil

Love Please Don T Let Me Go Angelina Jordan

Konsep Wadiah Pengertian Hukum Dan Rukun Dalam Perspektif Syariah

Sayonara Iza Arina

Build A Strong Team For A Startups

Simple Menu Untuk Dinner