KUALA LUMPUR, December 18 — The Malaysian Investment Development Authority (MIDA) has signed a landmark Memorandum of Understanding (MOU) with DRB-HICOM Berhad and Zhejiang Geely Holding Group to develop the Automotive Hi-Tech Valley (AHTV) in Tanjong Malim, Perak. This strategic initiative aims to position Malaysia as ASEAN’s hub for Next Generation Vehicles (NxGV) and Energy Efficient Vehicles (EEV).
The partnership, witnessed by Prime Minister Datuk Seri Anwar Ibrahim, focuses on advancing Industry 4.0, building a sustainable ecosystem, and aligning policies to accelerate EEV technologies nationwide. MIDA CEO Datuk Sikh Shamsul Ibrahim emphasized the collaboration’s role in transforming Malaysia into a global leader in sustainable automotive innovation while creating skilled job opportunities and fostering a competitive local supply chain integrated into regional and global markets.
