Malaysia Gives Tesla Green Light to Import Battery Electric Vehicles

Malaysia’s Ministry of International Trade and Industry (Miti) has approved electric automaker Tesla’s application to import battery electric vehicles (BEV) into Malaysia.

In a statement, Miti said Tesla’s presence in Malaysia is expected to create skilled and better-paying job opportunities for workers in the BEV segment and increase the participation of local companies in the TESLA ecosystem, both domestically and globally.

“We are pleased by Tesla’s decision to establish its presence in the electric vehicle (EV) ecosystem in Malaysia. This demonstrates Tesla’s confidence in our economic fundamentals and conducive business environment,” Miti minister Tengku Datuk Seri Zafrul Aziz said.

“We will also strategically leverage on our established electrical and electronics ecosystem to make Malaysia the preferred investment destination for technology related to electric mobility,” he added.

The entry of Tesla has been facilitated by Miti through the introduction of the BEV Global Leaders initiative, which aims to help boost BEV demand in the local market and further promote the development of the entire ecosystem to support BEV adoption.

“In addition, the initiative seeks to secure investments from leading global BEV manufacturing companies in Malaysia. Tesla is the first applicant of this initiative by Miti,” the ministry said.

#tesla #electricvehicles

Thanks for reading ESG News Asia! Subscribe for free to receive new posts and support out work.