Geely’s RM30bil investment opens new page for national EV ecosystem, says Chang

Chinese automaker Zhejiang Geely Holding Group Co Ltd (Geely) will invest RM30 billion in the development and commercialisation of the Automotive High-Tech Valley (AHTV) in Tanjung Malim, Perak, said Chang Lih Kang.

The Science, Technology and Innovation Minister on Thursday (April 6) said the AHTV will open a new chapter in the electric vehicle (EV) ecosystem in Malaysia and it encompasses the automotive and mobility value chain, from high-tech global research and development centres and related support services for the new energy vehicle industry in the country.

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