MITI Minister Tengku Zafrul Aziz marked the launch of Chery’s new assembly plant in Shah Alam with a speech, highlighting the company’s rapid growth in Malaysia.
Despite being in the country for less than a year, Chery Malaysia has shown impressive progress, launching two models and assembling 10,000 vehicles. Chery’s RM1 billion investment supports Malaysia’s New Industrial Master Plan 2030, contributing to job creation and economic growth.
The new assembly plant by Chery
Chery’s new plant symbolizes its commitment to producing advanced and affordable vehicles, enhancing local production, and investing in local vendors to reduce costs. This aligns with Malaysia’s goals of advancing technology and economic growth.
Zafrul also emphasizes on the strong diplomatic and economic relations between Malaysia and China, established over five decades. China has been Malaysia’s largest trading partner since 2009, with significant trade and investment ties. The collaboration has resulted in over USD18.5 billion in manufacturing projects, creating more than 82,000 jobs.
In 2023, Malaysia and China celebrated the 10th anniversary of their Comprehensive Strategic Partnership. Upcoming initiatives include the second cycle of the Malaysia-China Five-Year Programme for Economic and Trade Cooperation and several MoUs to promote investment in digital economy and green development. These efforts aim to deepen bilateral ties and foster economic cooperation.
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