Chery’s New Shah Alam Assembly Plant Boosts Malaysia-China Relations

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.

Read More Business News

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.

Staff Writer

Recent Posts

Global Food Industry Converges at the 2nd Food Show South Africa Expo 2026 in Johannesburg

The opening ceremony witnessed the presence of senior representatives from diplomatic missions, government agencies, trade…

1 hour ago

Malaysian Businesses Stay Prepared Amid Renewed US-Iran Tensions

Malaysian businesses prepare for US-Iran tensions by strengthening risk strategies to ensure stability amid potential…

2 hours ago

US Rolls Out New Forced Labor Tariffs on 60 Trading Partners Under Section 301

The US will impose 10% to 12.5% tariffs on 60 trading partners over forced labor…

6 hours ago

KIP REIT Delivers Record FY26, Eyes Growth with Setapak Central

KIPREIT posts record FY26, strong outlook with Setapak Central acquisition, AEIs, and rental reversions supporting…

7 hours ago

KLCI likely to trade cautiously lower today: Analysts

Analysts expect cautious trading in KLCI today due to Wall Street declines, new tariffs, and…

7 hours ago

Oil Market Faces New Phase of Recovery Risks

Rystad warns oil prices hinge on resilience of flows, with escalation risks tightening markets and…

9 hours ago

This website uses cookies.