Mida, DRB-Hicom, Geely in tie-up to develop Automotive Hi-Tech Valley in Perak

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KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) has partnered with DRB-Hicom Bhd and Zhejiang Geely Holding Group Co Ltd to develop the Automotive Hi-Tech Valley (AHTV) in Tanjung Malim, Perak, advancing Malaysia's position as ASEAN's hub for next-generation vehicles (NxGV) and energy-efficient vehicles (EEV).

Through its Global Supply Chain Coordination and Industry4WRD initiatives, MIDA is dedicated to enhancing the capabilities of local suppliers, enabling them to meet international standards.

Meanwhile, Sikh Shamsul Ibrahim said the collaboration enables the agency to harness Industry 4.0 and energy-efficient solutions to create a dynamic ecosystem at AHTV that supports innovation and sustainability.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaMaliSingapore

Topics: Corporate News DRB-Hicom EEV Tanjung Malim /Business/Business News Geely Mida AHTV

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 12:59:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24490622

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