- CNTV English - CCTV News

Malaysia to allow foreign companies make small hybrid cars

01-26-2014 09:48 BJT

BEIJING, Jan. 25 (Xinhuanet) -- Foreign companies will be allowed to make small hybrid cars in Malaysia, Southeast Asia's No.3 economy, according to its 2014 National Automotive Policy as quoted by media reports Thursday.

This policy aims for feature inducements for foreign companies such as Mazda and Honda to make small, energy-efficient automobiles, following the former examples of Thailand and Indonesia to be the regional hub for low-emission vehicles.

The new policy opens the way for foreign auto makers to produce gasoline and battery powered passenger cars with engine sizes of 1.8 liters or less.

It aims to export 200,000 energy-efficient cars, achieve 3 billion U.S. Dollars of car component shipments and create 150,000 jobs.

So far, Mazda Motor Corp and local manufacturer Perodua have pledged 2.25 billion ringgit (682.44 million dollars) for investment in energy-efficient vehicle production.

"We hope this policy can enable us to become the energy efficient vehicle hub in ASEAN in the future," Malaysia’s International Trade and Industry Minister Mustapa Mohamed said, "we hope to raise total production volume to 1.25 million vehicles by 2020 from some 0.57 million vehicles."

(Source: Agencies)


Editor:Zhang |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program