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Czech Republic

Nov 26, 2024 - 11:49
By scmp.com

Malaysia eyes Southeast Asia’s EV hub crown after Hyundai US$500 million investment

Trade-reliant Malaysia has been seeking new investors and markets over the past year as widening tariffs tied to the US-China trade and tech wars rattled its solar industry and raised concerns over its crucial semiconductor sector.

The deal, announced during Anwar’s three-day official visit to South Korea, did not give a timeline for when operations will start at the plant, which will assemble up to seven different car models.