Since last year, Prime Minister Tun Dr Mahathir has been vocal about starting a new Malaysia national car and stated his intention to collaborate with Japan or Thailand to launch it. Looks like after a year has passed, the aspiration is starting to materialize.
In a statement by International Trade and Industry Ministry (MITI), it is announced that DreamEDGE Sdn Bhd will be the “anchor company” to deliver a new national car and it is likely to be a C-segment sedan.
According to CarBase.my, some C-segment car examples include Proton Preve, Toyota Altis, Honda Civic and among others.
The project will be assisted by Daihatsu Motor Company in advanced technology but the Japan company will not be an equity partner, The Star reported.
MITI Minister Datuk Darell Leiking said DreamEDGE has a good business model and has presented their proposal to the Prime Minister which the latter was convinced by it.
The first car is expected to be launched by March 2021. DreamEDGE has yet to give the new national car a brand name yet.
Leiking said the new national car will not use any government funds.
“The government will consider giving a tax incentive for the new national car project and participants (in the project) can apply for it,” said the Minister, as quoted by NST.
MITI stated in a press release that the new national car will be fully designed and developed by Malaysian engineers.
DreamEDGE is a company that provides technical and long-term strategic collaboration to Japanese and other clients for over 10 years with Malaysian engineers based in Japan.
The company has experience in a multitude of industries such as oil & gas, rail, defence, shipbuilding & repair and digital dentistry, energy-efficient vehicle, and motorsport research and development.
“From the Government’s standpoint, the national car project is the nation’s industrialisation catalyst, to spur the meaningful participation of Malaysians in advanced technology adoption.
“This will create new opportunities for local vendors and talent to be part of the high technology value chain,” MITI said.
The Ministry said the new national car will take on a new approach to produce affordable cars with advanced technologies like other exclusive models do.
You can read the full MITI statement below:
What are your thoughts on this? Would you support the new local car in 2021? Let us know in the comments below.