The Ministry of Investment, Trade and Industry is in the process of getting updates from Tesla on its investment in Malaysia, Malaysian Prime Minister Datuk Seri Anwar Ibrahim said. New Straits Times.
The prime minister made the statement in response to an earlier report that the US electric vehicle maker was scrapping plans to build factories in Malaysia, Thailand and Indonesia.
“Tengku Zafrul is receiving the latest information on reports indicating that [Tesla] are facing losses and cannot compete with Chinese electric vehicles. Their operations are huge, while ours is just starting. We have received information [about Tesla’s investment] direct [from the company]not from media coverage,” the prime minister said.
Despite facing this situation, Malaysia is less affected by the electric carmaker’s decision as it only plans to increase investment in the country, compared to Thailand, where Tesla plans to assemble its cars, according to the report. Astronomy.
Earlier this week, Thai publication Nation Tesla reported that cancel plans to establish an electric vehicle factory in Thailand, Malaysia or Indonesia, and will instead focus on setting up a network of charging stations.
This was followed by the Ministry of Investment, Trade and Industry (MITI) saying that The cancellation is said to have not been officially announced. Tesla, and was quoted separately as saying that Tesla’s decision to cancel its Southeast Asia production plans could be due to commercial reasons.
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