PETALING JAYA: The much awaited new National Automotive Policy (NAP2020) will be launched next Friday (Feb 21) at the International Trade and Industry Ministry (Miti), according to a statement released by the ministry.
It said NAP2020 is formulated to elevate Malaysia’s automotive industry to the next phase of industrial competitiveness, in line with the changing landscape of mobility within the global markets.
“The sector has grown into a national automotive ecosystem that includes vehicle manufacturers, parts and components suppliers, engineering services, full-fledged product and process design facilities,” it added.
As such, to ensure a continuation of meaningful participation within the industry, the government has put emphasis on resources to ensure that the next technology acceleration curve would be in line with emerging trends surrounding transportation and mobility, as well as allowing for clean energy technology adoption.
According to Miti, supporting the growth of automotive players remains a key priority area embedded in the policy, and the government has taken into account all feedback obtained from the industry as well as improvement opportunities learned from previous national automotive policies.
“As an outcome, the NAP2020 is a product of arduous benchmarking, longstanding research, strategic planning and rigorous consultation with various stakeholders to determine the right balance between the current needs of industry players and the requirement to align those strategies with future demands of global automotive and mobility trends,” it said.