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Published: Thursday April 10, 2014 MYT 12:00:00 AM
Updated: Thursday April 10, 2014 MYT 8:13:41 AM
Go Automobile, China's Great Wall Motor in RM2b energy-efficient vehicle venture
by eugene mahalingam
International Trade and Industry Minister Datuk Seri Mustapa Mohamed (third from left) shaking hands with Go Automobile Manufacturing Sdn Bhd chief executive officer Ahmad Azam Sulaiman at a press conference announcing the granting of the first energy efficient vehicle license on April 9. Looking on (from left to right) are Malaysian Automotive Institute chairman Datuk Muhamad Noor Yacob, International Trade and Industry Ministry secretary general Datuk Dr Rebecca Fatima Sta Maria, Malaysian Automotive Institute chief executive officer Madani Sahari, state Domestic Trade, Consumer Affairs and Cooperatives committee chairman Datuk Ku Abdul Rahman Ku Ismail and Great Wall Motor Co Ltd international division deputy general manager Roger Wang.
KUALA LUMPUR: Malaysian-owned Go Automobile Manufacturing Sdn Bhd (GAM), in partnership with China’s Great Wall Motor Co Ltd (GWM), will be investing RM2bil to manufacture energy-efficient vehicles (EEVs) in the country.
GAM chief executive officer Ahmad Azam Sulaiman said the investment, which would be done in three phases until 2018, will be financed via external as well as internal funding.
“About RM700mil will be externally generated via banks and financial institutions in China,” he told a press conference yesterday.
GAM, an original equipment manufacturer for GWM, is the first company to be granted an EEV licence since the implementation of the National Automotive Policy in January.
Ahmad Azam said the first phase of GAM’s investment, with an initial investment of RM150mil, will start to produce EEVs as early as September. The second phase, with a production capacity of 50,000 units, will start by mid-2015.
“The final phase, with a total production capacity of 100,000 units, will be ready by 2018,” he said, adding that GAM will first be launching the Haval M4 and H6, which are compact and mid-sized sports utility vehicles (SUVs) respectively.
“We can’t reveal the on-the-road price yet, as we are still determining the price structure,” he said, adding that the total investment was expected to create 4,000 new jobs at the plant. The EEVs will be manufactured at GAM’s plant in Gurun, Kedah. A total of RM500mil will be spent on research and development to upgrade the facility.
“Currently, our plant has an annual capacity of 10,000 units,” he said, adding that the partnership aimed to export 60% of its production to other Asean countries.
He said dealership arrangements already existed in Thailand and Cambodia, with operations expected to commence in the third quarter of this year.
EEVs are defined as vehicles that meet a set of defined specifications in terms of carbon emission levels and fuel consumption. EEVs include fuel-efficient vehicles, hybrids, electric vehicles and alternatively fuelled vehicles, such as compressed natural gas, liquefied petroleum gas, biodiesel, ethanol, hydrogen and fuel cell.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed, who launched the event yesterday, said the Kedah state government was looking to turn Gurun into an automotive hub.
On whether the Government would be granting new EEV licences, Mustapa said that there would be “a few more announcements this year”.
Established in 2012, GAM is co-owned by three individuals, namely Ahmad Azam, Farok Masom and Wan Ahmad Wan Omar.
Hong Kong and Shanghai-listed GWM, which was founded in 1984, is China’s largest SUV and pick-up manufacturer.
It owns the Haval and Great Wall brands and employs over 60,000 employees. The company has a production capacity of 800,000 units.
The company sold about 770,000 units last year, making it the eighth-largest automaker in China. It is targeting to sell 890,000 units this year.
On the local front, GWM has a small presence in Malaysia. According to the Malaysian Automotive Association, it sold 281 units last year, compared with 173 units in 2012.
Separately, the Government also launched the T-0 Automotive Supplier Excellence Programme yesterday. The programme aims to transform and improve vendor capabilities from Tier-One currently to Tier-Zero, which is a level up, hence turning them into global players.
Go Automobile, China's Great Wall Motor in RM2b energy-efficient vehicle venture - Business News | The Star Online
http://online.wsj.com/news/articles/SB10001424052702303873604579493343515480948?mg=reno64-wsj&url=http://online.wsj.com/article/SB10001424052702303873604579493343515480948.html
Updated: Thursday April 10, 2014 MYT 8:13:41 AM
Go Automobile, China's Great Wall Motor in RM2b energy-efficient vehicle venture
by eugene mahalingam
International Trade and Industry Minister Datuk Seri Mustapa Mohamed (third from left) shaking hands with Go Automobile Manufacturing Sdn Bhd chief executive officer Ahmad Azam Sulaiman at a press conference announcing the granting of the first energy efficient vehicle license on April 9. Looking on (from left to right) are Malaysian Automotive Institute chairman Datuk Muhamad Noor Yacob, International Trade and Industry Ministry secretary general Datuk Dr Rebecca Fatima Sta Maria, Malaysian Automotive Institute chief executive officer Madani Sahari, state Domestic Trade, Consumer Affairs and Cooperatives committee chairman Datuk Ku Abdul Rahman Ku Ismail and Great Wall Motor Co Ltd international division deputy general manager Roger Wang.
KUALA LUMPUR: Malaysian-owned Go Automobile Manufacturing Sdn Bhd (GAM), in partnership with China’s Great Wall Motor Co Ltd (GWM), will be investing RM2bil to manufacture energy-efficient vehicles (EEVs) in the country.
GAM chief executive officer Ahmad Azam Sulaiman said the investment, which would be done in three phases until 2018, will be financed via external as well as internal funding.
“About RM700mil will be externally generated via banks and financial institutions in China,” he told a press conference yesterday.
GAM, an original equipment manufacturer for GWM, is the first company to be granted an EEV licence since the implementation of the National Automotive Policy in January.
Ahmad Azam said the first phase of GAM’s investment, with an initial investment of RM150mil, will start to produce EEVs as early as September. The second phase, with a production capacity of 50,000 units, will start by mid-2015.
“The final phase, with a total production capacity of 100,000 units, will be ready by 2018,” he said, adding that GAM will first be launching the Haval M4 and H6, which are compact and mid-sized sports utility vehicles (SUVs) respectively.
“We can’t reveal the on-the-road price yet, as we are still determining the price structure,” he said, adding that the total investment was expected to create 4,000 new jobs at the plant. The EEVs will be manufactured at GAM’s plant in Gurun, Kedah. A total of RM500mil will be spent on research and development to upgrade the facility.
“Currently, our plant has an annual capacity of 10,000 units,” he said, adding that the partnership aimed to export 60% of its production to other Asean countries.
He said dealership arrangements already existed in Thailand and Cambodia, with operations expected to commence in the third quarter of this year.
EEVs are defined as vehicles that meet a set of defined specifications in terms of carbon emission levels and fuel consumption. EEVs include fuel-efficient vehicles, hybrids, electric vehicles and alternatively fuelled vehicles, such as compressed natural gas, liquefied petroleum gas, biodiesel, ethanol, hydrogen and fuel cell.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed, who launched the event yesterday, said the Kedah state government was looking to turn Gurun into an automotive hub.
On whether the Government would be granting new EEV licences, Mustapa said that there would be “a few more announcements this year”.
Established in 2012, GAM is co-owned by three individuals, namely Ahmad Azam, Farok Masom and Wan Ahmad Wan Omar.
Hong Kong and Shanghai-listed GWM, which was founded in 1984, is China’s largest SUV and pick-up manufacturer.
It owns the Haval and Great Wall brands and employs over 60,000 employees. The company has a production capacity of 800,000 units.
The company sold about 770,000 units last year, making it the eighth-largest automaker in China. It is targeting to sell 890,000 units this year.
On the local front, GWM has a small presence in Malaysia. According to the Malaysian Automotive Association, it sold 281 units last year, compared with 173 units in 2012.
Separately, the Government also launched the T-0 Automotive Supplier Excellence Programme yesterday. The programme aims to transform and improve vendor capabilities from Tier-One currently to Tier-Zero, which is a level up, hence turning them into global players.
Go Automobile, China's Great Wall Motor in RM2b energy-efficient vehicle venture - Business News | The Star Online
http://online.wsj.com/news/articles/SB10001424052702303873604579493343515480948?mg=reno64-wsj&url=http://online.wsj.com/article/SB10001424052702303873604579493343515480948.html
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