DRB-HICOM indicators MoU with Perak Govt to establish extra land for AHTV venture

TANJUNG MALIM: DRB-Hicom Bhd has signed a memorandum of understanding (MOU) with the Perak state authorities for the newly launched Automotive Hello-Tech Valley (AHTV) venture to collectively establish appropriate extra land within the space to be earmarked for AHTV.

DRB-Hicom chairman Tan Sri Wan Zulkiflee Wan Ariffin stated the present space surrounding the Proton Tanjung Malim plant measures 1,618.74 hectares with most already occupied by Universiti Pendidikan Sultan ldris, current distributors, in addition to industrial premises and residential properties.

“The extra land might be for the event of AHTV, together with a analysis college,” he advised reporters on the launch of AHTV and along with the MOU signing ceremony right here immediately. The signing of the MOU was witnessed by Prime Minister Datuk Seri Ismail Sabri Yaakob.

Wan Zulkiflee stated DRB-HICOM additionally lately signed one other MOU for AHTV with Geely Holding Group to collectively develop AHTV and collaborate to establish distributors and buyers for the hub.

He stated the involvement of DRB-HICOM’s strategic associate for nationwide carmaker Proton, Geely Holding Group, recognized for its technological energy within the automotive ecosystem, is a lift for AHTV.

“This may be an impetus for auto and part producers, particularly from China to spend money on native manufacturing amenities and to create a brand new enterprise and export alternatives.

“Primarily, AHTV has the potential to be a gateway to ASEAN and Group of Islamic Cooperation (OIC) markets for firms that make it as their base. There are already 17 distributors working throughout the space,” he stated.

Emphasizing new applied sciences and techniques in international automotive industries, particularly electrification, synthetic intelligence (Al), autonomous applied sciences, and superior connectivity, AHTV is envisioned to be an automotive trade hub for the ASEAN area.

Additionally current on the launch had been Perak Menteri Besar Datuk Seri Saarani Mohamad, Minister of Finance Tengku Datuk Seri Zafrul Tengku Abdul Aziz and different govermment officers.

Wan Zulkiflee stated the AHTV venture goals to alter the panorama of the automotive trade with an built-in ecosystem that might be a catalyst to revitalize the home automotive sector, in keeping with the course of the Nationwide Automotive Coverage (NAP) 2020.

“That is to make sure that Malaysia’s automotive trade continues to be on par, if no more superior than In neighboring nations,” he added. “With the proper techniques, infrastructure, and stakeholder assist in place, AHTV might be well-positioned to draw investments from trade gamers within the area, spurring the expansion and functionality of the native automotive trade.” – Bernama


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