Perodua to finalise maiden EV production and launch in Q4
KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) plans to finalise production of its first electric vehicle (EV) by October and launch it by the year-end.
The EV, codenamed eMO, will initially be over 30 per cent locally produced at a new factory in Sungai Choh in Rawang, Selangor, said Perodua president and chief executive officer Datuk Seri Zainal Abidin Ahmad.
Production will start at a rate of 500 units a month in the new battery EV plant, Zainal told a press conference after unveiling the EV prototype - presented in a half-cut form - at the Malaysian Autoshow 2025 (MAS 2025) here today.
Perodua hopes to increase the local content to over 60 per cent after a few months of production with the localisation of critical components, he added.
Perodua eMO's final prototype headlined the MAS 2025 that opened to the media today at MAEPS Serdang before making opening its doors to the public on Friday.
This is the third part of Perodua's Electric Motion Online and the final rehearsal before the launch of the production car by December.
Perodua first introduced the eMO-II concept at the Kuala Lumpur International Mobility Show (KLIMS) late last year.
The eMO-II five-door hatchback from KLIMS has morphed into a small B-segment SUV at MAS 2025.
In February, Perodua floated a possible RM80,000 starting price for the company's EV, but without the battery.
Zainal said the EV is targeted at the younger buyers and small families, enabling them to enjoy an affordable electric ride.
He now confirmed that Perodua EV will offer Battery-as-a-Service (BaaS) battery leasing, a first in Malaysia.
The battery is a lithium iron phosphate unit sourced from CATL, with a target range of between 400km and 410km.
The performance target is a 0-100 km/h time of between six and seven seconds and top speed of around 165 km/h.
"The battery will be leased to buyers. The 'rental' fee is the minimum, and based on surveys by Perodua, many are in favour of this method," Zainal said.
He added that the EV battery leasing scheme lowers the cost of the car and ensures that owners will always have a battery in the best condition.
The EVs long-term value was a key priority, particularly regarding battery quality and resale price, he said.
"If people buy an EV but are not confident in the battery quality, the car's value will drop after eight years.
"So, we are ensuring that even after eight or nine years, the car will still retain its value because we control the battery quality. You can always get a new battery from us," he added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
31-05-2025
- Malay Mail
Perodua files trademark for ‘QV-E' name and logo, hints at debut of first EV by end 2025
KUALA LUMPUR, May 31 — Perodua has recently filed a trademark application for the QV-E name and logo with the Intellectual Property Corporation of Malaysia (MyIPO). Given the details included in the MyIPO listings, it seems quite possible that QV-E might be the name of Perodua's first EV. First noted by local automotive site Funtasticko, the application for the QV-E name and logo was filed on 21 March 2025 under two classifications. One of them being class 12, which covers electric cars as well as EVs with vertical take-off and landing (VTOL), EV charging connector types, EV battery, and EV's electric motor. Perodua has also filed its application for class 37, which includes EV charging stations, EV home chargers, and EV portable chargers. When we went through MyIPO database earlier today, the application status for both the name and logo was noted as 'Under Formality Validation'. As captured on the MyIPO database on May 30, 2025. Perodua has filed the QV-E name before Interestingly enough, this is not the first time that Perodua has submitted the QV-E name to MyIPO. Back in late June 2024, the national automaker submitted the name but with a different arrangement – Qve – to the agency alongside Ace and Pacer. As captured on the MyIPO database on May 30, 2025. Just like QV-E, all three names were filed under classes 12 and 37. However, only Ace has been officially trademarked, as noted in the MyIPO Journal batch 43/2024, which was published on 7 November last year. Even then, the Ace trademark only applies to class 37 but not class 12. At the same time, our search also showed that Perodua has yet to file a logo for the Ace name. What do we know about the Perodua EV so far? During the recent Malaysia Autoshow 2025, Perodua has unveiled the latest prototype of its upcoming EV albeit in a half-cut form. Nevertheless, the President and CEO of Perodua, Zainal Abidin Ahmad, said that this prototype is very close to the production version. He also revealed that the Perodua EV is currently in the final stage of homologation, and pilot production is expected to take place between September and October. The company is confident that the EV will be ready to be launched by the end of 2025. For now, the specs remained the same as per what Perodua has revealed before. This includes an LFP battery from CATL with 50kWh-ish of capacity, 400km range (NEDC), and 0-100km/h timing of under 7 seconds. It has also been mentioned that the EV takes around 8 hours to be fully charged via AC charging. As for DC charging, 30 minutes is enough to get the battery to go from 30 per cent to 80 per cent. Zainal also said that the upcoming Perodua EV can hit a top speed of 165km/h, while it will also feature ADAS L2 capability and is designed to meet the 5-star ANCAP classification. As you can see from the images, the new EV will also feature a fastback design, which is skewed towards the lower B-segment. The CEO has also confirmed that the Perodua EV will indeed be offered through a battery leasing service. This will allow the company to offer the new EV for under RM80,000. Customers can also purchase the car by cash or bank loan, and then sign up for the battery leasing separately. They can also choose to purchase both the EV and the battery outright, although details regarding the purchase and leasing arrangements are still under discussion. However, the company will not be implementing battery swapping service at this juncture. That being said, Zainal pointed out that customers can have the high-voltage battery within the Perodua EV changed in just 30 minutes at the service centre if there is any issue with it. Perodua EV as envisioned by automotive artist Theottle, based on the latest prototype. Zainal also pointed out that customers who purchase the battery outright have to pay for a new replacement battery themselves, if needed, once the eight-year warranty is over. On the other hand, customers who signed up for the leasing service will get the battery replacement for free as long as they retain the subscription. — SoyaCincau
The Star
28-05-2025
- The Star
TM demonstrates commitment to long-term value, nation-building
KUALA LUMPUR: Telekom Malaysia Bhd (TM) demonstrated its firm commitment to delivering long-term value creation while enabling inclusive digital progress for the nation. TM returned approximately RM1.5bil in value, benefiting various stakeholders through dividends and contributions that supported national socioeconomic progress. TM also prioritised strategic investments in business growth, community development, social impact programmes, and employee development, further generating a multiplier impact on the broader national economy. These efforts reflect TM's focus on delivering sustainable returns to shareholders while staying true to its core purpose of creating value for all stakeholders as a nation-builder. 'At TM, we see ourselves as facilitators of national progress, driving inclusive digital transformation that empowers enterprises, enriches communities and bolsters economic resilience. 'We are fully aligned with this vision – staying agile, expanding our capabilities and setting new benchmarks in service excellence to ensure that Malaysia remains at the forefront of the digital economy. 'This is what it means to be a world-class organisation,' said TM chairman Datuk Zainal Abidin Putih. This was reflected at TM's AGM held at Menara TM here, where all 14 resolutions tabled were duly passed by shareholders. The meeting was chaired by Zainal, with the board of directors and managing director and group chief executive officer Amar Huzaimi Md Deris in attendance. Beyond profits, TM is committed to driving digital inclusivity for all, including nurturing future-ready talent, empowering communities and expanding inclusive digital access across the country. For example, TM is expanding its digitalisation efforts and community-building in Pulau Tioman, starting with Kampung Mukut. Similar programmes are being considered for other islands already connected through TM's submarine cable infrastructure. TM is also committed to developing schools on these islands, with a focus on nurturing youth through science, technology, engineering and mathematics (STEM) education and digital exposure. 'Our goal is to build digital ecosystems that empower local communities, helping them shift from traditional livelihoods to sustainable, future-ready opportunities,' said Amar. These efforts are further supported by the TM Future Skills (TMFS) School programme, where TM has created three 'nucleus' schools designed as regional hubs for innovation via the TMFS Digital Hub. TM also plans to onboard 25 new schools in 2025. Meanwhile, Yayasan TM has launched the Yayasan TM technical and vocational education and training (TVET) Madani initiative to enhance the skill sets and employability of TVET graduates, while its education arm, Multimedia University, collaborates with schools nationwide to provide early exposure to STEM subjects through workshops and career guidance. TM also continues to provide tailored digital solutions to more than 400,000 micro, small and medium enterprises nationwide, helping them grow and thrive in the digital economy. Under its talent development agenda, TM has contributed RM641mil to date to nurture close to 19,000 talents, many of whom now contribute to the broader digital economy and are part of the leadership in corporate organisations and national institutions. 'This is how we demonstrate that success and achieving a higher purpose can go hand in hand,' said Amar. Championing sustainability and responsible growth Sustainability remains core to TM's long-term strategy. The group's Sustainability Framework, introduced in 2024, is built on two key objectives: enabling sustainable growth for customers and communities and ensuring resilience across the business and value chain. In its data centre operation, TM sources 50% of its data centre energy from renewable resources and implements water harvesting and recycling systems for water conservation. TM is also targeting global benchmarks with a planned Power Usage Effectiveness (PUE) of 1.4 for its expansion projects, with the upcoming Johor facility, developed in collaboration with Singtel's Nxera, targeting even lower PUE. Technologies such as intelligent cooling systems, solar panels and energy-efficient servers further reduce environmental impact and operational costs, ensuring TM's growth aligns with global sustainability objectives. TM's commitment to sustainable practices was recognised at multiple awards in 2024, including the Gold Award for its Smart Forestry AI tool under the Environment and Natural Resources Sub-Category: Climate Change Mitigation and Adaptation in the MTE 2024 SDG International Innovation Awards. This recognition affirms the group's leadership in sustainability, aligned with Malaysia's environmental goals and net-zero ambitions. 'We believe sustainability is fundamental, not just an afterthought. 'Our goal is to grow responsibly, delivering technology that benefits both the economy and the environment,' said Amar. Long-term value creation 2024 marked the first full year of implementation of its PWR 2030 strategy, which is the group's roadmap to becoming a Digital Powerhouse by 2030 and positioning Malaysia as the digital hub for Asean. 'This phase is about solidifying our foundation to protect the existing core business to better position us in capitalising on emerging opportunities such as hyperconnected data centres, artificial intelligence and graphics processing unit-as-a-service, which are among the new growth areas for TM,' said Amar. During the year, TM made significant progress in strengthening its core businesses across business-to-business, business-to-consumer and consumer-to-consumer amidst intensified market competition. Key milestones include strengthening the convergence proposition and advancing digital solutions such as smart services, cloud, and cybersecurity, as well as enhancing digital infrastructure such as domestic fibre networks, mobile backhaul to support 5G, submarine cable systems and data centres. These strategic developments reinforce TM's commitment to advancing Malaysia's digital future while uplifting the broader ecosystem, with Warga TM continuing to be the driving force behind the group's growth and success. As TM continues its journey, the group remains focused on delivering long-term value creation while creating meaningful impact for the nation. 'TM is not merely a provider of technological infrastructure but an essential enabler and catalyst for a vibrant digital ecosystem, connecting Malaysia to the world and the world to Malaysia. 'As we move forward into the next phase of our journey, every initiative we undertake moves us closer to becoming a Digital Powerhouse by 2030, one that drives national progress, fosters innovation and ensures Malaysia remains at the forefront of the global digital economy,' said Amar, concluding his presentation at TM's AGM.
The Sun
27-05-2025
- The Sun
Sime Darby nine-month net profit rises to RM1.29 billion
PETALING JAYA: Sime Darby Bhd (Sime) reported net profit from continuing operations of RM1.29 billion for the nine-month period ended March 31, 2025 (9M25), a growth of 9.9% from the previous corresponding period. The improved performance was mainly attributable to the higher contribution from the UMW division and a higher one-off gain on disposal of Malaysia Vision Valley land, despite lower profits from the industrial and motors divisions. The group's revenue for the nine months increased by 8.2% to RM52.3 billion, compared with RM48.3 billion in the previous financial year. For the third quarter ended March 31, 2025 (Q3'25), net profit saw a decrease to RM193 million, while revenue was down by 13.4% at RM16.3 billion. During the quarter under review, the industrial division recorded lower profit before interest and tax (PBIT) of RM221 million, mainly due to reduced profits from the division's operations in Australasia. Profits In Australasia were impacted by a currency-related parts price adjustment, unfavourable weather conditions and a weaker Australian dollar against the ringgit. The motors division reported a reduced PBIT of RM114 million in Q3'25, attributed to lower vehicle sales in most markets, as well as increased competition. For the UMW division, PBIT for the quarter under review was largely contributed by the division's automotive business, particularly higher Perodua sales. However, the division saw a decline in PBIT to RM194 million as a result of competitive market conditions. Sime Group CEO Datuk Jeffri Salim Davidson said, 'We continue to face external headwinds, particularly in the motors division with ongoing economic uncertainty and the rise of Chinese automotive brands increasingly dominating the market. The consumer segment remains challenging amid the continuing price war and industry overproduction in China.' For the UMW division, he added, Toyota and Perodua continue to perform well in Malaysia. 'Despite the impact of the currency-related parts price adjustment, the long-term prospects for our industrial division remain positive on the back of robust mining demand,' he said, adding that, across the group, they remain focused on cost discipline, efficient inventory management and operational agility to navigate the current environment. 'As a result of our efforts, the reduction in inventories has resulted in a RM1.7 billion improvement to our operating cash flow for the nine months ended 31 March 2025. While the current landscape is undoubtedly tough, our operating cash flow is positive and our balance sheet is strong, underpinned by sustained revenue. These are fundamentals that will see us through during these choppy waters,' said Jeffri.
