Latest news with #CheryPremierSupplyChainSynergyProgramme
Barnama
20-05-2025
- Automotive
- Barnama
MIDA And Chery Forge Strategic Automotive Alliance, Marking A New Era In Malaysia's Automotive Sector
KUALA LUMPUR, May 20 (Bernama) -- The Malaysian Investment Development Authority (MIDA) and Chery Corporate Malaysia Sdn. Bhd. launched the Chery Premier Supply Chain Synergy Programme, marking a transformative milestone for Malaysia's automotive industry. The strategic initiative, held last Friday, hosted at MIDA's headquarters and supported by the Ministry of Investment, Trade and Industry (MITI) and the Malaysia Automotive Robotics & IoT Institute (MARii), brought together 12 leading Chery Technology suppliers from China and 23 Malaysian suppliers, creating a powerful platform for collaboration and growth. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Office of MIDA, highlighted the significance of the Chery Premier Supply Chain Synergy Programme in realising Malaysia's National Automotive Policy (NAP) 2020, 'This inaugural programme directly supports our commitment to fostering collaboration between Malaysian vendors and Chery China. We aim to unlock mutually beneficial opportunities that drive growth and innovation, aligning perfectly with NAP 2020's objectives of promoting local vendor development, supporting next-generation vehicles (NxGV), and incorporating Industry 4.0 practices. By fostering these vital links, we envision a future rich with technology transfer, streamlined supply chains, and enhanced industrial capabilities, ultimately benefiting both Malaysia and Chery.'
New Straits Times
19-05-2025
- Automotive
- New Straits Times
MIDA, Chery unveil initiative to drive domestic automotive sector
MALAYSIAN Investment Development Authority (MIDA) and Chery Corporate Malaysia Sdn Bhd have launched an initiative to bolster the country's automotive sector. Called Chery Premier Supply Chain Synergy Programme, it brought together 12 leading Chery technology suppliers from China and 23 Malaysian suppliers. This creates a powerful platform for collaboration and growth, MIDA said in a statement. The strategic initiative, held last Friday, was hosted at MIDA's headquarters and supported by Investment, Trade and Industry Ministry and the Malaysia Automotive Robotics & IoT Institute. MIDA chief exceutive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid highlighted the significance of the programme in realising Malaysia's National Automotive Policy 2020. "This inaugural programme directly supports our commitment to fostering collaboration between Malaysian vendors and Chery China. "We aim to unlock mutually beneficial opportunities that drive growth and innovation, aligning perfectly with NAP 2020's objectives of promoting local vendor development, supporting next-generation vehicles and incorporating Industry 4.0 practices." He added that by fostering these vital links, it envisions a future rich with technology transfer, streamlined supply chains, and enhanced industrial capabilities, ultimately benefiting both Malaysia and Chery." Chery Malaysia executive vice president Leo Chen said the collaboration reflects Chery's commitment to championing localisation and fortifying our supply chain ecosystem in Malaysia. "As part of Chery's broader strategy to deepen our roots in this market and lead the advancement of a modern, inclusive automotive industry, we are proud to work hand in hand with local suppliers to foster sustainable growth and resilience. A highlight of the programme was the Chinese carmaker's presentation of its upcoming Chery Smart Auto Industrial Park in the Beringin High-Tech Auto Valley. The ambitious project is set to become Chery's manufacturing cornerstone in the region, representing a significant step in Malaysia's automotive evolution. The event culminated in the signing of four memoranda of understanding (MoUs): • Wuhu Atech Automotive Electronics Co Ltd and Multi-Code Electronics Industries (M) Bhd; • Cheling Smart Mobility Technology (Wuhu) Co Ltd and Multi-Code Electronics Industries (M) Bhd; • Zhejiang Wanliyang Co Ltd and Chery Malaysia; and • Wuhu Qida Power Battery System Co Ltd and Chery Malaysia. These partnerships focus on automotive components, technology ransfer, and joint investments, strengthening Malaysia's position in the global automotive supply chain.
