Latest news with #Perodua

Malay Mail

3 days ago

Automotive
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

Sime Darby nine-month net profit rises to RM1.29 billion

The Sun

7 days ago

Automotive
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.

The Star

26-05-2025

Automotive
The Star

Auto sector outlook showing divergence

PETALING JAYA: The automotive industry's earnings visibility is still good, backed by a booking backlog of 130,000 units as of the end of February this year. More than half of the backlog is made up of new models, indicating the appeal of new models to car buyers, said Kenanga Research. The trend is likely to persist throughout this year given a strong line-up of new launches, the research house added. Meanwhile, RHB Research expects the total industry volume (TIV) to be seasonally softer in the second quarter of this year (2Q25), impacted by the Hari Raya holidays and scheduled factory maintenance at Perodua and Proton. The research house remained cautious on the outlook of the automotive sector amid persistent price competition in the non-national segment and easing order backlogs. It maintained a 'neutral' call on the sector, reflecting its expectation of a cyclical slowdown driven by the absence of strong catalysts to propel sales and earnings to new highs. The research house's top sector pick is Sime Darby Bhd given its strategic positioning to weather the impact of the impending subsidy rationalisation for RON95 fuel and its exposure to Perodua, Malaysia's most popular car brand. Kenanga Research's top picks are MBM Resources Bhd and Hong Leong Industries Bhd , with an 'overweight' call on the sector. The research house said its TIV forecast for this year of 805,000 units will be driven by forward buying interest on the deferment of new excise duty regulations to the end of this year. It expects Perodua to benefit the most, at 44% TIV market share with the highest localisation rate that could have resulted in prices of locally assembled vehicles increasing by 10% to 30% under the new excise duty calculations, as well as attractive new launches such as a Perodua hybrid, Perodua electric vehicle (EV) and all-new Perodua Myvi. The expectations was also backed by higher household incomes, with the salary hike for government servants last December , higher minimum wages starting February this year, and a stable labour market. The same cannot be said for the premium segment, as the target customers, for instance the upper-tier M40 and T15 groups, may hold back from buying new cars, trade down to smaller cars or switch to hybrids and EVs to cut their fuel bills upon the introduction of fuel subsidy rationalisation. The research house said there are more electric vehicles EVs in the market, and vehicle sales will also be supported by new EVs that enjoy sales and service tax exemption and other EV incentives up until the end of this year for completely built-up vehicles and 2027 for completely knock down models. TA Research maintained its 'neutral' call on the sector and reiterated its TIV forecast of 700,000 for this year. It maintained a 'sell' on MBM Resources and Bermaz Auto Bhd , while Sime was still rated as a 'hold'.

Malaysia vehicle market grows by 1% in April

Yahoo

20-05-2025

Automotive
Yahoo

Malaysia vehicle market grows by 1% in April

Malaysia's new vehicle market expanded by 1% to 60,527 units in April 2025 from 59,900 units a year earlier, according to registration data released by the Malaysian Automotive Association (MAA). Economic growth in the country slowed to 4.4% year-on-year continued in the first quarter of 2025 from a downwardly revised 4.9% growth in the fourth quarter of 2024, reflecting slowing export growth and slightly weaker domestic consumption growth. Malaysia's central bank has kept its benchmark interest rate unchanged at 3.0% for the last two years. In the first four months of 2025 the market declined by 5% to 248,730 units, following a weak start to the year, from record sales of 263,050 units in the same period last year. Light passenger vehicle sales fell by 4% to 232,456 units in this period while commercial vehicle sales plunged by 26% to 16,274 units. Sales of battery electric vehicles (BEVs) increased by 54% to 9,719 units year-to-date, driven mainly by China's BYD Auto and its Denza brand with 3,602 units combined, and the recently-launched Proton with 2,537 sales. Total vehicle production in the country fell by 13% to 233,916 units in the four-month period. Market leader Perodua continued to outperform this year, with sales largely unchanged at 112,462 units year-to-date. Proton's global sales fell by almost 8% to 46,283 units in the first four months of 2025, including 1,327 exports. The Saga was by far its best-selling model with 20,998 sales; followed by the Geely-based X50 compact SUV with 7,506 units; and the Geely-based S70 sedan with 6,181 units. The company confirmed that production of the Saga model began at its CKD plant in Egypt in the final week of February, with the aim of supplying markets across North Africa. UMW Toyota Motor reported a 10% sales decline to 27,876 units year-to-date. "Malaysia vehicle market grows by 1% in April" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

[Photos] Shuttles, Stars, And A RM2.1M Showdown: PERODUA Malaysia Masters Serves Up Its Biggest Edition Yet

Rakyat Post

19-05-2025

Business
Rakyat Post

[Photos] Shuttles, Stars, And A RM2.1M Showdown: PERODUA Malaysia Masters Serves Up Its Biggest Edition Yet

Subscribe to our FREE The smoke hasn't even cleared from their explosive Thailand Open victory, but Pearly Tan and M. Thinaah are already set to light up Axiata Arena at this week's Perodua Malaysia Masters 2025. Fresh off their first title this season, Malaysia's dynamic duo is bringing their A-game home at Axiata Arena in Bukit Jalil— This year's Masters isn't playing small. Perodua, backing the tournament for the seventh time, has helped pump up the prize pool to a jaw-dropping RM2.1 million (USD475,500), up from last year's RM1.85 million. Even if you crash out in the Round of 16, you're still walking away with enough to put a down payment on a new car—RM7,164 for singles players and RM7,676 for doubles pairs. But let's talk about the real money. Champions in the doubles categories will be laughing all the way to the bank with RM161,699, while singles winners can pocket a cool RM153,515. Singles players who make it to the semifinals will pocket RM29,688, and doubles pairs get RM28,665, while runner-ups across all categories will console themselves with a hefty RM77,804. Fresh Champions, Familiar Ground 'We're just focusing on the tournament,' says Thinaah, brushing off questions about their unsigned Badminton Association of Malaysia (BAM) contracts like a seasoned pro swatting away a weak serve. The world No. 4 pair is letting their rackets do the talking, having just schooled South Korea's Jeong Na Eun-Lee Yeon Woo in straight sets in Bangkok last weekend. Meanwhile, BAM's Secretary-General Datuk Kenny Goh is playing it cool on the contract situation with Pearly-Thinaah. 'Be patient,' he says, probably hoping their recent victory will ease the tension around the negotiating table. The Axiata Arena will be a pressure cooker of talent from 20-25 May, featuring world-class acts like China's 2022 Asian Games gold medalist Li Shi Feng, China's leading women's singles shuttler Wang Zhiyi, top Indian singles player HS Prannoy and PV Sindhu, Danish men's doubles team Kim Astrup and Anders Skaarup Rasmussen, Chou Tien Chen from Chinese Taipei and Japan's Chiharu Shida, currently ranked 2nd in the BWF women's doubles rankings with Nami Matsuyama. Our other golden pair, Aaron Chia-Soh Wooi Yik, fresh from their own Thai triumph, will also be gunning for glory. Unfortunately, Lee Zii Jia, Malaysia's Olympic bronze medalist, Asian champion, and All England champion, will miss the 2025 Perodua Malaysia Masters due to an incomplete recovery from a right ankle ligament injury. Fan Power Meets Prize Money With thousands of Malaysian fans expected to pack the arena, the temperature's set to rise in Bukit Jalil. As Pearly puts it, they're 'excited to play on home ground'—and with these prize money figures floating around, who wouldn't be? Meanwhile, dedicated supporters have already started camping out at Bukit Bintang hotels where the international contingent is staying, hoping to catch glimpses of their favourite shuttlers during their downtime. Adding to the nostalgia, familiar faces will grace the coaches' corner—former Malaysian star Tan Boon Heong now guides Hong Kong's doubles squad, Wong Choong Hann leads Hong Kong's charge as their singles head coach, and Ipoh-born Lee Wan Wah is Japan's men's doubles badminton head coach. Truly, the stage is set for six days of world-class badminton in this Super 500 tournament. Whether you're a die-hard shuttle fan or just someone who enjoys watching local heroes crush it on home turf, this is one show you won't want to miss. Today's (19 May) training sessions at Axiata Arena already gave fans a taste of what's to come, with players testing out the courts and adjusting to the arena's conditions. Game on. READ MORE : READ MORE : Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.