Latest news with #Yazaki
The Star
16-05-2025
- Automotive
- The Star
Honda Malaysia debuts first BEV at RM149, 900
The company has already received 200 bookings, and the first delivery is expected in the middle of June," CEO Yazaki said. KUALA LUMPUR: Honda Malaysia has launched its first battery electric vehicle (BEV), the e:N1, priced at RM149,900. Its managing director and chief executive officer Narushi Yazaki said the launch strengthens Honda's EV lineup and offers Malaysians more mobility options in line with the company's 2025 business strategy. 'We plan to introduce two more EV models over the next three years. However, we will closely monitor customer demand and competitor pricing, as the market is evolving rapidly. 'Our goal is to respond carefully and strategically,' he said after the e:N1 launch here yesterday. The e:N1 is powered by a 68.8kWh lithium-ion battery, which generates a maximum power of 150kW and a peak torque of 310Nm. It supports AC (normal charging) up to 10kW and features DC (fast charging) up to 78kW. The colours available are Platinum White Pearl, Aqua Topaz Metallic and Urban Gray Pearl. 'The company has already received 200 bookings, and the first delivery is expected in the middle of June. 'We have also appointed eight authorised dealerships specialising in managing the EV cars,' Yazaki said. Honda Malaysia president and chief operating officer Sarly Adle Sarkum is hoping that the government will further extend incentives, including tax exemptions, for EVs assembled locally, or completely knocked down, beyond 2027. He said this will support the national target of having EVs account for 15% of total vehicle sales by 2030. — Bernama
The Star
16-05-2025
- Automotive
- The Star
Cambodia proposes Japanese Special Economic Zones investment
Chea Vuthy, secretary-general of the Cambodian Investment Board (CIB), presents a copy of the 'Investment Law of the Kingdom of Cambodia' to the visiting Japanese/Chinese delegation. - Phnom Penh Post/ANN PHNOM PENH (Phnom Penh Post/ANN): Cambodia has encouraged the leadership of giant Japanese automotive supplier Yazaki group to explore the possibility of investing in special economic zones (SEZ) to help attract more Japanese investors to the Kingdom. In the first four months of 2025, trade between the two nations equalled more than $832 million. Yoshimoto Ito, deputy CEO of Yazaki, met with Chea Vuthy, secretary-general of the Cambodian Investment Board (CIB) under the Council for the Development of Cambodia (CDC), on May 12. The delegation led by Yoshimoto, also included representatives from Guangdong Dongfang Investment Co., Ltd., a joint investment partner in the group's production base, in China's Guangdong province. Vuthy expressed his appreciation to the company for its existing operations in Cambodia and its intentions to further expand its investment. He recommended that the company identify a suitable location for its investment expansion and consider establishing an SEZ to attract more Japanese investors to the Kingdom. 'I would like to encourage the company's leadership to consider investing in the development of an SEZ to help draw more Japanese investment to Cambodia,' he said. Yoshimoto shared his gratitude for the CDC's support of Yazaki's investment expansion plans in Cambodia and committed to exploring the feasibility of establishing an SEZ. According to the CDC, Yazaki has operating an electric wire component factory in the Neang Kok Koh Kong SEZ, in Koh Kong province, for more than 10 years, and has had a presence in Guangdong, China, for about 40 years. The General Department of Customs and Excise (GDCE) reported that from January to April, trade between Cambodia and Japan totalled $832.29 million, an increase of 29.7% over the same period last year. Cambodia exported $523.49 million to Japan (up 19.8%), while imports stood at $308.8 million (up 50.6%). Based on these figures, Cambodia has a trade surplus of $214.69 million, compared to $231.81 million in the same period of 2024. Sam Soknoeun, hairman of the Board of SAM SN Group, told The Post on May 13 that SEZs play a vital role in attracting more investment to the Kingdom. Japanese investors, he explained, usually conduct thorough studies before deciding where to invest and prefer locations where fellow Japanese nationals are already present. Therefore, if Yazaki, led by Japanese executives, invests in a new location, it would help encourage other Japanese investors to follow. 'If Japanese companies or investors come to SEZs in Cambodia, I believe it will attract even more Japanese investment into the country,' he said. He added that investing in Cambodia offers high potential returns due to the country's political stability, investor-friendly laws, strong transport infrastructure and access to international markets. According to Soknoeun, Japanese investment in Cambodia currently spans several sectors, including construction, real estate, hotels, tourism, automotive assembly, agricultural product processing, agro-industry, food, crop cultivation, electronic and electrical components, and supermarkets. The Ministry of Commerce stated that from January to November 2024, 88 Japanese companies/enterprises registered in Cambodia — an increase of 20.55% compared to the same period in 2023. - Phnom Penh Post/ANN
New Straits Times
15-05-2025
- Automotive
- New Straits Times
Honda's first battery EV 'electrifies' Malaysian market
HONDA launched its first battery electric vehicle (BEV), the all-new e:N1, in Malaysia on Thursday, marking an electrifying milestone. To commemorate the launch, Honda Malaysia is offering a special price of RM149,900 for a limited quantity. Honda Malaysia managing director and chief executive officer Narushi Yazaki said the Japanese marque had been at the forefront of innovation, bringing advanced technologies to Malaysians. "This journey began with IMA in 2004, and continued with VTEC Turbo in 2016, i-DCD in 2017, and e:HEV technology in 2020. We strive to draw strength from our history as we continue to power the future," he said at the launch. Building on the foundation, Honda in Malaysia is on the right track in navigating the market with its internal combustion engine (ICE) and e:HEV models, which remain highly relevant today. "Ensuring a 'Fun-To-Drive' experience is key to all our technological developments, and our new BEV will certainly uphold this tradition," he added. The e:N1, Yazaki said, is not just about creating excitement - it represents a significant step forward that propels Honda further in its ongoing journey into the age of electrification. Backed by a good start to 2025, with nearly 24,000 vehicles sold in the first four months, Honda Malaysia is confident that the e:N1 will further reinforce its unique position and strong market presence in the industry. The e:N1 is powered by a 68.8kWh lithium-ion battery that generates a maximum power of 150kW and a peak torque of 310Nm. For charging, it supports AC (normal charging) up to 10 kW, with a 10 per cent to 80 per cent charge taking six hours. The BEV also features DC (fast charging) up to 78 kW, achieving a 30- 80 per cent charge in about 50 minutes. With a driving range of up to 500km, customers can enjoy an exhilarating drive that features three driving modes - Sport, Normal and ECON. Exterior-wise, the e:N1 presents a modern design, headlined by a clean, sleek front grille and a new white "H" badge that symbolises Honda's electrification. Complementing its elegant and minimalist appearance are LED headlights, LED taillight and 18-inch dual-tone alloy wheels made just for the BEV.
The Star
15-05-2025
- Automotive
- The Star
Honda Malaysia launches maiden battery electric vehicle
KUALA LUMPUR: Honda Malaysia has launched its first battery electric vehicle (BEV), the e:N1, priced at RM149,900. Its managing director and chief executive officer, Narushi Yazaki, said the launch strengthens Honda's electric vehicle (EV) lineup and offers Malaysians more mobility options in line with the company's 2025 business strategy. "We plan to introduce two more EV models over the next three years. However, we will closely monitor customer demand and competitor pricing, as the market is evolving rapidly. "Our goal is to respond carefully and strategically,' he said after the e:N1 launch here today. The e:N1 is powered by a 68.8kWh lithium-ion battery, which generates a maximum power of 150kW and a peak torque of 310Nm. It supports AC (normal charging) up to 10kW and features DC (fast charging) up to 78kW. The colours available are Platinum White Pearl, Aqua Topaz Metallic and Urban Gray Pearl. "The company has already received 200 bookings, and the first delivery is expected in the middle of June. We have also appointed eight authorised dealerships specialising in managing the EV cars,' Yazaki said. Meanwhile, Honda Malaysia president and chief operating officer Sarly Adle Sarkum is hoping that the government will further extend incentives, including tax exemptions, for EVs assembled locally, or completely knocked down (CKD), beyond 2027. He said the proposal is also aimed at supporting the national target of having EVs account for 15 per cent of total vehicle sales in the country by 2030. "If the CKD programme begins in 2027, manufacturers will need a minimum of five years beyond that to recover their investments. Incentives are crucial not just for Honda but for the entire automotive industry. "The importance of government support, without the continuation of incentives, would be challenging for Honda to initiate a CKD programme,' he said. The government has previously offered incentives such as sales tax exemptions for CKD vehicles, helping to make them more affordable for consumers. Fully imported, or completely built up (CBU), EVs are exempted from import and excise duties until Dec 31, 2025, while CKD EVs enjoy these exemptions until Dec 31, 2027. - Bernama
The Star
14-05-2025
- Automotive
- The Star
Cambodia proposes Japanese SEZ investment
PHNOM PENH: Cambodia has encouraged the leadership of giant Japanese automotive supplier Yazaki group to explore the possibility of investing in special economic zones (SEZ) to help attract more Japanese investors to the kingdom. In the first four months of 2025, trade between the two nations equalled more than us$832 million. Yoshimoto Ito, deputy CEO of Yazaki, met with Chea Vuthy (pic), secretary-general of the Cambodian Investment Board (CIB) under the Council for the Development of Cambodia (CDC), on May 12. The delegation led by Yoshimoto, also included representatives from Guangdong Dongfang Investment Co., Ltd., a joint investment partner in the group's production base, in China's Guangdong province. Vuthy expressed his appreciation to the company for its existing operations in Cambodia and its intentions to further expand its investment. He recommended that the company identify a suitable location for its investment expansion and consider establishing an SEZ to attract more Japanese investors to the kingdom. 'I would like to encourage the company's leadership to consider investing in the development of an SEZ to help draw more Japanese investment to Cambodia,' he said. Yoshimoto shared his gratitude for the CDC's support of Yazaki's investment expansion plans in Cambodia and committed to exploring the feasibility of establishing an SEZ. According to the CDC, Yazaki has operating an electric wire component factory in the Neang Kok Koh Kong SEZ, in Koh Kong province, for more than 10 years, and has had a presence in Guangdong, China, for about 40 years. The General Department of Customs and Excise (GDCE) reported that from January to April, trade between Cambodia and Japan totalled $832.29 million, an increase of 29.7% over the same period last year. Cambodia exported $523.49 million to Japan (up 19.8%), while imports stood at $308.8 million (up 50.6%). Based on these figures, Cambodia has a trade surplus of $214.69 million, compared to $231.81 million in the same period of 2024. Sam Soknoeun, chairman of the Board of SAM SN Group, told The Post on May 13 that SEZs play a vital role in attracting more investment to the kingdom. Japanese investors, he explained, usually conduct thorough studies before deciding where to invest and prefer locations where fellow Japanese nationals are already present. Therefore, if Yazaki, led by Japanese executives, invests in a new location, it would help encourage other Japanese investors to follow. 'If Japanese companies or investors come to SEZs in Cambodia, I believe it will attract even more Japanese investment into the country,' he said. He added that investing in Cambodia offers high potential returns due to the country's political stability, investor-friendly laws, strong transport infrastructure and access to international markets. According to Soknoeun, Japanese investment in Cambodia currently spans several sectors, including construction, real estate, hotels, tourism, automotive assembly, agricultural product processing, agro-industry, food, crop cultivation, electronic and electrical components, and supermarkets. The Ministry of Commerce stated that from January to November 2024, 88 Japanese companies/enterprises registered in Cambodia — an increase of 20.55% compared to the same period in 2023. - The Phnom Penh Post/ANN
