Latest news with #e.MAS7BEV
Yahoo
23-04-2025
- Automotive
- Yahoo
Malaysia vehicle market expands by 2% in March
Malaysia's new vehicle market expanded by 2% to 72,704 units in March 2025 from 71,199 units a year earlier, according to registration data released by the Malaysian Automotive Association (MAA). Compared with February, the market was up by 12%, which the association attributed to the annual 'Hari Raya' festivities and dealer discounts. In the first quarter of the year the vehicle market declined by over 7% to 188,122 units, from 203,137 units in the same period last year. This follows a strong rebound in the last three years from the pandemic lows - with the market hitting a record high of 816,747 units in 2024. A significant market pull-back, therefore, has been widely anticipated this year, despite still strong economic growth in the country. The latest government data showed year-on-year GDP growth of 4.8% in the fourth quarter of 2024, down slightly from 5.3% in the third quarter. Sales of passenger vehicles fell by 5% to 176,470 units year-to-date, while commercial vehicle sales plunged by 33% to 11,652 units. Battery electric vehicle (BEV) sales increased by 46% to 6,827 units in this period, driven mainly by China's BYD Auto and the recent launch of the Proton Total vehicle production in the country fell by 16% to 177,603 units in the three-month period. Proton's global sales fell by over 10% to 35,068 units in the first quarter of 2025, including 1,853 units of its newly-launched BEV. The Saga remained by far the company's best-selling model – despite deliveries falling by 14% to 15,775 units; followed by the Geely-based X50 compact SUV with 5,117 units; and the Geely-based S70 sedan with 4,465 units. Exports amounted to 807 vehicles in this period. 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 15% decline in first-quarter sales to 19,944 units, while separate registration data from the Department of Transport shows Perodua's domestic registrations amounted to 85,091 units in this period. "Malaysia vehicle market expands by 2% in March" 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
Yahoo
25-03-2025
- Automotive
- Yahoo
Proton launches its new e.MAS 7 BEV in Nepal
Malaysian national car company Proton announced it has entered the Nepalese battery electric vehicle (BEV) market with the launch of its 7 model, which was only launched in Malaysia in December. The automaker is targeting the rapid growth in the country's BEV segment, which it says has expanded more than ninefold in the last three years to account for around 73% of total vehicle sales. BEV sales in the country are understood to have increased to 10,794 units in 2024 from just 1,134 units in 2021, in line with the government's Green Mobility Vision. Proton also pointed out that the Nepal Electricity Authority (NEA) has pledged to build a network of over 300 charging stations across the country in the next three years. The launch event was held in the country's capital city Kathmandu and was attended by a number of Proton executives, including CEO Dr Li Chunrong. The automaker's local distributor, Jagdamba Motors Pvt Ltd, was represented by executive director Akhil Gupta and managing director Sahli Agrawal, as well as by Shanker Lal Agrawal - chairman of its parent company Shanker Group. Proton said it currently has three sales outlets operating in the country, but plans to expand the network to 12 by the end of the year. "Proton launches its new 7 BEV in Nepal" 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.
