Malaysia WTC and China GAC sign MOU on vehicle assembly projects

On March 30 2024 Warisan Tan Chong (WTC) Automotif (M) Sdn Bhd (WTCA) and Guangzhou Automotive Group Motor International Co Ltd (GAC Motor International)  signed the MOU to initiate feasibility studies for two new completely knocked-down vehicle assembly projects in Malaysia.

WTCA was represented by its parent company's (WTC Holdings Bhd) chief executive officer Tan Keng Meng, and GAC Motor International by its president Feng Xingya.

Sharing of technology and knowledge between China and Malaysia in this collaboration will be instrumental in driving advancements and fostering innovation in the automotive industry, enhancing Malaysia as an attractive destination for investment by high-quality global investors.

This decision underscores Malaysia's significance as a key destination for international expansion, and highlights the country's attractiveness as a preferred market for automotive ventures.

In line with Malaysian objective to reach net-zero greenhouse gas emissions by 2050, WTCA and GAC [Motor International] are encouraged to introduce more product line-ups in Malaysia, especially EVs, as part of efforts to promote sustainable transportation and reduce carbon emissions.