Malaysia invites US businesses, including Tesla, to invest in the country
Malaysian Prime Minister Ismail Sabri Yaakob during his four-day working visit to Washington, D.C. on May 11 has invited US businesses, particularly Fortune 500 companies, to invest or increase their investment in Malaysia, namely in the digital economy, green technology and electric car sectors.
In the latter context, he said that he had specifically invited electric vehicle maker Tesla to look at Malaysia as a potential production hub.
“I have suggested to Tesla to invest in Malaysia in producing electric cars,” Yaakob told Malaysian journalists following a meeting with Ted Osius, president and CEO of the US-ASEAN Business Council in Washington, according to Bernama state news agency.
Yaakob said he has asked the council, which represents 170 major US businesses in Southeast Asia, to play a bigger role in attracting investments to the region, and especially to Malaysia. He acknowledged that the council regarded Malaysia as an important trading partner of the US.
However, Malaysia’s calls for investment by Tesla are well behind the progress actually accomplished by Indonesia, which has long been in talks with Tesla founder and CEO Elon Musk over the probability of setting up a factory in the country and make use of Indonesia’s plentiful nickel reserves to make batteries for electric vehicles.
[caption id="attachment_38454" align="alignleft" width="300"] Tesla's production process is widely automated[/caption] Malaysian Prime Minister Ismail Sabri Yaakob during his four-day working visit to Washington, D.C. on May 11 has invited US businesses, particularly Fortune 500 companies, to invest or increase their investment in Malaysia, namely in the digital economy, green technology and electric car sectors. In the latter context, he said that he had specifically invited electric vehicle maker Tesla to look at Malaysia as a potential production hub. “I have suggested to Tesla to invest in Malaysia in producing electric cars,” Yaakob told Malaysian journalists following a meeting with Ted...
Malaysian Prime Minister Ismail Sabri Yaakob during his four-day working visit to Washington, D.C. on May 11 has invited US businesses, particularly Fortune 500 companies, to invest or increase their investment in Malaysia, namely in the digital economy, green technology and electric car sectors.
In the latter context, he said that he had specifically invited electric vehicle maker Tesla to look at Malaysia as a potential production hub.
“I have suggested to Tesla to invest in Malaysia in producing electric cars,” Yaakob told Malaysian journalists following a meeting with Ted Osius, president and CEO of the US-ASEAN Business Council in Washington, according to Bernama state news agency.
Yaakob said he has asked the council, which represents 170 major US businesses in Southeast Asia, to play a bigger role in attracting investments to the region, and especially to Malaysia. He acknowledged that the council regarded Malaysia as an important trading partner of the US.
However, Malaysia’s calls for investment by Tesla are well behind the progress actually accomplished by Indonesia, which has long been in talks with Tesla founder and CEO Elon Musk over the probability of setting up a factory in the country and make use of Indonesia’s plentiful nickel reserves to make batteries for electric vehicles.
