Malaysia invites US businesses, including Tesla, to invest in the country

Tesla’s production process is widely automated

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

[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...

Tesla’s production process is widely automated

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

NO COMMENTS

Leave a Reply