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National Automotive Policy 2020 Launched to Futurise Auto and Mobility Sector
February 21, 2020 News

 

The National Automotive Policy 2020 (NAP 2020) was launched by Prime Minister, YAB Tun Dr. Mahathir Mohamad at the Ministry of International Trade and Industry (MITI), marking Malaysia’s move towards becoming a regional leader in manufacturing, engineering, technology and sustainable development in the automotive sector, in line with the National Automotive Vision.

Accompanying the Prime Minister at the launch was the Minister of International Trade and Industry, YB Datuk Darell Leiking, who gave the Opening Speech.

The overall intended outcomes of the NAP 2020 would be more research of new technologies, creation of business and jobs opportunities particularly for the SMEs, and the development of new manufacturing processes and value chains within the local automotive and overall mobility sector.

The ecosystem of the manufacturing and aftermarket sectors within the automotive and overall mobility industry would be enhanced, focusing on Next Generation Vehicle (NxGV), Mobility as a Service (MaaS) and Industrial Revolution 4.0 (IR4.0).  The NAP 2020 has a time horizon of ten years, from 2020 to 2030.

The NAP 2020 will also have improvements in existing policy measures and implementation aligning with current technological advancements. Participation of local companies in the domestic and global supply chain will be promoted, while other areas of focus are geared towards encouraging R&D and engineering activities, building capacity of local workforce, which provides support for the national car projects as well as enhancing exports, investments and local production volume.

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