"The government has decided to relook at the NAP 2020 over EVs and go all out in terms of offering fiscal incentives. Customised incentives will be replaced with explicit, menu-based incentives, specifically for the EV sub-sector, according to the chief executive officer (CEO) of Malaysia Automotive, Robotics, and IoT Institute (MARii) Datuk Madani Sahari.
“There have been a lot of engagements between the government and the OEMs (original equipment manufacturers). They want to bring more investments into Malaysia in EV technology, but they require measures that are more robust and specific to EV.
“We have been listening and engaging the industry,” says Madani.
Time is running out. The EV sub-sector urgently requires a comprehensive and specific policy tailored to the needs of the industry — if the automotive sector is to grow. Some caution it may already be too little too late for Malaysia to catch up."
It is only about time that the Malaysian Government will have to come up with initiatives to keep up with its regional peers. With PESTECH in the unique combination business model of EV & SOLAR, it is poised to ride this new green energy trend.
PESTECH INTERNATIONAL BERHAD ("PESTECH" OR "THE COMPANY") NOTIFICATION OF AWARD FOR THE CONTRACT ON 230KV UNDERGROUND TRANSMISSION LINE AND 22KV DISTRIBUTION LINE FROM ELECTRICITE DU CAMBODGE
The Board of Directors of PESTECH (“Board”) wishes to announce that its wholly-owned subsidiary, PESTECH Sdn Bhd (“PSB”) under a consortium with Furukawa Electric Co. Ltd (“FECL”), had on 16 February 2021, received a Notification of Award from Electricite du Cambodge (“EDC”) of Cambodia for the contract in relation to the Phnom Penh City Transmission and Distribution System Expansion Project Phase 2 (I) – Package 3, Procurement of Underground Transmission and Distribution Line Works (hereinafter referred to as the “Project”) at a total contract value of:
JPY2,219,456,600.00 (Japanese Yen Two Billion Two Hundred Nineteen Million Four Hundred Fifty-Six Thousand Six Hundred only); and
USD19,940,330.00 (United States Dollar Nineteen Million Nine Hundred Forty Thousand Three Hundred and Thirty only).
MBM president and chief executive officer Claus Weidner (pic) said the company is looking at the economic feasibility of bringing in the EQ.
KUALA LUMPUR: Mercedes-Benz Malaysia (MBM) is considering to introduce its electric vehicle (EV), the EQ, locally but this will depend on the National Automotive Policy (NAP) and the charging infrastructure.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hengsame
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Posted by hengsame > 2021-02-11 10:24 | Report Abuse
Good link thank yoiu equisearch --- another solar energy stock