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Government Targets A GDP Of RM 104.2 Billion By 2030 With The National Automotive Policy 2020

February 21, 2020, Kuala Lumpur – Malaysian government expects the National Automotive Policy 2020 (NAP 2020) to attract a Gross Domestic Product (GDP) of RM104.2 billion by 2030.

At the same time, the government also aims to export RM12.3 billion worth of vehicles, RM28.3 billion worth of automotive parts and components, as well as RM10 billion worth of remanufactured automotive parts and components, to produce 1.47 million units of vehicles, and to increase the total industry volume to 1.22 million units by 2030.

If everything falls in place, the NAP 2020 should create a total of 323,000 job opportunities in the automotive industry. It is expected to create 128,000 job opportunities in the manufacturing sector, 46,000 in the aftermarket sector, 75,000 in the MaaS sector, 44,000 in the Internet of Things (IoT) sector and 30,000 robotic sector.

Meanwhile, the government also believes that the NAP 2020 is able to develop a total of 1,285 automotive suppliers (out of which at least 400 Tier 1 rated and 885 Tier 2 rated and below), and 1,500 automotive supplier companies. All the targets mentioned above should be achieved by 2030, stated in the NAP 2020 booklet.

“The introduction of new high technology in NAP 2020 enables Malaysia to become a leader in automotive industry within the ASEAN region, hence strengthening international cooperation in the development of global automotive industry,” it said.

Last week, the government has launched the long awaited NAP 2020.

NAP 2020 is the fourth version since it was first introduced in 2006, under the Third Industrial Masterplan (IMP3) 2006 – 2020, with the objectives of transforming the automotive industry as one of the important contributors of our economy.

The forth version is an improved version of the NAP 2014 framework, with a vision of becoming a regional leader in manufacturing, engineering, technology and sustainable development in the automotive sector. It also supports the development of existing or new Malaysian Vehicle Project as well as the participation of any vehicle producing company in realising the National Automotive Vision.

Through value chain development, human capital development and safety, environment and consumerism, the government plans to bring in more investment, expand to more markets and improves the technologies and engineering of the local automotive industry.

Three elements included to NAP 2020 – Next Generation Vehicle (NxGV), Mobility as a Service (Maas), and IR4.0.

Some of the key objectives of the NAP 2020 includes the development of the NxGV technology ecosystem to make Malaysia as a regional hub for the production of NxGV, expand the participation and improve the domestic automotive industry as well as the overall transportation ecosystem, making sure the domestic automotive industry is ready and well equipped with new trends of the automotive sector closely related to the development of industry 4.0 (IR4.0) and to reduce carbon emission from vehicles by improving the fuel economy level in Malaysia by 2025. It also has to ensure that the overall ecosystem which includes the consumers, domestic industry and the government receive maximum benefit from the spin off of the overall implementation of NxGV.

NxGV is a vehicle that meets the EEV classification and is equipped with the intelligent mobility applications with a minimum of level 3 vehicle automation rating. Its technology is classified according to the five levels of Autonomous/Automated and Connected Vehicle.

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