Sime Motors’ Inokom Corporation has been officially named as the local assembly (CKD) partner for BYD in Malaysia. The formal collaboration was sealed following the signing of a Memorandum of Understanding (MoU) at BYD’s global headquarters in Shenzhen, China.
Today’s announcement by BYD Malaysia confirms months of industry speculation after the Chinese battery and New Energy Vehicle (NEV) giant halted its initial plan to build a dedicated manufacturing plant in Tanjung Malim due to recent changes in CBU and CKD EV policy frameworks in Malaysia.
(L – R): Sime and BYD’s top management at MoU signing ceremony – Jeffrey Gan, MD for Southeast Asia, Sime Motors / Jeffri Salim Davidson, Group CEO, Sime / Liu Xueling, VP, BYD and GM, BYD APAC Auto Sales Division / Jacob Ma, MD, BYD Malaysia. Despite the shift in manufacturing strategy, BYD has maintained that it is committed to long-term operations in Malaysia, previously confirming during the local unveiling of the Atto 3 Performance in September that a local CKD assembly partner had been selected.
