Following Puspakom's recent announcement that it will have to comply with the Inland Revenue Board's (LHDN) move to adopt e-invoicing, many car companies and dealers are bracing for a slowdown in sales of imported cars (CBU), especially battery EVs (BEVs), pick-up trucks, and reconditioned (recon) cars. As with any change in processes, a temporary slowdown in sales is expected in the near term due to the period of adjustment required for phasing in a new system. This should improve in the coming

Arvind

Jul 26, 2024

The recent Puspakom ruling change requiring owners and companies to provide their Tax Identification Number (TIN) before conducting any service transactions has resulted in an abrupt influx of appointments, already causing delays in vehicle deliveries – particularly fully imported (CBU) BEVs, pick-up trucks, and recon cars. Earlier this week, Puspakom announced that starting 25 July 2024, all customers must provide a Tax Identification Number (TIN) for all service transactions via the MyPuspakom

Arvind

Jul 26, 2024

Following its public Malaysian debut at the 2024 Malaysian Autoshow, Intro Synergy Sdn Bhd, the sole distributor of Neta vehicles in Malaysia has launched the Neta X fully electric (BEV) SUV. Fully imported (CBU) from China, the Neta X is available in Malaysia in three variants: Neta X 400 Comfort – RM 119,888 Neta X 400 Luxury – RM 127,888 Neta X 500 Luxury – RM 135,888 The Neta X comes with an 8-year/180,000-km battery warranty, whichever comes first. All three variants look similar and are po

CY Foong

Jul 25, 2024

After delays with its initial Vietnamese distributor, BYD made its launch into the Southeast Asian country this week with an aggressive sales network expansion. BYD Vietnam expects to open ten 4S outlets in Hanoi, Ho Chi Minh City, and 5 other provinces across the country by the end of July. It plans to expand to 100 4S stores across Vietnam within 3 years. Three models are being offered in Vietnam which are the BYD Dolphin, BYD Atto 3, and BYD Seal. The cheapest BYD model, the Dolphin GLX start

CY Foong

Jul 25, 2024

In March 2022, Porsche announced an ambitious goal of having half of its 2025 global sales to be contributed either by plug-in hybrids (PHEVs) or battery EVs (BEVs), and for BEV sales contribution to reach 80% by 2030. Now, Porsche is reframing that target, saying that the 80% goal still stands but only if factors like market demand and infrastructure can support the goal. "The transition to electric cars is taking longer than we thought five years ago," Porsche said in a statement to Reuters. "

Hans

Jul 25, 2024