The government might roll back blanket subsidies for RON 95 petrol as early as this month, says Citigroup Inc as reported by The Edge. The daily also said that Citi's chief Malaysian economist, Wei Zheng Kit, notes that the government's spending reached 53.9% of its annual target in the first five months of the year (January to May), a higher proportion than in previous years. Hence, the banking group highlighted the urgent need for Malaysia to reform its fuel subsidies to achieve its 2024 defic

Sanjay

Jul 3, 2024

XPeng Malaysia's website and Facebook, Instagram pages are now online, as the company gears up for its official introduction into the country. There's also a cryptic countdown to something that's happening in six days, which we reckon could be the company's formal announcement and, just maybe, the launch of the G6 BEV, which is confirmed to be the brand's first car here. The Chinese BEV marque's distributorship here is taken care of by Bermaz Auto; the formal name of this partnership is Bermaz X

Sanjay

Jul 3, 2024

Last week, a newsletter by RHB Investment revealed that Dinamikjaya Motors, Kia’s Malaysian distributor and a subsidiary of Bermaz Auto (BAuto), is looking to launch the new generation (NQ5) Kia Sportage in the fourth quarter of this year (Q4 2024). This has been further confirmed by BAuto CEO, Datuk Francis Lee, in a recent interview with The Edge. He told the local financial publication that Kia is the company’s “new workhorse” for growth over the next 2 to 3 years, replacing Mazda as it moves

CY Foong

Jul 2, 2024

With a starting price of RM 1.228 million, the all-new 2024 Lexus LM is never going to be a high-volume seller for Lexus Malaysia. Typically, the annual allocation for this class of cars, regardless of brand, is only around 25 units per year. Lexus Malaysia says they have collected less than 20 orders, which is more than enough because that figure is more than their currently available stock. More units are on the way, but there’s a four-month waiting period for the tycoon who is booking one tod

Hans

Jul 2, 2024

While sales of battery electric vehicles (BEVs) in Malaysia have experienced 3-digit growth figures year-on-year, they account for around 1.5% of the total automotive market share. Still, the growth of BEVs in Malaysia is largely driven by government-supported incentives as well as attractive prices, mostly from Chinese brands. Another Chinese BEV maker is heading into Malaysia but rather than going all out by bringing in higher volume, Bermaz Auto (BAuto) is instead looking to bring in XPeng th

CY Foong

Jul 2, 2024