Nga Kor Ming to Engage PM Anwar on BYD Investment, Push to Secure Project for Perak
IPOH: Housing and Local Government Minister Nga Kor Ming plans to raise issues surrounding BYD’s proposed investment in Tanjong Malim with Anwar Ibrahim, as efforts intensify to secure the project for Perak.
Nga said the electric vehicle (EV) project could deliver significant economic benefits, including job creation, technology transfer, and the strengthening of Malaysia’s EV ecosystem.
He noted that attracting such a major investment would position Perak as a key player in the country’s growing EV industry.
Ready to Act as Bridge Between Governments
Nga expressed his willingness to serve as an intermediary between the state and federal governments to ensure the investment remains in Perak.
He said discussions with the Prime Minister would focus on achieving the most favourable outcome for the state and its people.
“I am prepared to facilitate coordination between both levels of government so that this investment can be realised effectively,” he said during a session at the Perak State Legislative Assembly.
High Potential Investment
Highlighting BYD’s global standing, Nga pointed out that the company sold more than five million EV units last year, underscoring its strength as a strategic investor.
BYD has previously indicated plans to establish an EV assembly plant in Tanjong Malim, with production expected to begin within the year.
State Accelerates Investment Processes
Meanwhile, Perak executive councillor Loh Sze Yee said the state government is implementing proactive measures to retain and attract foreign investments.
These include fast-tracking planning approvals within 21 days and allowing preliminary site work to begin once applications are submitted.
He added that similar facilitation measures have been applied to the BYD project to ensure swift implementation.
Balancing Investment with Local Industry Protection
The Ministry of Investment, Trade and Industry has imposed conditions on BYD’s local operations, including prioritising export markets and limiting domestic sales of locally assembled units to 10,000 annually.
These measures aim to balance foreign investment inflows with the protection of local automotive industry interests.
-wilayah.com.my
