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Volvo Car Malaysia Achieves Record-Breaking Electrification Milestone in 2024

Volvo Car Malaysia has concluded the 2024 calendar year with a record-breaking sales mix for its fully electric (BEV) segment, which accounted for 30% of total retail sales—a significant 18% increase from 2023.

The combined sales of Volvo Car Malaysia’s BEV and plug-in hybrid (PHEV) models made up 83% of total retail sales, compared to 71% in the previous year. This milestone aligns with Volvo’s global sustainability ambition to sell between 90% to 100% electrified vehicles by 2030, encompassing models with plug-in high-voltage battery drivetrains.

A Leader in Electrification

Since 2020, Volvo Car Malaysia has been at the forefront of electrification, offering only fully electric or hybrid electric variants across all new models. Customers in Malaysia currently have the option of choosing between plug-in hybrid electric vehicle (PHEV) and mild-hybrid electric vehicle (MHEV) powertrains for internal combustion engine models.

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Honda CR-V Secures Top Spot as Malaysia’s No.1 Mid-Size SUV in 2024

Honda Malaysia has achieved a significant milestone with the sale of over 11,300 units of its flagship model, the 6th Generation CR-V, securing its position as the No.1 Mid-Size SUV in 2024 with a commanding 36% market share in the segment.

Honda Malaysia’s Managing Director and Chief Executive Officer, Mr. Hironobu Yoshimura, expressed his delight at the CR-V’s outstanding market performance. “Since its launch in December 2023, the CR-V has received strong market acceptance, further solidifying its dominant position. This growing demand is reflected in its remarkable 40% year-on-year growth within its segment. Notably, the CR-V ranked as the third best-selling model in Honda Malaysia’s lineup for 2024.”

Impressive Sales Contribution from Hybrid and Petrol Variants

The introduction of the 2.0L e:HEV RS hybrid variant has significantly boosted demand, contributing to 20% of overall CR-V sales. Within the Mid-Size SUV hybrid segment, the e:HEV RS commands an 87% market share, reflecting strong consumer confidence in Honda’s advanced hybrid technology.

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Proton Begins Construction of Malaysia’s First Dedicated EV Production Plant

Proton has officially commenced construction of its first dedicated electric vehicle (EV) production plant at its high-tech Tanjung Malim facility, marking a major milestone in the company’s transition toward local EV manufacturing. The facility, which represents an investment of RM82 million, is set to be completed by the end of 2025.

The first phase of Proton’s EV assembly plant will have an initial production capacity of 20,000 units per year. Once completed, the plant will manufacture multiple models based on the Global Modular Architecture (GMA) platform, starting with the Proton e.MAS 7, the first EV model from a Malaysian automotive brand.

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Jaecoo Begins Nationwide Deliveries of C9 Premium Off-road SUV Coupe

Jaecoo Malaysia has commenced the nationwide delivery of up to 500 units of the C9 Premium Off-road SUV Coupe to dealerships across the country, following strong market demand.

Powered by a 2.0 TGDI inline four-cylinder petrol engine, the C9 delivers 257hp and 400Nm of torque. The 2WD variant offers three driving modes, tailored for city and light off-road usage, while the AWD variant expands versatility with seven driving modes, including settings for urban commutes, sporty drives, and challenging terrains.

Pricing and Warranty

The Jaecoo C9 Premium Off-road SUV Coupe is available in two variants:

All-Wheel Drive (AWD): RM188,800
Two-Wheel Drive (2WD): RM168,800

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Ferrari to Unveil Its First Electric Car Along Five Other Models

Ferrari is set to launch its first-ever electric vehicle (EV) later this year, marking a historic shift for the legendary Italian automaker. CEO Benedetto Vigna confirmed the news during Ferrari’s latest financial results presentation but remained tight-lipped on specific details. However, he assured that the new model would stand apart from other EVs, promising a “unique” combination of style, performance, and driving excitement.

A Crossover or GT, Not a Traditional Sports Car?

While Ferrari has yet to reveal the vehicle’s design, spy photos circulating online suggest the EV will likely be a crossover or grand tourer (GT) rather than a traditional sports car. Test mules spotted around Maranello feature a four-door hatchback-style body, fake exhaust pipes, and synthesised engine sounds, hinting at Ferrari’s approach to blending electrification with its signature driving experience.

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Toyota to Build Lexus EV Plant in Shanghai, Raises Profit Forecast to Nearly $30 Billion

Toyota has announced plans to establish an electric vehicle (EV) plant in Shanghai dedicated to its luxury Lexus brand, reinforcing its commitment to China’s growing EV market. This move comes as foreign automakers face increasing challenges in the world’s largest auto market.

The Japanese automotive giant, the world’s top-selling carmaker, revealed the decision while also raising its annual net profit forecast to nearly $30 billion and increasing its revenue projection.

Toyota stated that it will set up a wholly owned company in Shanghai for the development and production of Lexus battery electric vehicles (BEVs) and batteries. Production is expected to commence after 2027, with the facility creating 1,000 new jobs and boasting an annual output capacity of approximately 100,000 vehicles.

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Latest News

Volvo Car Malaysia Achieves Record-Breaking Electrification Milestone in 2024

Honda CR-V Secures Top Spot as Malaysia’s No.1 Mid-Size SUV in 2024

Proton Begins Construction of Malaysia’s First Dedicated EV Production Plant

Jaecoo Begins Nationwide Deliveries of C9 Premium Off-road SUV Coupe

Ferrari to Unveil Its First Electric Car Along Five Other Models

Toyota to Build Lexus EV Plant in Shanghai, Raises Profit Forecast to Nearly $30 Billion

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