MalaysiaAccording to data from the Automobile Manufacturers Association,In 2023, the total sales of automobiles reached 799731 units, setting a new historical high, an increase of about 11% from 721177 units in 2022.

MalaysiaChairman Mohamad Sansu of the Automobile Manufacturers Association at the press conferenceexpress,Continuous total sales of automobilesOver 700000 vehicles in 2 years,ExplainedMalaysia's domestic economy is full of vitality and the social and political environment is stable. The sales growth is also due to the government's tax exemption incentive measures, the launch of new products such as competitively priced electric vehicles, and the improvement of the industrial supply chain environment.

Last year, both sedan and commercial vehicle sales increased, with two domestic car brandsautomobileThe market share has reached66.9%, non domestic car sales increased by 6%,Small increase in sales of commercial vehicles2%, for 1551 vehicles, with a total sales volume of 8571 vehicles.

  In 2023, the annual growth rate of electric vehicle sales in Malaysia reached 69%, accounting for approximately 5% of the total domestic car sales. The sales of electric vehicles increased from 22619 in the previous year to 38055 last year, with 1159 pure electric vehicles and 28055 hybrid vehicles.

The Malaysian Association of Automobile Manufacturers believes that the demand and interest in electric vehicles will continue to grow. Mohamo Sansuintroduce,two thousand and twenty-threeAnnual and monthly car sales,exceptOutside of April and June, both are higher than2022Same period of the year. fromStarting from May, the total sales of automobiles have exceeded 60000 units for several consecutive months, with sales exceeding 70000 units in four months.

expectationIn 2024, given the International Monetary Fund's forecast that global economic growth will slow down from 3% last year to 2.9% this year, the Malaysian Association of Automobile Manufacturers predicts a mild outlook for the industry, with total automobile sales expected to decline by 7.5% to 740000 units.

At present, Chinese car companies have shown a strong entry trend through joint ventures or equity participation with Malaysian companies, such as Geely's acquisition of MalaysiaThe national car brand, Baoteng, holds 49% of the shares. Malaysia's goal and plan is to achieve zero carbon emissions by 2050, with electric vehicle sales accounting for 15% of total car sales, electric motorcycles accounting for 15%, and electric buses accounting for 20% of total transport buses.

And toBy 2040, the proportion of electric and hybrid electric vehicles will reach 38% of total car sales. In addition,MalaysiaWe still plan toBuild 10000 electric vehicle charging stations before 2025.

In these rapidly growing data, Chinese car companies are no longer simply participating, but chasing more or even dominant market share.andChinese electric vehicle brandsalsoWe have deeply participated in the electric vehicle industry chain in the Malaysian market, which has advancedoflayout,Will contribute to ChinaautomobileEnterprises bring a lot of opportunities.