Hyundai teams up with national authority to improve Malaysian localisation
Hyundai Motor Malaysia and the Malaysian Investment Development Authority (MIDA) have collaborated on a high-impact supplier development and partnership programme, a five-day scheme to strengthen localisation in the country.
The programme brought together 36 Hyundai tier-1 suppliers and12 Malaysian vendors for business matching sessions, factory visits to Hyundai’s Asan plant and Hyundai Motor Studio, and technology sharing, aimed at fostering collaboration and best-practice exchange. The programme also lays the groundwork for future joint ventures, according to the authority, as well as technical alliances and co-development projects.
On top of this, four memorandums of understanding (MoUs) were signed between Malaysian and Korean vendors to support Hyundai’s vehicle production in Malaysia through technical collaboration.
In a joint statement, Hyundai and MIDA said the partnership “marks an important step in strengthening Malaysia’s position as a leading regional automotive player”, and will “elevate product quality, improve efficiency and expand technical capabilities, in line with global standards” in line with the National Automotive Policy (NAP) and the New Industrial Master Plan (NIMP) 2030.
The statement added: “The collaboration also promotes local participation in the automotive supply chain, reducing import dependency while stimulating innovation, skilled job creation and sustainable growth with Malaysia’s automotive industry."
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Jahabarnisa Haja Mohideen, managing director, Hyundai Motor Malaysia said the OEM remains “deeply committed” to Malaysia as an investor and long-term partner in progress.
“We look forward to continuing our collaboration with MIDA, our supply chain partners, and the wider automotive ecosystem to drive sustainable growth for our partners, the economy, the government, and ultimately our customers,” she said.
Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA said “it reflects our steadfast commitment to driving industry transformation through innovation, technology transfer and strong public-private collaboration”.
He added: “Through this partnership with Hyundai, MIDA seeks to empower Malaysian vendors to move up the value chain, enhance local capabilities, attract quality investments and accelerate the nation’s transition towards next-generation mobility.”
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