Malaysia

Reported on April 26, 2024, Geely Auto vice-president and Geely New Energy Powertrain R&D Centre president revealed that there are potential opportunities for the company to work with Malaysia on the methanol-powered vehicle development project, following the development in after China and the European market. Geely recognized the efforts of Malaysia to ramp up production of green and sustainable fuel.

Geely Holding Group is the largest developer and producer of methanol vehicles in the world. It currently holds a 49.9% stake in Malaysian car company Proton Holdings Bhd and is pursuing opportunities to produce more models to support the government's green ecosystem initiatives.

(From an article of New Straits Times on April 26, 2024 and multiple sources)

Reported on May 2, 2024, Mitsubishi Motors Malaysia (MMM) announced that the Xpander continued to lead the non-national MPV market locally in its 2023 financial year (April 2023 – March 2024), as sales reached 11,384 units.

In addition to this locally assembled (CKD) MPV, MMM also revealed that sales of the Triton pick-up truck reached 8,636 units in FY2023. This figure enabled the Triton to hold the second best-selling double-cab pick-up truck title in Malaysia.

In January 2024, MMM launched the Triton AT Premium limited-edition variant.

(From an article of Paul Tan on May 2, 2024)

On April 26, ams-OSRAM AG (ams OSRAM) announced that it has initiated restructuring its microLED-related development activities in both Malaysia and Germany to a remaining minimum core development for mainly proprietary use in future automotive products, such as advanced, high-pixelated forward lighting solutions.

More than 500 employees at the respective sites combined are affected. Some freed-up resources are reallocated to further strengthen its market leadership position in the automotive LED market. The stop of the cornerstone project will incur a one-time cost of around EUR 700 million, at the lower end of the previously indicated range of EUR 600 to 900 million. 

In February 2024, ams OSRAM announced that a lead customer had stopped the cornerstone microLED development project. In case a new lead customer commits promptly to fund dedicated developments for specific applications, the company may continue a more substantial microLED development.

Based on ams OSRAM press release