MIDA, Hyundai Collaborates To Strengthen Malaysia’s Automotive Supply Chain And New Energy Ecosystem

KUALA LUMPUR, Nov 3 (Bernama) -- The Malaysian Investment Development Authority (MIDA), in collaboration with Hyundai Motor Malaysia, has organised a five-day programme to strengthen localisation, enhance vendors’ technical expertise, and support Malaysia’s transition to a new energy ecosystem.

Held from Oct 27 to 31, 2025, in Korea, the programme brought together 12 Malaysian vendors and 36 Hyundai global Tier-1 suppliers for business matching sessions, factory visits, and technology-sharing engagements aimed at fostering collaboration and knowledge exchange.

In a joint statement today, MIDA and Hyundai said participants also visited Hyundai’s Asan Plant and Hyundai Motor Studio, where they gained first-hand insights into the company’s advanced manufacturing systems and mobility innovations.

MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the partnership marks an important step in strengthening Malaysia’s position as a leading regional automotive player, in line with the National Automotive Policy (NAP) and the New Industrial Master Plan (NIMP) 2030.

“It reflects our steadfast commitment to driving industry transformation through innovation, technology transfer, and strong public-private collaboration.

“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,” he said.

MIDA and Hyundai are working closely to connect Malaysian vendors with regional and global Tier-1 suppliers, opening new pathways for long-term partnerships and market access.

Beyond capability building, the programme also lays the groundwork for future joint ventures, technical alliances, and co-development projects, fostering a more resilient and innovation-driven supply chain for Malaysia’s new energy industry.

Hyundai Motor Malaysia managing director Jahabarnisa Haja Mohideen said Hyundai remains deeply committed to Malaysia, not only as an investor but as a 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.

The joint statement added that four memorandums of understanding (MoUs) were signed between Malaysian and Korean vendors to support Hyundai’s vehicle production in Malaysia through technical collaboration.

The partnerships are seen as vital to strengthening the local automotive ecosystem by giving Malaysian vendors access to advanced technologies and manufacturing expertise.

“This will elevate product quality, improve efficiency, and expand technical capabilities, in line with global standards.

“The collaboration also promotes local participation in the automotive supply chain, reducing import dependency while stimulating innovation, skilled job creation, and sustainable growth within Malaysia's automotive industry,” it added.

-- BERNAMA