How will local vendors benefit from the NxGV strategy?

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Local Vendors Can Benefit from NxGV Strategy Through Technology Introduction and Skill Enhancement

The National Automotive Policy (NAP) 2020's strategy to transform Malaysia into a hub for Next Generation Vehicles (NxGV) presents significant opportunities for local automotive vendors. This strategic direction is expected to facilitate the introduction of new technologies into the country and simultaneously elevate the skills and capabilities of the existing vendor community. Proton, as a key player, intends to actively engage with local suppliers to foster this growth.
Introduction of New Technologies

The NxGV strategy signifies a shift towards advanced automotive technologies, including electric and hybrid powertrains, as well as autonomous and connectivity features. This transition necessitates the adoption of cutting-edge equipment and processes. For local vendors, this presents an avenue to be involved in the supply chain for these new technologies, potentially requiring them to upgrade their own infrastructure and expertise to meet the demands of NxGV production.
Skill and Capability Elevation

A core objective of the NxGV strategy is to enhance the skill sets and capabilities of the local vendor ecosystem. By participating in the development and production of next-generation vehicles, vendors will gain exposure to new manufacturing techniques and technological standards. This exposure is crucial for fostering innovation and ensuring that Malaysian automotive suppliers can compete effectively in a rapidly evolving global market.
Strategic Collaborations and Investment

Proton has articulated its commitment to continuing its work with local vendors, specifically promoting investments in new technologies. This will be achieved through strategic collaborations designed to infuse technical capabilities and expand commercial viability for these suppliers. Such partnerships can provide vendors with access to advanced knowledge, shared resources, and potentially new markets, thereby strengthening their overall competitiveness and operational capacity.

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How will local vendors benefit from the NxGV strategy?

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