NxGV, MaaS & IR 4.0 are three main new elements of NAP 2020 -- MITI

Three main new elements of the newly-launched National Automotive Policy (NAP) 2020 includes the development of Next Generation Vehicle (NxGV), Mobility as a Service (MaaS) and Industrial Revolution 4.0 (IR4.0)

Three main new elements of the newly-launched National Automotive Policy (NAP) 2020 includes the development of Next Generation Vehicle (NxGV), Mobility as a Service (MaaS) and Industrial Revolution 4.0 (IR4.0).

These new elements were revealed in the NAP 2020 booklet released by Ministry of International Trade and Industry, today.

“NxGV is classified as a vehicle that meets the definition of Energy Efficient Vehicles (EEV) classifications and is enhanced with Intelligent Mobility applications with the minimum of Level 3 Vehicle Automation i.e. Conditional Automation,” it said.

NxGV would also include development in the energy-efficient powertrains, advanced driving capabilities and connected vehicles, while MaaS is defined as transportation that is consumed as a service and development revolve in preparing for new ownership models.

Meanwhile, the IR4.0 includes smarter and leaner manufacturing, businesses that are future-proof and being competitive in global markets.

On major achievements of the industry derived by NAP from 2014 to 2018, it includes RM48.6 billion worth of gross domestic product contribution to the nation and 598,714 units of total industry volume (TIV).

“In 2018, both TIV and total production volume (TPV) have increased compared to 2017. Tax holiday between June and Sept 2018 contributed to increased sales,” it said adding that, the motorcycle industry has shown an increasing trend in TPV and TIV since 2016.

Other NAP achievements include RM10.05 billion of total investments, 564,971 units of TPV and 244, 941 employments in the automotive industry.

The booklet also said, about 244, 941 job opportunities from 2014 to 2018 in automotive manufacturing and aftersales were created which contributed to capacity development in Malaysia.

Complete built-up exports have shown growth in value in the last five years with an increase in premium model exports contributed to higher export value, totalling RM2.08 billion in 2018 compared to RM1.5 billion in 2014.

Other achievements also include RM58.7 billion local contents used, RM523.1 million worth of remanufactured automotive parts and components and RM12.1 billion components exported in 2018, compared to RM4.7 billion in 2014.

Source: Bernama

Posted on : 21 February 2020
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Last Updated : Thursday 21st May 2020