KUALA LUMPUR, The Malaysian Investment Development Authority (MIDA), in partnership with Hyundai Motor Malaysia, has rolled out a five-day programme in South Korea to boost local vendor capabilities and support Malaysia’s shift towards a new energy automotive ecosystem.
Held from Oct 27 to 31, the initiative brought together 12 Malaysian vendors and 36 global Tier-1 Hyundai suppliers for business matching sessions, factory visits, and technology-sharing engagements aimed at enhancing collaboration and technical know-how.
Participants also toured Hyundai’s Asan Plant and Hyundai Motor Studio, gaining insights into the company’s advanced manufacturing and mobility innovations.
MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the collaboration aligns with the National Automotive Policy (NAP) and the New Industrial Master Plan (NIMP) 2030, reinforcing Malaysia’s ambition to become a regional automotive hub.
“This partnership with Hyundai enables Malaysian vendors to move up the value chain, strengthen local capabilities, attract quality investments, and accelerate the nation’s transition towards next-generation mobility,” he said.
The initiative also sets the stage for future joint ventures and technical collaborations to build a more resilient and innovation-driven supply chain.
Hyundai Motor Malaysia managing director Jahabarnisa Haja Mohideen said Hyundai is committed to Malaysia’s long-term growth and industrial transformation.
Four memoranda of understanding (MoUs) were also signed between Malaysian and Korean vendors to support Hyundai’s vehicle production in Malaysia through technical cooperation.
“These partnerships are key to improving product quality, efficiency, and competitiveness while strengthening Malaysia’s local automotive ecosystem and reducing import dependency,” the statement added.
