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Early September 2025 saw Proton—49.9% owned by China’s Geely—launch its first EV assembly plant in Malaysia’s Perak Automotive High-Tech Valley, starting at 20k units yr⁻¹ and scalable to 45k. The e.MAS will roll off first, backed by Geely’s US$10 bn pledge, as PM Anwar urges deeper investment to hit the national target of 20% electrified-vehicle sales by 2030.

The MIIT list shows the Galaxy Xingyao 8 BEV offers 67.8/79.1 kWh packs for 600/690 km CLTC range, while the PHEV uses a 28.3 kWh battery giving 161 km electric range. The full-size sedan keeps Geely’s “Ripple” design, frameless doors and fastback profile, with “Xingyao 8 EV” badge; pricing is expected around 12–17k USD.

On Sept 2, Ford unveiled BlueOval Charge Network x Octopus Electroverse, launching in October for private and fleet customers across Europe. One app and one card grant access to more than one million public chargers across 1,200 networks, featuring transparent pricing and intelligent route planning via CarPlay/Android Auto. Private users receive a three-month IONITY Premium trial; business users get three months free access to the Octopus Fleet portal for driver-card allocation, network discounts and custom reporting, simplifying EV and fleet management.

CATL expects its revenue in 2024 to be between 356 billion and 366 billion yuan, representing a year - on - year decrease of 11.2% to 8.71%; net profit is expected to be about 49 billion to 53 billion yuan, a year - on - year increase of 11.1% to 20.1%. The company has announced a special dividend plan for 2024, with a cash dividend of 12.3 yuan per 10 shares, totaling 5.397 billion yuan. Co - chairman Pan Jian revealed at the Davos Forum that CATL announced the establishment of a joint power battery factory with Stellantis in Spain last December, and more joint factory projects in Europe are expected to be announced this year. At present, CATL has laid out three battery factories in Europe, located in Germany, Hungary and Spain respectively.

GIAMM warns that the local component sector has cut 3–50% of jobs since 2023 as wholesale car sales fell 8.6% and CBU EV imports jumped 50.7%. It urges the government to re-introduce luxury-tax holidays for vehicles with ≥60% local content to revive domestic parts demand.