Business · Malaysia Bureau
KLK TechPark attracts fresh investor interest following BYD's withdrawal
The Perak Menteri Besar has indicated that multiple investors are now considering projects at KLK TechPark in Tanjong Malim, after Chinese electric vehicle manufacturer BYD abandoned its plans for a vehicle assembly facility at the site.
LSN Malaysia ·
The departure of BYD Malaysia from the Tanjong Malim industrial park has opened the door for new business opportunities, according to the Perak state leadership. BYD had previously announced it would not proceed with establishing a completely knocked-down vehicle assembly plant at KLK TechPark, citing business considerations.
The pullback by the EV manufacturer has not dampened investor confidence in the facility, which remains strategically positioned to attract manufacturing and industrial operations. The Menteri Besar's remarks suggest that the state government is actively engaging with prospective investors interested in utilizing the available space and infrastructure.
KLK TechPark, located in the Tanjong Malim area of Perak, serves as a hub for industrial development in the state. The facility's infrastructure and location have made it an attractive destination for companies seeking manufacturing bases in Malaysia's central region.
No details have been provided regarding the identity of the new investors or the nature of their proposed operations at the park. The state government is expected to provide further updates as discussions with interested parties progress.