BYD was not singled out, as the same condition applies to all new CKD entrants, he said in a statement yesterday. Explaining the ministry’s condition that BYD exports 80% of its plant production, Johari said the limitation in domestic sales of up to 10,000 units per year corres­ponds to 20% of BYD’s total projected production capacity. Johari also refuted claims that the ministry had compelled BYD to limit the sale of its vehicles to 20% locally, and at prices above RM200,000. The condition imposed is a minimum on-the-road (OTR) price of RM100,000 for BYD’s CKD vehicles sold domestically. “In 2025, BYD and Chery Auto­mobile Co Ltd were granted an interim manufacturing licence on Sept 29 and June 26, respectively.

Source: The Star April 01, 2026 18:56 UTC