General Electric and NAZA are proud to host the '2012 GE-NAZA Electric Vehicle (EV) Experience,' an event that brings together key stakeholders and industry players to discuss issues concerning EV deployment in Malaysia. The event is an extension of GE's collaboration with the NAZA Group of Companies to create a platform that combines their expertise to support the development of EVs in the country across the spectrum from infrastructure to technology applications; and is supported by the Malaysia Green Technology Corporation, a government agency under the Ministry of Energy, Green Technology and Water.
KUALA LUMPUR, MALAYSIA, 29 May 2012 -- General Electric (GE) and NAZA Group of Companies hosted the 'GE-NAZA Electric Vehicle Experience today, bringing together key stakeholders and industry players in the electric vehicle (EV) space to discuss EV deployment in Malaysia. The event, part of GE's collaboration with the NAZA Group of Companies (NAZA), was officially launched by Yang Berhormat Dato' Sri Peter Chin Fah Kui, Minister of Energy, Green Tech and Water.
Supported by the Malaysian Green Technology Corporation (MGTC), a Government agency under the Ministry of Energy, Green Technology and Water, the event saw public and private sector collaboration to promote clean and energy efficient transportation for the country, in line with the National Policy on Green Technology. A plenary panel discussion was also conducted during the 'GE-NAZA EV Experience' by industry experts like Datuk Maruan, Chief Operating Officer, NAZA Quest Sdn Bhd, Mohamad Madani Sahari, CEO of Malaysia Automotive Institute and Azli Mohamed, Director of Growth Initiatives - Malaysia, GE ASEAN, among others. The topic, "Building an EV ecosystem" focused on EV technology applications, infrastructure requirements as well as incentives, regulations, policies and strategies needed to accelerate the growth of EVs in Malaysia.
The event was also held as part of the 2012 GE Innovation Day in Kuala Lumpur to showcase GE's innovative solutions co-created with local industry partners. The event underscores GE's commitment to working in partnership with local firms to provide innovative solutions to address challenges faced in Malaysia across a myriad of industries.
Stuart Dean, Chief Executive Officer of GE ASEAN said, "We have made great strides in our Ecomagination strategy over the last seven years worldwide with revenue from clean energy exceeding USD21billion. This growth is twice as fast as the Company average. In Malaysia, we have a long term commitment to support government efforts in green technology."
"Our collaboration with NAZA in Malaysia to develop EVs, support Malaysia's national commitment of a 40% reduction of carbon emissions by 2020. Our investment of resources and innovative capabilities through co-creation opportunities across ASEAN will see us teaming up with some of the region's best infrastructure companies to build for the future and transform environments," he added.
On GE and NAZA's efforts within the EV space, Minister of Energy, Green Tech and Water Dato' Seri Peter Chin Fah Kui who officiated the EV launch said, "We are proud to support this commendable initiative by GE and NAZA, as a step towards creating awareness and promoting the growth of an industry that will help Malaysia shift away from fossil fuels so that we operate a cleaner transportation network. Advancing the adoption of electric vehicles as well as the development of related infrastructure is crucial to our agenda to accelerate the national economy."
Joint Group Executive Chairman of Naza Group, Datuk Wira Haji SM Faisal Tan Sri SM Nasimuddin commented on the partnership with GE, "The NAZA Group constantly seeks to collaborate with the World's best brands. Our relationship with GE is testament to that and we hope to set the standards for the EV market in Malaysia."
GE and NAZA's collaboration in the EV space began last year when a Memorandum of Understanding was signed between the two companies. The MOU provides a platform for both parties to endeavor to collaborate in joint-lobbying and education to raise public and government awareness, engage in further opportunities such as utilizing GE technologies in NAZA's electric vehicle manufacturing line, and running electric vehicle pilot tests in several cities across Malaysia.
GE's breakthrough technology touches every part of the EV infrastructure -- ranging from charging stations and software solutions, as well as circuit protection equipment and transformers. NAZA's role as a key player in the industry will go hand in hand with GE's offerings to optimize the EV experience. GE will continue its partnership with NAZA to explore the development and implementation of sustainable energy solutions for EVs, from ordering, installing, financing and tracking.
Dr. Nazily Mohd Noor, Chief Executive Officer of Malaysia Green Technology Corporation, who was a panelist at the plenary session said, ""While the Government plays a lead role in putting the necessary policies and incentives in place, there is a need for the support of private entities such as automakers, battery technology developers, engine manufacturers, and component suppliers to achieve our vision. We are pleased that we have the support of both GE and NAZA."
GE and MGTC signed a Memorandum of Understanding (MOU) in September last year to collaborate on public awareness campaigns to promote green technology and sustainability initiatives through sharing of best practices and green technology development through Ecomagination. .
Guests and customers at the GE-NAZA EV Experience were given the opportunity to test drive the Chevrolet Volt, a full--performance and full--speed electric vehicle.
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About General Electric (GE) (www.ge.com)
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
About GE ecomagination
GE is driving a global energy transformation with a focus on innovation and R&D investment to accelerate the development and deployment of clean energy technology. Since its inception in 2005, more than 90 ecomagination-approved products have been brought to market with revenues reaching $18 billion in 2009. With $5 billion invested in R&D its first five years, GE committed to doubling its ecomagination investment and collaborate with partners to accelerate a new era of energy innovation. The company will invest $10 billion in R&D over five years and double operational energy efficiency while reducing greenhouse gas emissions and water consumption. As part of the initiative, GE launched "GE ecomagination Challenge: Powering the Grid", a $200 million financial commitment challenging innovators to join in building the next-generation power grid. For more information, visit the ecomagination website at http://www.ecomagination.com.
About NAZA Group of Companies
NAZA Group of Companies began its humble beginnings from a used and reconditioned car trader under NAZA Motor Trading in 1975 founded by the late Tan Sri SM Nasimuddin SM Amin.
The Group has evolved into a diversified conglomerate venturing in "Multiple Automotive Sectors" such as retailing, importing, distribution and dealership for international marquees such as Ferrari, Maserati, Mercedes-Benz, Brabus, Chevrolet, Mazda and Perodua to reputable motorcycle brands such as Harley Davidson, Ducati, Aprilia, Vespa, Piaggio, Gilera and other superbikes, the assembly and manufacturing of NAZA's own bikes for the local and regional markets, and the establishment of NAZA Auto Mall being Malaysia's premier 'one-stop-centre' lifestyle automotive mall displaying a variety of cars' and motorbikes' selection as the 'Largest Motor Showroom' in Malaysia. Its Ferrari and Maserati showroom was also recognized as the 'Largest Supercar Showroom' in Malaysia, an award certified by the Malaysia Book of Records.
Latching on the success of its automobile businesses, it has since expanded into a variety of prominent "non-automotive sectors" which includes property management, finance, insurance, manufacturing, limousine, transportation, logistics, merchandise management, agriculture and plantations. Today, a part of NAZA Group is headed by Datuk Wira SM Faisal Tan Sri SM Nasimuddin, the Group's Joint Executive Chairman.
For more information, please contact:
Zatalini Zulkiply
Communications Manager
GE Malaysia
+603 2267 1892
[email protected]
Zatalini - Zulkiply
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