The Ministry of Investment, Trade and Industry (MITI) has denied claims that BYD can only sell 20% of its locally assembled vehicles in Malaysia at a price above RM200,000. MITI clarified that the actual condition is 10,000‑unit domestic cap per year and a minimum on‑the‑road (OTR) price of RM100,000 for CKD units.
MITI said the domestic volume cap represents 20% of BYD’s projected production capacity, with the remaining 80% intended for export markets as part of a pro‑export, trade‑balancing framework.
BusinessToday contacted BYD for feedback on MITI’s statement, but their representative said it had no further comment at this time and mentioned that BYD will not be releasing any statement.
MITI has issued a detailed press statement today, following claims and speculation on social media over the conditions tied to BYD’s manufacturing license and other automotive policies.
