Kuala Lumpur: WTC Automotif (M) Sdn Bhd (WTCA) and Guangzhou Automobile Group (GAC) have announced a CKD project to manufacture the new GAC Motor GS3 model and expand their nationwide presence.
The RM60 million investment will be used for model-specific investments and facility upgrades in Tan Chong’s Segambut facility to meet the new CKD model local assembly and GAC standards requirement.
This collaboration is a significant achievement for the Malaysian automotive industry as it is the first for GAC’s CKD project in ASEAN. GAC MOTOR and Tan Chong Group have committed to expanding their presence in the Malaysian market and supplying Malaysian consumers with cutting-edge vehicles.
Over the next five years, WTCA will introduce an attractive and comprehensive inventory of right-hand drive GAC MOTOR models, and all new Global GAC MOTOR models will be simultaneously developed for both right- and left-hand drives, the company said in a statement sent to Malaysia World News News (MWN).
WTC Automotif (M) Sdn Bhd (WTCA), a wholly-owned subsidiary of Warisan TC Holdings Bhd, announces its Completely Knocked Down (CKD) project with Guangzhou Automobile Group (GAC), signifying deepened partnership for both WTCA and GAC.
The CKD project, which WTCA will invest in excess of RM60 million, involves the manufacturing of the brand new GAC Motor GS3 model, as well as expanding its nationwide presence. The CKD project was announced approximately 18 months after WTCA and GAC International signed a distributorship agreement, appointing WTCA as the sole and exclusive distributor of GAC vehicles in Malaysia.
Part of this RM60 million investment will be used for model-specific investments such as tools, and facility upgrades in Tan Chong’s Segambut facility to meet the new CKD model local assembly and GAC standards requirement.
“We are confident that with our Tan Chong Group’s years of experience and our latest investment in our facility, we will meet GAC’s expectations. Our team has a strong collaboration with the GAC team to ensure that we are able to meet the GAC Quality Standards. GAC has set a very high standard in the automotive industry as they have dominated the Top 1 in China’s JD Power Initial Quality Survey for eight consecutive years.” said Tan Keng Meng, Chief Executive Officer of Warisan TC Holdings Bhd.
“GAC has always placed utmost priority on delivering superior quality cars. We are confident that with its wide experience in the automotive industry, WTCA can meet our high manufacturing quality standards. We will be expecting that with 3-5 years development, the production and sales will reach 50,000 units. In order to fulfil this target, GAC will continue to coordinate internal and external resources and increase support for the Malaysian market, accelerate the launch of key models, improve the model matrix, and provide more intelligent and higher-quality vehicle products for local consumers,” GAC Group Vice President and GAC International Chairman Yu Jun said.
The CKD project was announced approximately 18 months after WTCA and GAC International signed a distributorship agreement, appointing WTCA as the sole and exclusive distributor of GAC vehicles in Malaysia. – Malaysia World News
