KUCHING: The incentives possibly included in the upcoming National Automotive Policy 2019 (NAP 2019) is expected to give benefit to the new national car project.
The research team at Affin Hwang Investment Bank Bhd (AffinHwang Capital) as quoted in Bernama noted that the third national car project would likely be a B+ segment sedan car (neither a C-segment sedan nor a flying car), powered either by an internal combustion engine or a hybrid powertrain.
It also pointed out that the design concept and development of the car will be engineered by DreamEdge, the Cyberjaya-based company leading the new national car project, while technology partner, Daihatsu is set to assist in the development of the powertrain and car platform.
Quoting AffinHwang Capital, Bernama said, the new national car project’s pricing is expected to be competitive, given that the high local content (circa 90 per cent) will benefit from incentives likely included in the upcoming National Automotive Policy 2019.
Featuring the latest technology (smart vehicle concept – car connectivity, smart vehicle system, Advanced Driver Assist System, etc), the research team said DreamEdge targets to sell at least 3,000 units per month of the car during its first year of sale.
The management reaffirmed that a working NNCP prototype is on track for release by mid-2020.