SHAH ALAM: Legenda Beringin Holding Sdn Bhd and Chery Corporate Malaysia Sdn Bhd have signed an agreement to develop the Chery Smart Auto Industrial Park at Beringin High Tech Auto (Beringin HTA) Valley, Hulu Selangor.
Selangor Mentri Besar Datuk Seri Amirudin Shari said the industrial park, targeted for completion in 2026, anchors the first phase of development of the 324ha Beringin HTA Valley ecosystem, bringing world-class automotive manufacturing and cutting-edge technologies to Hulu Selangor.
He said the Chery Smart Auto Industrial Park would be developed with an investment of RM2.2bil over five years.
It is among the crucial investments to advance the industrial ecosystem and to strengthen Selangor's competitiveness, and to position the state as a major regional investment hub.
"The progress we celebrate today is a testament to what can be achieved through strong partnerships and relationships. The investment by Chery Malaysia in Hulu Selangor and the development by Legenda Beringin highlight this.
"I commend Invest Selangor initiatives in driving foreign investments, and working with Legenda Beringin and Chery Malaysia to bring the Beringin HTA Valley and Chery Smart Auto Industrial Park to fruition," he said.
Amirudin's speech was read by state investment, trade, and mobility committee chairman Ng Sze Han at Chery Smart Auto Industrial Park's signing and groundbreaking ceremony at Setia Alam Convention Centre here on Sunday (Feb 23).
Raja Muda Selangor Tengku Amir Shah graced the event.
Legenda Beringin chairman Chia Song Kooi and Chery International president Zhang Guibing were signatories to the agreement witnessed by Tengku Amir Shah and Chery Automobile Co Ltd chairman Yin Tongyue.
Meanwhile, Zhang said the 81ha Chery Smart Auto Industrial Park is projected to have an initial production capacity of 100,000 vehicles per annum, scalable to 300,000 vehicles per annum from internal combustion engine (ICE) models to the latest plug-in hybrid (PHEV), battery electric (BEV) and energy-efficient vehicle (EEV) technologies.
"We are confident that once completed it will create high-value job opportunities, house a cutting-edge R&D centre, expand vehicle exports to neighbouring countries, strengthen Selangor's role through a robust supply chain, and solidify Malaysia's position as a leading automotive hub in Asean," he said. – Bernama