Core Insights - The groundbreaking ceremony for the Nilai Smart City project, undertaken by Shandong Hi-Speed Group, marks the official commencement of the project, which is the largest single contract in Southeast Asia for the company [1] Project Overview - The project spans approximately 6,233 acres and plans to invest $7 billion (approximately 50.1 billion RMB) over the next decade, including the construction of a manufacturing center for 100,000 electric vehicles and components, a high-tech smart manufacturing center, a medical city, and commercial facilities, aiming to create over 50,000 jobs [3][4] - The project will be executed in seven phases, with the first phase contract valued at $1.6 billion (approximately 11.45 billion RMB) [3] Strategic Location - Nilai's strategic location as a transportation and administrative hub, near Kuala Lumpur International Airport and major highways, is a key factor for the project's establishment [3] - The project aligns with the "Malaysia Vision Valley," and the anticipated completion of the Nilai-Labu-Seremban highway by July 2026 is expected to provide new development opportunities [3] Local Impact - The automotive city within the first phase of the project is well-received locally, expected to attract international automotive brands and integrate local businesses into the regional automotive supply chain [4] - The project is anticipated to significantly enhance investment attractiveness in Negeri Sembilan, positively impacting the local economy and community welfare [4] Company Strategy - Shandong Hi-Speed Group's chairman emphasized that the project represents a deepening of the company's "going out" strategy and lays a solid foundation for further expansion in the Southeast Asian market [4]
年产10万台新能源车及零部件,山东高速承建马来西亚尼莱智慧城市建设项目开工