Malaysia’s Prime Minister Anwar Ibrahim attends the launch event for Perodua’s first electric vehicle, the QV-E. (Photo: Anwars' X)
Malaysia’s automotive giant Perodua has formally entered the electric-vehicle market with the launch of its first fully electric model, the QV-E, on Dec. 1. The company is also introducing a battery-leasing scheme under a Battery-as-a-Service model to lower upfront purchase costs, ease consumer concerns over battery degradation and resale value, and centralize the handling of end-of-life battery recycling.
Milestone for Malaysia’s domestic EV manufacturing
The QV-E took two years to develop, backed by an investment of 800 million ringgit (about 193.7 million USD). The model is powered by a lithium iron phosphate battery supplied by China’s CATL and assembled at Perodua’s newly completed Smart Mobility Plant. Under the New European Driving Cycle (NEDC) standard, the vehicle offers a driving range of up to 445 kilometers.
