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German luxury car manufacturer Porsche AG will set up an assembling facility in Malaysia in partnership with Inokom Corporation, as per local media reports. Inokom Corporation is a subsidiary of Sime Darby Motors, which is Sime Darby’s automotive unit.


Inokom is expected to build the new plant for Porsche in Kedah in the north of Peninsular Malaysia. The plant will be Porsche’s first unit outside Germany.


According to the reports, Porsche is making Malaysia its hub in Southeast Asia. The Ministry of Finance has already approved the incentives for the investment. The details of the investment and plant capacity are yet to be released.


Since 2015, about 17 car manufacturers, including Toyota, Mazda, Mercedes-Benz, and BMW,  have all built auto components or full vehicles in Malaysia, produced majorly for domestic markets.

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