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EV sales to pick up in ASEAN: Malaysia research house

KUALA LUMPUR, Aug. 2 (Xinhua) — Favorable regulations, local brands and penetration of Chinese carmakers will drive electric vehicle (EV) sales higher in ASEAN countries including Malaysia, according to a research house.

Maybank Investment Bank said in a note on Thursday that it sees ASEAN companies that are partnering with Chinese car makers for manufacturing and sales and battery value chain companies to bene