Several automotive companies have shown interest in KLK TechPark in Tanjong Malim after BYD dropped plans for its own vehicle assembly plant there, according to the Perak government.
Mentri Besar Datuk Seri Saarani Mohamad said the park operator was in talks with prospective investors from several sectors.
No replacement investor has been named, while Perak has not disclosed how many companies are involved, their proposed investment values or any decision timeline.
The gap is significant. KLK Land had positioned BYD as the anchor tenant for Phase 1, allocating about 60 ha to the Chinese EV maker.
KLK TechPark spans about 607 ha, carries a projected gross development value of RM3.5 billion over 10 years, and includes a planned 200-acre vendor park for automotive and manufacturing suppliers.
BYD Malaysia confirmed on Sept 10 that the Tanjong Malim plant would not proceed, but said it remained committed to local assembly through a different arrangement with an established Malaysian partner.
The original project was intended to support Perak’s wider Automotive High-Tech Valley ecosystem, with KLK expecting the anchor investment to attract component suppliers and other automotive businesses to Tanjong Malim.
