The electronics manufacturing services (EMS) sector in Malaysia has seen mixed performance in 2024 despite being part of the broader tech upcycle, with rising costs, inflation, and supply chain disruptions offsetting growth from increased global demand and outsourcing trends. Key EMS Performances Winners : SKP Resources Bhd (+76% YTD) V.S. Industry Bhd (+47% YTD) NationGate Holdings Bhd (+51% YTD) P.I.E. Industrial Bhd (+29% YTD) Strugglers : ATA IMS Bhd (-8% YTD) JHM Consolidation Bhd (-36% YTD) Growth Drivers and Challenges Diversification Opportunities : The China+1 and Taiwan+1 strategies have positioned Malaysian EMS players to gain market share. However, reliance on major customers, such as Dyson, continues to be a concern. Cost Pressures : High inflation and production costs have affected profit margins. Company Highlights SKP Resources : Recorded a 27% y-o-y net profit increase , benefiting from a recovery in consumer demand. V.S. Indust...
European car sales remained flat in October, halting a two-month decline, while electric and hybrid vehicles continued to expand their market share, according to industry data released Thursday.
A 7.2% increase in Spain and a 6% rise in Germany offset declines in France, Italy, and Britain, the European Automobile Manufacturers Association (ACEA) reported.
Key Highlights
- New vehicle registrations in the EU, Britain, and EFTA rose by 0.1% year-on-year to 1.04 million.
- Sales of fully electric cars (BEVs) increased by 6.9%, marking their second consecutive monthly rise.
- Hybrid car sales (HEVs) grew significantly, climbing 15.8%.
- Electrified vehicles — BEVs, HEVs, and plug-in hybrids (PHEVs) — made up 55.4% of passenger car registrations in October, up from 51.3% in the previous year.
Brand Performance
- Registrations rose 12.6% at Volkswagen, while Stellantis fell 16.7% and Renault dropped 0.4%.
- Tesla sales plunged 23.1%, and China's SAIC Motor saw a 10% decrease.
Market Context
European automakers face challenges from weak demand, high production costs, and rising competition from Chinese manufacturers, alongside the shift to electric vehicles (EVs).
Insights and Trends
“As the year-end approaches, car manufacturers are offering discounts and deals to clear unsold stock, stabilizing registration figures but not signaling a market recovery,” said Felipe Munoz, Global Analyst at JATO Dynamics.
Policy Impact
To counter rising competition, the EU approved increased tariffs of up to 45.3% on Chinese-built EVs at the end of October.
Despite the flat market overall, the transition to electrified vehicles signals a major shift in consumer preferences as Europe advances toward its green mobility goals.
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