Locally-assembled iCAUR V23 and JAECOO J5 EV prices announced

Chery made a commitment to localise production of its models and has been doing so right from the time it entered the market 3 years ago (its earlier presence was through a local company), all the models it has introduced have been assembled in Malaysia.

It is using the Inokom plant for contract assembly of Chery models, and its own plant in Shah Alam, Selangor which assembles models of the JAECOO and iCAUR brands which are also in the Chery Group. Its locally-assembled models include EVs so Chery has contributed to bringing the technology to Malaysia.

iCAUR V23
The latest to be added to the list of locally-assembled models is the iCAUR V23, which joins the 03 that started rolling off the assembly line in May 2026. iCAUR Malaysia says specifications and quality are unchanged and the original price point of RM132,780.

Local assembly means that the price of the EV can be below RM200,000. The condition that you may have read about where MITI will no longer allow EVs to be sold at less than RM200,000 only applies to those that are imported in CBU (completely built-up) form. It’s a way of ‘persuading’ automakers to assemble their EVs locally.

JAECOO J5 EV
Meanwhile, OMODA | JAECOO Malaysia has also announced the estimated price of its next model, the J5 EV, which will be RM125,000. Assembly is underway and those who want to be the first to own one can make a booking at authorised dealers.

Over 32,000 OMODA and JAECOO vehicles have been delivered in Malaysia after just two years in the market. This year, more than 8,100 units have been delivered and the brand has moved to overall fifth position in the market.

Construction of new Chery factory in Lembah Beringin completed