MALAYSIA: FIRST MODEL UNDER PROTON-CHINA GEELY TIE-UP TO ROLL END OF 2018

SERDANG� The first Proton car following the national car maker’s tie-up with China’s Geely will enter the market by end-2018 or early 2019, International Trade and Industry Malaysia Minister, Ong Ka Chuan said.

He said currently, Proton and Geely are concentrating on the establishment of a plant in Tanjung Malim, Perak state , which is set to be the principal and pioneer automotive factory in the country to implement the new manufacturing technology under the Fourth Industrial Revolution (Industry 4.0)

Geely will facilitate Proton in terms of technology and at the same time assemble its four-wheel drive model, intelligent artificial car and develop their right hand drive (RHD) technology in Malaysia, he said after an Engagement Session at Universiti Putra Malaysia here.

Elaborating further, Ong said the introduction of the new model could take less than five years, the time frame for the completion of the plant in Tanjung Malim town.

Under the agreement between Proton Holdings Bhd’s parent, DRB-Hicom Bhd and Chinese car maker Zhejiang Geely Holding Group, Proton is granted the licence to manufacture, sell, market and distribute identified Geely platform vehicles under the Proton brand name in Malaysia for a period of five years.

This will also open the doors for Geely to enter the Southeast Asia market (SEA).

The agreement is a win-win situation for both companies as Proton gains the right to manufacture and distribute Geely’s Boyue sport utility vehicle (SUV), which would drive Proton’s sales volume particularly in the SUV segment in which it does not have a presence.

Proton-Geely aims to produce 280,000 cars for the China-SEA markets.

Source: NAM NEWS NETWORK