The government has target the production of about 280,000 units of cars for the China and Southeast Asian markets from the strategic partnership between Zhejiang Geely Holdings Group and Proton Holdings Bhd (Proton).
Second minister of International Trade and Industry Datuk Seri Ong Ka Chuan said the automotive market in Malaysia was small, where last year sales of various brands recorded 580,000 units compared to China at 28 million units.
"At 28 million units, China wants to assist us in securing one per cent of this amount," he added.
He said to reach this target, Proton needs a strategic partner, as research as well as world class design is very important to compete on the international stage.
"Geely can provide the support from the aspect of outstanding research as we (Malaysia) need a big change. At present, all the automotive companies are racing to produce fully self-driven cars.
Source: Bernama
GMT 15:45 2017 Tuesday ,12 December
Finance minister heads to Paris to attend annual meeting of EUGMT 12:34 2017 Tuesday ,28 November
Investment minister inspects preparations for Africa 2017GMT 13:11 2017 Thursday ,23 November
Business team to head for Djibouti soon to probe logistic zoneGMT 08:44 2017 Monday ,06 November
Uber general manager discuss expanding company's activitiesGMT 14:36 2017 Thursday ,19 October
Nasr, EU Ambassador discuss boosting investmentsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor