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May 2, 2023 · PETALING JAYA: Zhejiang Geely Holding Group Co Ltd’s (Geely) wholly-owned subsidiary, Geely International (Hong Kong) Ltd (GIHK) has completed the transfer of its entire equity interest in Proton Holdings Bhd.
Proton Car is the national car brand of Malaysia. The brand was established in the early 1980’s at the behest of the Malaysian government, and later reverted to semi-private ownership under DRB Hicom. Zhejiang Geely Holding Group purchased 49.9% of Proton Cars.
Jun 2, 2023 · The Proton stake has been transferred to Linkstate, a direct wholly-owned subsidiary of Geely Automobile Holdings Limited, a Hong Kong-listed company we’ll call Geely Auto. Just think of...
Sep 24, 2019 · Proton drafted a 10-year plan after Chinese auto giant Zhejiang Geely Holding Group bought a stake in it in 2017. Mr Li said the company's plan to raise sales to 400,000 units by 2027 remained...
Jun 15, 2021 · Geely formed a strategic partnership with PROTON in 2017 which gave Geely access to the Malaysian market and PROTON’s expertise in producing right-hand drive vehicles (it is reported that about 35% of the world’s population drive right-hand drive vehicles).
Aug 18, 2018 · KUALA LUMPUR (BERNAMA) - Proton Holdings and Zhejiang Geely Holding Group today signed a Heads of Agreement to set up a joint venture (JV) that will pave the way for Malaysian automaker...
Nov 9, 2021 · Geely reaffirms goal to make Proton No.1 in Malaysia and top three in ASEAN – to support with new models. Posted in Cars, Geely, Local News, Proton / By Matthew H Tong / November 9 2021 10:55...
Nov 8, 2023 · Proton harnessed Geely’s electric vehicle (EV) technology, enabling Proton to make a more substantial foray into the burgeoning EV market with the Proton X90, aligning perfectly with the global trend towards sustainable and eco-friendly mobility solutions.
5 days ago · The government is encouraging EV adoption to cut Malaysia’s reliance on subsidised petroleum-based fuels. EV sales are growing exponentially, rising nearly threefold in 2023 and accelerating. Once-dominant Proton has been making a comeback since being acquired by Geely, but is late to the EV game. KUALA LUMPUR, July 9 — Earlier this month ...
May 24, 2017 · KUALA LUMPUR -- DRB-Hicom said Wednesday it will sell a 49.9% stake in Proton Holdings, its fully owned automaker, to China's Zhejiang Geely Holding Group. In the deal, Geely also gets Proton's...
