Geely, Proton to set up joint venture for expanding global market

Source: Xinhua| 2018-08-19 02:06:48|Editor: yan
Video PlayerClose

HANGZHOU, Aug. 18 (Xinhua) -- Zhejiang Geely Holding Group and Malaysian car manufacturer Proton on Saturday agreed to establish a joint venture to deepen their cooperation in new energy vehicles and promote Proton cars in global market.

Geely and Proton will each hold a 50 percent stake in the joint venture. The new company will have a comprehensive system for motor vehicle developing, purchasing and producing.

Detail of the agreement, such as market development plan, car models and plant location, still needs further negotiations.

While Geely is willing to help Proton with innovation and market expansion, it is also expecting to tap the Southeast Asian market through this cooperation, according to Yang Xueliang, spokesperson for Geely.

Last year, Geely acquired 49.9 percent of Proton from Malaysia's leading conglomerate DRB-HICOM that owns 100 percent of Proton.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105521374006741
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲四色在线影院 | 亚洲欧美另类国产制服 | 日本精品免费在线视频 | 精品一区视频官网 | 日韩精品系列在线 | 欧美激情精品久久久久久多 |