Focus on automotive: Proton
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06/15/2019DRB-Hicom, the majority owner of Malaysia's first national carmaker Proton Holdings, is joining forces with local company Altel Communications and China's Ecarx (Hubei) Technology to provide connected car services in Malaysia. Through its Proton Edar subsidiary, DRB-Hicom has agreed to establish a partnership dedicated to the development and sale... -
04/30/2019Malaysian carmaker Proton Holdings, partly owned by Chinese automaker Zhejiang Geely Holding Group, obtained a loan of 1.88 billion Malaysian ringgit ($445 million) from a state-owned Chinese bank. The lending agreement was signed between Proton and China Construction Bank last week in Beijing and will be used by Proton to finance expansion... -
04/10/2019Zhejiang Geely Holding Group kicked off construction on a 9 billion yuan ($1.3 billion) assembly plant for high-end vehicles, including the Lotus British sports car, in Wuhan, the capital of central China’s Hubei province. Lotus cars are built in Norfolk, England. The Wuhan factory will be Lotus’ first production site outside the United Kingdom....