www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Motoring

Proton deal to help Geely rev up in SE Asia market

By LI FUSHENG | China Daily | Updated: 2017-05-25 07:06

Proton deal to help Geely rev up in SE Asia market

Models unveil the Lotus 410 sport automobile, produced by Group Lotus Plc, a luxury unit of Proton Holdings Bhd, during the 86th Geneva International Motor Show in Geneva, Switzerland, last year. BLOOMBERG VIA GETTY IMAGES

Zhejiang-based company to take 49.9% stake in Malaysian carmaker

Chinese automaker Zhejiang Geely Holding Group is to buy 49.9 percent of Malaysia's largest car manufacturer Proton, with a final agreement expected to be signed in July, a move that will speed up its inroads into the Southeast Asian market.

The forthcoming acquisition is part of a binding contract it signed with Proton's parent company DRB-Hicom, Geely said on Wednesday, although the value of the deal was not released.

The Chinese automaker, which will be Proton's only foreign partner, will also enjoy a 51 percent share of Lotus, a British sports carmaker owned by Proton.

Geely said the agreement laid the foundations for a wider framework for it to explore joint synergies in areas such as research and development, manufacturing and market presence.

Proton, founded in 1983 by Malaysian prime minister Mahathir Mohamad, was once one of Malaysia's flagship companies. However, it has been struggling with falling sales in recent years.

Proton sold around 72,000 cars in 2016, a 54 percent slump from its record high of 158,700 vehicles in 2011.

Last year, the carmaker received 1.5 billion ringgit ($338.2 million) in government aid on the condition that it pursued a turnaround plan and sought a foreign partner.

In addition to Geely, several other companies expressed interest, including French carmaker PSA Group, Japan's Suzuki Motor Corp and French carmaker Renault Group.

Li Donghui, executive vice-president of Geely, said: "With Proton and Lotus joining the Geely Group portfolio of brands, we strengthen our global footprint and develop a beachhead in Southeast Asia."

Li said Geely will help restore Proton to its former glory with its technology and management resources, and also aim to unleash the full potential of Lotus cars and bring it into a new phase of development.

Lotus has formed a joint venture with a Guangdong-based company to localize production of its cars in China, with the first model set to roll off the assembly line in 2019. But analysts said that Geely's main goal in the short term was to make inroads in Southeast Asia.

Yale Zhang, managing director of consulting firm Automotive Foresight, said acquisition is the best way for Geely to get a foothold in the region that has long been dominated by Japanese brands.

Proton's manufacturing facilities will also qualify the Chinese automaker to ship vehicles tax-free anywhere among the 10 members of the Association of Southeast Asian Nations, with a combined population of more than 600 million people.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 日本一级在线播放线观看免 | 日本在线观看不卡 | 国产aⅴ一区二区三区 | 大伊香蕉精品视频在线 | 亚洲成人偷拍 | 女人张开腿让男人添 | 一区二区三区日本视频 | 国产日产欧产精品精品推荐小说 | 免费一级毛片在播放视频 | 久操精品视频 | 亚洲国产精品一区二区九九 | 国产精品久久自在自线观看 | 精品精品国产欧美在线观看 | 日韩欧美视频一区二区三区 | www中文字幕在线观看 | 亚洲国产精品久久久天堂 | 欧美日韩在线播一区二区三区 | 欧美成人性色区 | 67194午夜| 91精品宅男在线观看 | 色老头老太做爰视频在线观看 | 国产精品色综合久久 | 中文字幕免费在线视频 | 日韩特级毛片免费观看视频 | 亚洲精品99久久久久久 | 孕妇孕交视频 | 精品国产91久久久久久久 | 国产高清亚洲精品26u | 日本肥老妇色xxxxx日本老妇 | avav在线看| 91资源在线| 亚洲免费毛片 | 国内精品伊人久久久影视 | 暖暖在线精品日本中文 | 欧美手机手机在线视频一区 | 亚洲成人在线免费视频 | 亚洲国产成人久久综合野外 | 久久www免费人成看国产片 | 免费看 s色 | 亚洲精品久久一区二区无卡 | 亚洲精品国产第一区二区多人 |