Chinese carmaker Geely and Malaysia's Proton consider EV plant in Thailand, Thai prime minister says

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Thailand's prime minister says Malaysia’s national carmaker Proton and its Chinese partner Geely are considering setting up a plant in Thailand to produce electric vehicles. Srettha said after talks with Malaysian leader Anwar Ibrahim on Wednesday in Malaysia that the two sides would hold a meeting to identify the next step “and move forward quickly.” He didn’t provide further details. Geely holds a 49.9% stake in Proton, which is owned by local conglomerate DRB-Hicom Berhad. The Chinese carmake

Thai Prime Minister, Srettha Thavisin, shakes hands with Malaysia’s Prime Minister Anwar Ibrahim on the occasion of Thavisin’s official visit to Malaysia, in Jakarta, Wednesday, Oct. 11, 2023. Thai Prime Minister, Srettha Thavisin, left, meets with Malaysia’s Prime Minister Anwar Ibrahim on the occasion of Thavisin’s official visit to Malaysia, in Jakarta, Wednesday, Oct. 11, 2023.

He didn’t provide further details. Geely holds a 49.9% stake in Proton, which is owned by local conglomerate DRB-Hicom Berhad. The Chinese carmaker’s entry into Proton in 2017 has given it a foothold in Southeast Asia and helped restore the fortune of the once dominant Malaysian brand.

 

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