China's Geely Deepens Commitment To Southeast Asia With New Collaborative Agreements
Portfolio Pulse from Shivani Kumaresan
China's Geely Holding Group has entered into a Master Collaboration Agreement with DRB-HICOM Berhad to develop Malaysia's Automotive Hi-Tech Valley. The project aims to emphasize the manufacturing of automobiles and the creation of high-tech components for new energy vehicles. DRB is the majority shareholder of Malaysian car maker Proton, in which Geely also has a 49.9% stake.
October 11, 2023 | 10:32 am
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Geely's partnership with DRB-HICOM Berhad to develop Malaysia's Automotive Hi-Tech Valley could potentially boost its position in the global car industry.
Geely's collaboration with DRB-HICOM Berhad to develop Malaysia's Automotive Hi-Tech Valley could potentially enhance its global presence in the car industry. This could lead to increased sales and revenue, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Geely's partnership with DRB-HICOM Berhad to develop Malaysia's Automotive Hi-Tech Valley could potentially boost its position in the global car industry.
Geely's collaboration with DRB-HICOM Berhad to develop Malaysia's Automotive Hi-Tech Valley could potentially enhance its global presence in the car industry. This could lead to increased sales and revenue, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100