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

PUTRAJAYA, Malaysia (AP) — 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 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.

Article Topic Follows: AP-National

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