DRB-HICOM And Geely Sign Agreement On Development of Automotive Hi-Tech Valley (AHTV)

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A future automotive industry hub in ASEAN. theSun theSundaily auto gearup Proton Geely DRBHiCOM

Proton established a second factory in the Tg. Malim area of Perak with a plan to develop a ‘Proton City’. This was to be an automotive zone with suppliers nearby to provide parts and systems directly to the factory. Parts of that original plan were realised but not to the grand plan envisaged as a production hub.

Besides supporting Proton, the AHTV is expected to attract businesses which are involved in new technologies and systems relevant to the global automotive industry. These would include electrification, Artificial Intelligence, autonomous technologies and advanced connectivity. DRB-HICOM’s partner in Proton, Geely, is also keen to participate in this plan and the two companies have signed a Heads of Agreement to confirm the next phase of collaboration. The HOA was signed at the Malaysia-China Business Forum held in conjunction with Prime Minister Dato’ Sri Anwar Ibrahim’s official visit to China this week.

The focus of the HOA is the development of an integrated automotive city that will give birth to a hub for a New Energy Vehicle industry. This city will be in the AHTV which will occupy an area of approximately 1,000 acres, with the possibility of further expansion to cater for future needs.

 

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