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Geely and Proton extend strategic cooperation, to set up 50:50 JV in China

HANGZHOU – Geely Holding Group, which acquired Proton in June 2017, has agreed to terms with the Malaysian automaker to enable it to fully utilize core technology platforms developed by Geely Auto and to explore further synergies to enable the Malaysian brand to become the leader in its home market and to increase its global competitiveness.

One of the measures is the establishment of a 50:50 JV between Geely and Proton parent company DRB-HICOM in China expected to focus on the production and sales of NEVs.

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