男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Motoring

Proton powers back to life after Geely stake acquisition

By Li Fusheng | China Daily | Updated: 2019-04-29 10:55
Share
Share - WeChat
The 2019 Proton X70 SUV is displayed during its official launching ceremony in Kuala Lumpur, Malaysia. [Photo/Agencies]

New models increased sales at Malaysian auto manufacturer

Proton, once a lackluster Malaysian auto brand, has shown signs of revival within two years of Chinese conglomerate Zhejiang Geely Holding Group's acquisition of a 49.9 percent stake from its parent company DRB-Hicom.

Its sales totaled 18,500 in the first quarter this year, up over 43.5 percent from the same period last year, with the X70, unveiled late last year, the best-selling SUV for three months in a row, CEO Li Chunrong said on Friday.

The X70, built based on Geely's popular Boyue SUV, was the first model the two co-developed since their partnership in late 2017.

Li said the model has refreshed the public image of Proton and boosted its market share to 12.7 percent in the first quarter, up 3.2 percentage points year-on-year.

Another two updated Proton models were launched earlier this month, helping to further boost the confidence of the carmaker and its 175 dealerships.

"Now at least 85 percent of our dealers are in profit," said Li.

Daniel Donghui Li, chief financial officer of Geely and a board member at Proton, said one reason that Proton chose Geely from three rounds of global bidding was that the Chinese carmaker had a unique vision for Proton's future development.

"We set a goal to help it to become the No 1 brand in Malaysia and a top three brand in the ASEAN region. The results so far are showing that we are on the right path," he said.

Proton is to get a loan of 3.1 billion yuan from China Construction Bank for research and development as well as improving manufacturing facilities. [Photo provided to China Daily]

By 2027 Proton will have annual sales of 400,000 to 500,000 vehicles, which will account for 8 to 10 percent of Geely's total sales, he added.

A number of models are planned for Proton, according to the company, ranging from compact SUVs to sedans, MPVs and crossovers, with Proton and Geely engineers deeply involved in development.

Besides introducing new models, Geely has been helping Proton to strengthen its management and improve its quality standards. Geely has introduced its suppliers into Malaysia to boost the quality of local supply chains.

So far more than 20 suppliers have a presence in Malaysia, most of which have established joint ventures or reached technological cooperation with local companies, according to Geely.

As Proton makes rapid progress in Malaysia, it is soon to build its first overseas assembly plant in Pakistan with local partner Al-Haj. The two exchanged licensing and technical agreement documents in Beijing on Friday.

The plant, located in Karachi, has an initial investment of $30 million with its first model produced to be the Saga. Proton said the plant's annual production capacity is expected to reach 25,000 vehicles in four years.

Pakistan is one of the most populous countries in Asia and has an automotive market of 2.5 million vehicles a year.

Also on Friday, Proton inked a deal with China Construction Bank for a 3.1 billion loan that is expected to further its research and development and improve its manufacturing facilities. "Expansion to more foreign markets is critical for sales growth while obtaining financing allows the company to invest in the many projects required to turn Proton into a truly global automotive brand," said Sri Syed Faisal, managing director of DRB-Hicom and chairman of Proton.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 安陆市| 漳浦县| 英德市| 梓潼县| 平潭县| 武陟县| 化州市| 青冈县| 霸州市| 花垣县| 伊宁县| 登封市| 柞水县| 太原市| 遂平县| 崇明县| 崇阳县| 贵德县| 界首市| 桓台县| 辉县市| 大冶市| 谷城县| 镇平县| 新化县| 怀宁县| 连云港市| 新干县| 齐齐哈尔市| 巴中市| 偃师市| 安义县| 张家界市| 卓资县| 化隆| 楚雄市| 叙永县| 福鼎市| 阿克陶县| 安龙县| 大余县|