Key Proton Vendors Sign Collaboration Agreements With Overseas Counterparts

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Key Proton Vendors Sign Collaboration Agreements With Overseas Counterparts

Right after signing a MoU with MAI as well as a performance pledge, key vendors that supply parts and components to Proton signed a collaboration agreement with their overseas counterparts.

The first batch of agreements to be signed, ranging in scope from joint ventures to technical assistance, will bring in an initial investment of RM 170 million to Malaysia, and is expected to increase in tandem with Proton’s manufacturing volume.

This formal agreement is also the first step in establishing a supplier base capable of meeting the technology and quality standards required to manufacture the next generation of Proton cars to be jointly developed with Geely.

“Proton would like to urge its vendors to grab this opportunity to build partnerships with their overseas counterparts in order to reach a world standard for technology advancement and quality. This will enable them to compete internationally and lead to the development of a Malaysian automotive industry vendor community that is able to compete on a global scale,” said Dato’ Seri Syed Faisal Albar, Chairman of Proton.

Among the top tier Malaysian vendors include Delloyd, Hicom Teck See, and Proreka.

“The participation of Malaysian vendors is a key component to achieving the long-term goals of the company. We want Proton products that are built right here in Tanjung Malim, using parts made in Malaysia for the domestic market as well as for our export models and be able to stand comparison with competitors from around the world. This is a commitment Proton, as Malaysia’s iconic automotive brand, is making to ensure the Malaysian automotive industry continues to develop world-class competencies,” he added.

The Proton X70 will be the first model to benefit from this new vendor collaboration and is scheduled for local assembly at the Tanjung Malim plant in 2019. One of the key highlights of the new Proton X70 is the infotainment system that features natural language voice commands.

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