Bermaz bags Xpeng distributorship in Malaysia - premium EV brand likely to kick off local range with G6
Home News Auto News Minister – Proton Strategic Partner By May; More Than One Bidder In The Picture Minister – Proton Strategic Partner By May; More Than One Bidder In The Picture Auto News Kon | August 30, 2021 11:37 am Proton’s strategic partner is expected to be announced by May, The Star reported Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan as saying. The minister’s statement comes not long after Chinese carmaker Geely Automobile Holdings confirmed its decision to withdraw from bidding to the South China Morning Post. Ong nevertheless revealed that “There are already a few other bidders at the moment, Geely is not the only one.” Related Articles Geely Back In Talks With Proton? Auto News April 11, 2017 Geely Withdraws Proton Partnership Bid; Road Clear For PSA Group? Auto News March 23, 2017 Can You Imagine if Stellantis Owned Proton Instead... Insights August 24, 2020 Identities of the other bidders have not been revealed, although the PSA Group has officially confirmed that it is in the bidding process. Playing up the benefits of having Proton teaming up with a foreign partner, Ong said, “Consolidating Proton with a strategic partner from the international market would, no doubt, help build up the automobile industry.” Elaborating on how the foreign partner would increase utilization of Proton’s Tg Malim plant, he continued, “This would in turn, benefit Perak’s business ecosystem, as local vendors supplying automobile services and spare parts would receive a much-needed boost.” Interestingly, it was Ong himself who was earlier quoted by Bernama as dismissing the notion of Proton conceding a controlling stake to a foreign company. "The government is not relinquishing the country's proprietary rights. We are looking at the opportunities to help Proton grow more efficiently, so that it would be at par with other big brands in the global car industry," Ong said at the time. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Geely Ong Ka Chuan Proton PSA Print Related News Geely Back In Talks With Proton? Auto News Eric | April 11, 2017 Proton's search for a foreign strategic partner has taken an interesting turn, as a report from The Edge mentioned that Geely is now back in ... Geely Withdraws Proton Partnership Bid; Road Clear For PSA Group? Auto News Kon | March 23, 2017 China’s Geely Automobile Holdings has withdrawn its bid for a 51% controlling stake in national automaker Proton, according to Geely president An ... Can You Imagine if Stellantis Owned Proton Instead... Insights Adam Aubrey | August 24, 2020 Could Proton have survived on its own or be where they are now if they were owned by PSA and not instead by DRB Hicom-Geely?Three years ago, around ... From Fridge-maker To Car-maker In Just 12 Years, What's Pushing Geely? Auto News Hans | August 09, 2018 Ever since reports of Geely’s impending acquisition of Proton’s Tanjung Malim plant hit the news, this little known Chinese brand is now often ... Comments
Minister – Proton Strategic Partner By May; More Than One Bidder In The Picture Auto News Kon | August 30, 2021 11:37 am Proton’s strategic partner is expected to be announced by May, The Star reported Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan as saying. The minister’s statement comes not long after Chinese carmaker Geely Automobile Holdings confirmed its decision to withdraw from bidding to the South China Morning Post. Ong nevertheless revealed that “There are already a few other bidders at the moment, Geely is not the only one.” Related Articles Geely Back In Talks With Proton? Auto News April 11, 2017 Geely Withdraws Proton Partnership Bid; Road Clear For PSA Group? Auto News March 23, 2017 Can You Imagine if Stellantis Owned Proton Instead... Insights August 24, 2020 Identities of the other bidders have not been revealed, although the PSA Group has officially confirmed that it is in the bidding process. Playing up the benefits of having Proton teaming up with a foreign partner, Ong said, “Consolidating Proton with a strategic partner from the international market would, no doubt, help build up the automobile industry.” Elaborating on how the foreign partner would increase utilization of Proton’s Tg Malim plant, he continued, “This would in turn, benefit Perak’s business ecosystem, as local vendors supplying automobile services and spare parts would receive a much-needed boost.” Interestingly, it was Ong himself who was earlier quoted by Bernama as dismissing the notion of Proton conceding a controlling stake to a foreign company. "The government is not relinquishing the country's proprietary rights. We are looking at the opportunities to help Proton grow more efficiently, so that it would be at par with other big brands in the global car industry," Ong said at the time. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Geely Ong Ka Chuan Proton PSA
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
Geely Back In Talks With Proton? Auto News Eric | April 11, 2017 Proton's search for a foreign strategic partner has taken an interesting turn, as a report from The Edge mentioned that Geely is now back in ...
Geely Withdraws Proton Partnership Bid; Road Clear For PSA Group? Auto News Kon | March 23, 2017 China’s Geely Automobile Holdings has withdrawn its bid for a 51% controlling stake in national automaker Proton, according to Geely president An ...
Can You Imagine if Stellantis Owned Proton Instead... Insights Adam Aubrey | August 24, 2020 Could Proton have survived on its own or be where they are now if they were owned by PSA and not instead by DRB Hicom-Geely?Three years ago, around ...
From Fridge-maker To Car-maker In Just 12 Years, What's Pushing Geely? Auto News Hans | August 09, 2018 Ever since reports of Geely’s impending acquisition of Proton’s Tanjung Malim plant hit the news, this little known Chinese brand is now often ...