Geely supposedly cancels Thailand EV production plans to switch its focus to Malaysia – report
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Whether the reported investment plans in Thailand as well as that suggested by the Headlight report has anything more than a palpability to it is uncertain, but what we do know is that Geely is set to invest USD10 billion (RM45.6 billion) to turn Tanjung Malim in Perak into the region’s largest auto city, as revealed by prime minister Datuk Seri Anwar Ibrahim last month.
While this investment is expected to centre around the development of Proton-related models, it doesn’t discount the possibility of Proton providing contract assembly for the wider Geely group in the future, as it has excess capacity at its car and engine plants in Tanjung Malim.
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