Proton signs pact with China’s Hawtai

  • Business
  • Saturday, 22 Oct 2011

KUALA LUMPUR: Proton Holdings Bhd via its unit Proton Marketing Sdn Bhd has signed an MoU with China's Hawtai Motor Group to enable Proton to further expand its presence in China.

Proton said in a statement that under the MoU, Proton and Hwatai would evaluate the possibility of establishing a joint-venture (JV) company to invest in product development and vendor sourcing. It would also look into joint designing and development cost sharing.

“The JV will also be responsible for vendor sourcing and component development work with local Chinese vendors,” it said.

  PROTON :  [Stock Watch]  [News]

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