China firms propose RM41bil for Malaysia’s third national car project


TWO companies from China have proposed to invest US$10bil (RM41bil) in Malaysia’s third national car project and build a regional automobile hub to cater for the region in southern Perak, according to official sources.

Separately, Zhejiang Geely Holding Group has shown interest to participate in the national car project by upgrading its facilities in Malaysia.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , China

   

Next In Business News

Producer price index hits new record in October 2021 after surging 13.2% Premium
Md Alwi appointed MDEC chairman Premium
Bintai Kinden signs MoU for RM700mil GDV development near KLIA Premium
Awanbiru inks RM79.89mil deal for supply of Google workspace solutions Premium
Petronas awards feed contracts for Sabah's nearshore LNG project Premium
Cagamas concludes pricing of RM4bil worth of bonds, sukuk Premium
Malaysia's November manufacturing PMI rises to 52.3 Premium
Asian factories shake off supply headaches but Omicron presents new risks Premium
Dialog's share price rises, backed by resilient operations Premium
Oil rises 1% ahead of Opec meeting under Omicron cloud Premium

Others Also Read


Vouchers