DRB-Hicom to explore collaborations on Tanjong Malim automotive hub

KUALA LUMPUR: DRB-Hicom Bhd has inked memorandums of understanding with Zhejiang Geely Holding Group Ltd and the state government of Perak for developing and promoting an automotive hi-tech valley (AHTV) in Tanjong Malim, Perak.

It said in separate bourse filings that it it was exploring partnerships with the two parties for the development of the AHTV, aimed to be a next-generation vehicle hub in Tanjong Malim covering extensive automotive and mobility solutions.