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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

S&P Global Asean PMI retreats to 51.5 in May
Asian shares extend global rally, oil rises after Saudi cuts
China's services activity picks up in May on improved demand- Caixin PMI
Philippines AirAsia looking to revive IPO plans
Oil jumps 2% on Saudi plan to deepen output cuts from July
Singapore's Sembcorp begins process for potential waste management arm sale
Get prepared for more China investments
Vietnam’s manufacturing sector faces declining path
Private equity firms show keen interest
Opec+ begins meetings which may agree to further output cuts

Others Also Read