Geely to increase investment, strengthen Malaysia as a vehicle manufacturing hub - PM


KUALA LUMPUR: Zhejiang Geely Holding Group Co., Ltd. (Geely) plans to increase its investment in the country, including strengthening Malaysia as a vehicle manufacturing hub for export purposes, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar, who received a courtesy visit from Geely chairman Li Shufu today, said the meeting is proof that Geely is following through with its committed investment of RM32 billion as announced during his official visit to China in March this year.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Geely , Anwar Ibrahim , investment , automotive

Next In Business News

Danantara raises US$1.5bil in global bond offering debut
Ringgit extends gains, closes higher vs US$
TMK Chemical proposes to acquire CCM for RM920mil from Batu Kawan
Lotte Chemical Titan's Indonesian subsidiary accepts RM1.2bil from Lotte Chemical Corp
EquitiesTracker aims to raise RM7.81mil via private placement
Sum Tech's unit inks RM20.46mil clean room contract
MAG president and group CEO Capt Nasaruddin appointed to IATA governing board for 3-year term
Scanwolf bags RM21mil contract for factory construction works in Klang
Reach Ten secures strategic investment in SpaceX
Bursa Malaysia issues UMA query to Paragon Union after share price falls

Others Also Read