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Proton showroom at the company's head office
Business

China's Geely acquires 49.9% of Malaysia's Proton

Chinese automaker gets beachhead in Southeast Asia, stake in Lotus

CK TAN, Nikkei staff writer | China

KUALA LUMPUR -- DRB-Hicom said Wednesday it will sell a 49.9% stake in Proton Holdings, its fully owned automaker, to China's Zhejiang Geely Holding Group. In the deal, Geely also gets Proton's 51% stake in Lotus, the British sports car maker.

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