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Malaysian automaker Proton charges up alliance with China's Geely

Deal signed during Mahathir visit provides EV technology

Proton aims to establish a presence in China and other international markets.   © Reuters

SINGAPORE -- Malaysian automaker Proton Holdings and major Chinese shareholder Zhejiang Geely Holding Group upgraded their partnership Saturday with plans for a new car factory in China and cooperation on electric vehicles.

As visiting Malaysian Prime Minister Mahathir Mohamad looked on, the two car companies signed an expanded partnership agreement at Geely headquarters in Hangzhou, China. Geely and Proton will form a joint venture that will assemble cars in China for the Chinese market.

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