ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business

Geely vows to safeguard Proton as Malaysia's 'national car'

With a 49.9% stake, the Chinese automaker secures production base in Southeast Asia

CK TAN, Nikkei staff writer | China

KUALA LUMPUR -- Zhejiang Geely Holding Group is buying nearly half of DRB-Hicom's stake in Proton Holding, Malaysia national automaker, beating out two other bidders to secure a foothold in Southeast Asia.

The deal also reflects the growing political warmth between China and Malaysia, as Beijing seeks to expand its regional influence through trade and military ties.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more