There has been a lot of hype surrounding the Geely Boyue, which has been confirmed to be a new Proton model following the signing of a definitive agreement between both parties. Many have been clamoring for more details about the Proton SUV, including when it will be introduced, and more importantly, how much it will be priced.

According to second minister of international trade and industry Datuk Seri Ong Ka Chuan, the Boyue-based Proton SUV is estimated to arrive in Malaysia within two years, and with a price tag of under RM100,000.

In the report by China Press, Ong explained that the Malaysian government will soon liberalise its tax structure to encourage more foreign investment. This is to honour its promise to the WTO and ASEAN Free Trade Area to lower the excise duty on cars.

Ong therefore said the Boyue, which is priced at 110,000 yuan (RM69,537) in its native market, will likely see an estimated 10-20% price hike when it is introduced here. However, it remains to be seen if the SUV will be introduced as a fully imported (CBU) or locally-assembled (CKD) model, although the latter is the more likely of the two.

At the time of the signing, Proton and Geely said that while they want this model in Malaysia as soon as possible, discussions are still needed on things such as whether or not to kick-off with CBU units, as well as the levels of localisation.

In China, the Boyue is offered with a range of engines which include a 2.4 litre naturally-aspirated four-cylinder (162 hp/210 Nm) and a 1.8 litre turbocharged unit (163 hp/250 Nm). Transmission options include a six-speed manual or dual-clutch automatic, depending on engine choice.

The five-seater Boyue measures 4.5 metres long (a new Honda CR-V is 4,584 mm), and is designed by former Volvo designer Peter Horbury, who currently heads Geely’s design studios. If it is indeed true that the Proton SUV will be priced under RM100k, is it something you’ll be looking forward to?

GALLERY: Geely Boyue in Malaysia