Geely to invest RM32 billion, make Malaysia export hub, increase local R&D participation – Anwar Ibrahim

Geely to invest RM32 billion, make Malaysia export hub, increase local R&D participation – Anwar Ibrahim

Geely has big plans to increase its investments in Malaysia to the tune of RM32 billion, while making the country its production hub for export markets. Beyond that, the Chinese company – via its local partner, Proton – will also lift local involvement in its research and development (R&D) initiatives here, as well as the provision of local skilled workers to go along with the larger expansion plans.

The proposals were highlighted by Malaysian prime minister Datuk Seri Anwar Ibrahim after receiving a courtesy visit from Geely chairman Li Shufu in Putrajaya yesterday. Mind you, the above are mostly reminders of previous announcements or promises from Geely made over the past year.

The committed investment of RM32 billion, especially, was already made public during the PM’s visit to China in March this year. “Hopefully these initiatives will be beneficial to our country’s economy,” said Anwar on his official Facebook page.

Also present at the meeting, investment, trade and industry (MITI) minister Tengku Datuk Seri Zafrul Abdul Aziz added that Proton will now gain access to the latest technologies from Geely. He also expressed his well wishes for the national carmaker to win back customer confidence and improve its company performance with the help of Geely.

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Hafriz Shah

Preferring to drive cars rather than desks, Hafriz Shah ditched his suit and tie to join the ranks of Malaysia's motoring hacks. A car's technical brilliance is completely lost on him, appreciating character-making quirks more. When not writing this ego trip of a bio, he's usually off driving about aimlessly, preferably in a car with the right combination of three foot pedals and six gears.

 

Comments

  • Bossku on Oct 11, 2023 at 1:10 pm

    Tq Najib

    Like or Dislike: Thumb up 16 Thumb down 13
    • Made In China on Oct 11, 2023 at 2:29 pm

      So far Anwar just follow the flow.

      Like or Dislike: Thumb up 12 Thumb down 10
      • Ex Timur tengah Special Ambassador on Oct 11, 2023 at 3:46 pm

        Mampuih la rakyat & negara klau nak harapkan geng2 Yiddin pnpas… Lolzz

        Like or Dislike: Thumb up 13 Thumb down 3
        • Dah Menang Semua on Oct 11, 2023 at 4:20 pm

          1MDB’s Assets Recovery Trust Account is 87.4% lower than 2021, as a bulk of the fund was used to repay 1MDB debts which matured in 2022. A reduction of RM13.353b from RM15.281b in 2021.

          https://www.thestar.com.my/news/nation/2023/10/11/over-rm55bil-spent-on-subsidies

          Like or Dislike: Thumb up 10 Thumb down 0
    • Rosie M on Oct 11, 2023 at 7:25 pm

      Should thank me because I was actually his boss

      Like or Dislike: Thumb up 1 Thumb down 0
  • Nurul Izzah on Oct 11, 2023 at 1:10 pm

    Anwar menang, Geli mari

    Like or Dislike: Thumb up 18 Thumb down 8
  • Peppa on Oct 11, 2023 at 1:32 pm

    Eww. Chinese again?

    Like or Dislike: Thumb up 14 Thumb down 23
    • Peppa touch his poop but no Eeeewww? on Oct 12, 2023 at 9:10 am

      Peppa instead of being jealous, can you show what your species has achievd on global stage? Please show. Even in Malalaysi, the chinese brings more fame and wealth to Malaysia. How about you? Lol. You use hand don’t use tissue paper to wipe your poop and you can’t find anything else more disgusting? hahaha. Google Global IQ rank buddy. All top 5 is Chinese. Malaysia is in the middle also becase malaysia gor 27% chinese. Otherwise Malaysia IQ rank will be same level like India/indonesia etc. Not being racist but its factual. Please debate me with searchable facts if you don’t agree. Cakap kosong anyone also can.

      Like or Dislike: Thumb up 7 Thumb down 11
      • Peppa no brain on Oct 12, 2023 at 12:00 pm

        Peppa still thinks kulit sawar matang is the best like Mahathir.

        Like or Dislike: Thumb up 1 Thumb down 0
      • Banana on Oct 12, 2023 at 4:24 pm

        Folks like you are why the Malays will vote for PN overwhelmingly. Ps washing your a55 with water is cleaner than using tissue paper :)

        Like or Dislike: Thumb up 10 Thumb down 0
      • don't use hand nor paper on Oct 14, 2023 at 8:56 pm

        use bidet is best. don’t use paper, don’t use hand.

        Like or Dislike: Thumb up 1 Thumb down 0
  • Middle kingdom is desperate for friends. Grab as many benefits as possible.

    Like or Dislike: Thumb up 6 Thumb down 11
    • Rational on Oct 13, 2023 at 7:41 am

      Dude, Geely is a company, not a country. Since when investing in another country is a sign of desperation? Desperation is when we seek Geely to invest in Malaysia instead of Thailand. Gotta work on your logical thinking bro. If you disagree, protest la. Protest against proton working with them, protest against them selling here lo.

      Like or Dislike: Thumb up 3 Thumb down 0
  • Najib legacy

    Like or Dislike: Thumb up 8 Thumb down 13
  • ThePolygon on Oct 11, 2023 at 3:02 pm

    Zeekr coming in or not? More particular the Zeekr X.

    Like or Dislike: Thumb up 4 Thumb down 1
  • hazri on Oct 11, 2023 at 6:46 pm

    thanks to all x50, x70 and x90 buyers. proton most sales come from you. if not because of you, geely see no potential here anymore and see no reason to invest more. from: honda owner.

    Like or Dislike: Thumb up 5 Thumb down 3
  • Today say invest RM32 bil, next day say setup EV production plant in Thai instead of Malaysia… I think Malaysia is losing out to Thai in this deal.

    Like or Dislike: Thumb up 2 Thumb down 0
  • Ex proton fanboi on Oct 13, 2023 at 11:35 pm

    Geely should R&D fire extinguishers

    Like or Dislike: Thumb up 1 Thumb down 1
 

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