GELYY - China's Geely Deepens Commitment To Southeast Asia With New Collaborative Agreements | Benzinga
China's largest privately held automotive group, Geely Holding Group, has entered into a Master Collaboration Agreement (MCA) with DRB-HICOM Berhad to develop Malaysia's Automotive Hi-Tech Valley (AHTV).
The announcement follows an earlier commitment by the Malaysian Prime Minister, Anwar Ibrahim, who in July mentioned Geely's intent to inject a massive $10 billion into the establishment of this auto hub, reported Reuters.
Situated in ...