True on the export potential. Maybe Malaysia was never a main target for Geely just a testing ground and a platform for their Asean ambition.
Hi balvin71,
Thanks for the update on the tanjung malim factory. Do you know why the delay? Is it physical structural delay or just strategic delays? From my understanding they are still negotiating with some of the local autoparts suppliers on the costing. For example, they are still negotiating with MBMR on the per unit price to supply alloy wheels for the X70. Not sure for other suppliers. So the production might need to wait until they get all the auto component supply ready first.
Apparently based on the original plan, the production plant in Tanjung Malim was initially set to be completed in by early Feb 19 (as per what you had highlighted). But production will only start in September 19.
But then on 21st Nov the deputy CEO of Proton, mentioned during the KL International Auto Conference that the plant will only be completed in 4Q19 (calendar year). Not sure if production can start straight away or it will also be by another 6 months to 1H20.
"The inventory of Geely’s best-selling compact crossover SUV, Boyue, has risen to over three months, while that of its luxury brand Lynk & Co has reached more than a month, Morgan Stanley said in its report."
Strongly suggest you all to follow Proton x70 community group in Fb to see how excited and respond of getting their new car, check YouTube on car review, and see the 4s branches everyday full of ppl test driving the car
Proton Holdings Bhd's indirect wholly-owned subsidiary Proton Automobiles China Ltd (PACL) has been slapped with a civil suit in China's Guangdong High People’s Court by a former Chinese partner, claiming RMB860.61 million (RM522.91 million).
PACL and another unit Perusahaan Otomobil Nasional Sdn Bhd (PONSB) were named as defendants in the civil complaint served by Goldstar Heavy Industrial Co Ltd. The two companies have to appear in court on July 9.
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commonsense
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Posted by commonsense > 2018-12-15 06:54 | Report Abuse
Hi joan123,
True on the export potential. Maybe Malaysia was never a main target for Geely just a testing ground and a platform for their Asean ambition.
Hi balvin71,
Thanks for the update on the tanjung malim factory. Do you know why the delay? Is it physical structural delay or just strategic delays? From my understanding they are still negotiating with some of the local autoparts suppliers on the costing. For example, they are still negotiating with MBMR on the per unit price to supply alloy wheels for the X70. Not sure for other suppliers. So the production might need to wait until they get all the auto component supply ready first.