X70 CKD production triggers new developments in vendor ecosystem - Darell

The kick-start of Proton sport utility vehicle, X70, completely-knocked-down (CKD) production has unofficially set off new developments in Malaysia’s automotive vendor ecosystem, Minister of International Trade and Industry Datuk Darell Leiking said

The kick-start of Proton sport utility vehicle, X70, completely-knocked-down (CKD) production has unofficially set off new developments in Malaysia’s automotive vendor ecosystem, Minister of International Trade and Industry Datuk Darell Leiking said.

He said the Proton-Geely partnership had further grown the domestic vendor ecosystem by matchmaking local and overseas companies to work together to supply parts for its current and future models.

“This has brought investment to Malaysia’s economy and helped to create jobs,” he said at the launching of the X70 CKD production here today.

The X70 CKD will be assembled at Proton’s new RM1.2 billion plant extension here.

Darell said with Proton planning to expand its workforce in the future, Proton City in Tanjung Malim would soon be the centre of automotive production for the Malaysian car maker.

“I was informed that Proton aims to sell 400,000 cars a year by 2027 and majority of those cars will be built in Tanjung Malim, which means more investments will come to Malaysia to achieve the target,” he said.

Currently, Proton City has a workforce of 2,006 and has attracted RM263 million in investments in terms of technical agreement and foreign direct investment.

Darell said with the global automotive sector going through an exciting phase, car manufacturers were continuously expected to develop new models with an environmentally-friendly concept in mind and transportation as a whole is undergoing a rethinking in order to keep the industry sustainable for the future generation.

“I hope that Proton will be the driving force in leading the local industry players to be aligned with the global trends,” he said.

Meanwhile, Proton chairman Datuk Seri Syed Faisal Albar Syed Ali Rethza Albar said the new plant would also produce future products that are jointly developed by Geely and Proton.

“We are constantly working to increase the number of locally sourced components too,” he said.

He said this was in line with Proton’s long-term goal which is to become a global automotive brand and the right-hand drive market driving force for Geely.

In another development, Syed Faisal Albar said the company was on track to achieve 100,000 unit sales this year.

For the January to November period, Proton’s sales stood at 89,476 units, a 50.1 per cent growth year-on-year.

Source: Bernama 

Posted on : 13 December 2019
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Last Updated : Thursday 21st May 2020