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Sunday, April 28, 2024

Geely to invest $10b in Malaysia

A vehicle body on the production line of the manufacturing plant for Zeekr Co, an electric-car unit of Zhejiang Geely Holding Group Co, in Zhejiang, China, on April 14, 2021. (Photo: Bloomberg)

KUALA LUMPUR: Chinese automaker Geely plans to invest US$10 billion to turn Tanjung Malim in Malaysia’s Perak state into the region’s largest auto hub, according to Prime Minister Anwar Ibrahim.

Anwar said the company conveyed the plan to him in a letter Monday night, and…

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