Proton Aims To Expand In China
Proton Holdings Bhd’s sports car subsidiary Lotus Group International Ltd aims to begin production of 30,000 Lotus cars in China this year, said Proton chairman Tun Dr Mahathir Mohamad.
This follows the signing of a joint venture (JV) agreement among Proton, Lotus Group and China’s Goldstar Heavy Industrial Co Ltd to further expand the presence of the Lotus brand in China.
Dr Mahathir said Proton is hoping to tap into the world’s largest car market, where 22 million cars are sold annually.
The group aims to build Lotus-branded cars in China for the China market, as well as for export to other countries.