AutoBeta(AutoBeta.net)04/28 Report--

On the eve of Belt and Road Initiative, Proton signed a CKD factory with Pakistan's Ajiha Automobile Group to produce Proton's BX7 models and received a bank loan of US $455.1 million (about RMB 3.1 billion) from China Construction Bank.

Proton plans to become the third-largest car brand in the Asean region by 2027, said Syed Faisal Albar, chairman of Proton. "expanding into the international market is important for brand sales growth, and access to financing will enable Proton to invest in a lot of projects, which is essential to build Proton into a global brand."

In August this year, Geely Holdings agreed to expand its partnership with Proton, upgrade its product line and help it increase its influence in the international market.

As an important part of Geely Group in Southeast Asia, Geely hopes to expand its territory in Southeast Asia through Proton. Proton also hopes to achieve annual technological upgrading through cooperation with Geely and obtain capital and market development through Geely channels, so that it can get out of Southeast Asia. This is not only a mutually beneficial and win-win situation of international cooperation, but also reflects the influence of Belt and Road Initiative cooperation in the post-international financial crisis.

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