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Sanhuan Electric successfully signed a joint venture cooperation agreement in Malaysia
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Sanhuan Electric successfully signed a joint venture cooperation agreement in Malaysia

  • Categories:Company News
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  • Time of issue:2018-10-11 16:47
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(Summary description)On October 10, Wang Hanrong, chairman and general manager of Sanhuan Electric, signed a joint venture cooperation agreement with Dato' Zheng Wenji, executive chairman of Malaysia Liluo Group. Perak State Minister Ahmad Faisal, Tanjung Malim MP Zheng Likang, Perak State Development Board (PKNP) Investment Commissioner Datuk Seri Mohd Nicha, Proton Chairman Datuk Seri Saifaizah, Geely Li Chunrong, General Manager of Proton, along with Malaysian government officials and Geely Proton executives attended the signing ceremony to witness the birth of the joint venture. This is the third joint venture company, the second Sino-foreign joint venture company and an overseas company established by Sanhuan Electric in recent years. It is also the first batch of Chinese-funded auto parts companies of Geely Proton to invest and build factories in Malaysia, opening the curtain of Sanhuan Electric's "going out" internationalization strategy.

Sanhuan Electric successfully signed a joint venture cooperation agreement in Malaysia

(Summary description)On October 10, Wang Hanrong, chairman and general manager of Sanhuan Electric, signed a joint venture cooperation agreement with Dato' Zheng Wenji, executive chairman of Malaysia Liluo Group. Perak State Minister Ahmad Faisal, Tanjung Malim MP Zheng Likang, Perak State Development Board (PKNP) Investment Commissioner Datuk Seri Mohd Nicha, Proton Chairman Datuk Seri Saifaizah, Geely Li Chunrong, General Manager of Proton, along with Malaysian government officials and Geely Proton executives attended the signing ceremony to witness the birth of the joint venture. This is the third joint venture company, the second Sino-foreign joint venture company and an overseas company established by Sanhuan Electric in recent years. It is also the first batch of Chinese-funded auto parts companies of Geely Proton to invest and build factories in Malaysia, opening the curtain of Sanhuan Electric's "going out" internationalization strategy.

  • Categories:Company News
  • Author:
  • Origin:
  • Time of issue:2018-10-11 16:47
  • Views:
Information

  On October 10, Wang Hanrong, chairman and general manager of Sanhuan Electric, signed a joint venture cooperation agreement with Dato' Zheng Wenji, executive chairman of Malaysia Liluo Group. Perak State Minister Ahmad Faisal, Tanjung Malim MP Zheng Likang, Perak State Development Board (PKNP) Investment Commissioner Datuk Seri Mohd Nicha, Proton Chairman Datuk Seri Saifaizah, Geely Li Chunrong, General Manager of Proton, along with Malaysian government officials and Geely Proton executives attended the signing ceremony to witness the birth of the joint venture. This is the third joint venture company, the second Sino-foreign joint venture company and an overseas company established by Sanhuan Electric in recent years. It is also the first batch of Chinese-funded auto parts companies of Geely Proton to invest and build factories in Malaysia, opening the curtain of Sanhuan Electric's "going out" internationalization strategy.

  Sanhuan Electric deeply implements the development policy of "adjusting structure, improving level and internationalization", actively responds to the "One Belt, One Road" development strategy, seizes the development opportunities of the Geely Proton project in Malaysia, takes advantage of ASEAN preferential policies, accelerates the pace of international development, and cooperates with Malaysia Liluo Industrial (M) Co., Ltd. is a joint venture and cooperation.

  The Malaysian auto market has an annual sales volume of about 500,000 vehicles. Proton is the main vehicle manufacturer in Malaysia. Geely and Proton have a joint venture with a planned annual output of 400,000 vehicles. The whole vehicle is exported to ASEAN without tax, and the entire ASEAN produces about 4 million vehicles per year. Sanhuan Electric Co., Ltd. is equipped with a variety of products such as switches, handles, ignition locks, fuel filler boxes, rearview mirrors and other products in Geely Proton's cooperative models, and radiates to ten ASEAN countries based in Malaysia.

  Liluo is a local manufacturer of auto parts in Malaysia. The joint venture between the two parties is controlled by Sanhuan Electric. Sanhuan Electric will use its advanced technology to build the joint venture into a R&D and production base for right-hand drive vehicle parts and a bridgehead for the ten ASEAN countries, share the dividends of the "Belt and Road" development strategy, accelerate the process of internationalization, and march forward to the development of the automobile economy. new era.

  

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