DRB-Hicom, Zhejiang Geely to discover collaboration on Tanjong Malim automotive hub


KUALA LUMPUR: DRB-Hicom Bhd has inked a memorandum of understanding with Zhejiang Geely Holding Group Ltd for growing and selling an automotive hi-tech valley (AHTV) in Tanjong Malim, Perak.

It mentioned in a bourse submitting that the AHTV is aimed to be a next-generation automobile hub in Tanjong Malim overlaying in depth automotive and mobility options.

The worth chain will embody a full-fledged high-technology analysis and growth centre, manufacturing cluster in addition to supporting companies and an related ecosystem together with logistics, a analysis college, coaching and studying establishments inside a sensible metropolis.

“This strategic cooperation will add worth to DRB-Hicom as it would grow to be a strategic platform for each events to discover technique of collaborating in the direction of the institution of this complete “Automotive Metropolis”, it mentioned.

It added that the AHTV is meant to carry prolonged multiplier-effects via the set-up of an automotive trade cluster in Tanjong Malim, which can entice traders and distributors from China and different components of the world.

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