China firms propose RM41bil for Malaysia’s third national car project
TWO companies from China have proposed to invest US$10bil (RM41bil) in Malaysia’s third national car project and build a regional automobile hub to cater for the region in southern Perak, according to official sources.
Separately, Zhejiang Geely Holding Group has shown interest to participate in the national car project by upgrading its facilities in Malaysia.
The third national car project was mooted by Tun Dr Mahathir Mohamad after he became Prime Minister for the second time on May 10.
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