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Investing.com -- Malaysian automaker Proton launched its first electric vehicle assembly plant on Thursday, as Malaysia aims to develop its EV industry.
The new facility is situated in Perak state’s Automotive High-Tech Valley, which serves as Malaysia’s primary automaking hub. The plant will initially produce 20,000 cars annually, with potential to increase capacity to 45,000 units per year, according to a statement from Proton.
The company’s first electric vehicle model, the e.MAS 7, will be the first to be manufactured at the new plant. This will be followed by the e.MAS 5, which is positioned as Proton’s entry-level EV option.
Proton’s ownership structure includes a majority stake held by Malaysian conglomerate DRB HICOM, while China’s Zhejiang Geely Holding Group owns the remaining 49.9% of the company.
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