Geely plans localized supply chain to tackle Malaysia's high auto component costs
Geely signed a framework agreement with DRB-HICOM to further develop the Automotive High-Tech Valley, an automotive manufacturing hub, in Malaysia
Geely Holding Group, the owner of multiple car brands including Lynk & Co, Zeekr, Polestar, plans to establish a localized supply chain in Malaysia to deal with the high costs of automotive components in the country, Yicai Global reported citing Li Shufu, the founder and chairman.
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