DRB-Hicom has signed an agreement with China-based Zhejiang Geely Holding Group Company Limited (Geely Holding) to develop the Automotive High-Technology Valley (AHTV) project in Perak state, Malaysia.
Under the agreement, both parties will promote new energy vehicles (NEVs) and the development of the new automotive industry. Plans also call for the construction of an auto components industrial park.
The AHTV will be an open centre for future vehicle development and will develop high-technology components and parts for NEVs. This will lead to the expansion of local vendors’ capabilities to specialise in high-technology manufacturing.
