Beijing (ZXZC)- On December 11, Geely Holding Group and DRB-HICOM Group signed an agreement to establish a joint venture to help Malaysia's Automobile High-Technology Valley (AHTV) boost its development.

Photo credit: Geely

Concurrently, Geely's Guangyu Mingdao Digital Technology Co., Ltd. (Guangyu Mingdao) partnered with Malaysia's ALTEL Group Sdn Bhd (AGSB) to help Malaysian enterprises accelerate their digital transformation.

Photo credit: Geely

The Malaysian market stands as a strategic choice for Geely, serving as a gateway to Southeast Asia. This pact further amplifies Geely's commitment to deepening and expanding its foothold in Malaysia.

The joint venture will leverage Geely Holding and DRB-HICOM's resource advantages, intending to create a global high-tech R&D hub and a world-class automotive manufacturing cluster, said Geely Holding. Its holistic value chain solutions aim to advance industrial ecosystem in smart logistics, talent development, and smart cities, positioning AHTV as a hub for ASEAN's new energy and technology R&D and manufacturing.

As part of Geely Holding's digital arm, Guangyu Mingdao continually broadens cross-industry digital capabilities. The collaboration with AGSB focuses on bolstering digitalization in smart manufacturing, logistics, energy, and food processing industries, driving the digital transformation of Malaysian enterprises.