Hawtai and Proton sign Memorandum of Understanding - China Car Forums
chinese cars - china car forums, chery, geely CCF - The Chinese Car Community China Car Forums - Zhonghua Junjie
Home :: Forums  :: Manufacturers :: Articles :: About Us :: Vendors :: Analysis Reports

Go Back   China Car Forums > Chinese Car Manufacturers > Hawtai (Huatai)

ChinaCarForums.com is the premier Chinese Car Forum on the internet. Registered Users do not see the above ads.
Reply
 
Thread Tools Display Modes
Old 10-21-2011, 11:56 AM   #1
CCF mod
Senior Member
 
CCF mod's Avatar
 
Join Date: Feb 2007
Location: Slovenia, Europe
Posts: 15,827
Default Hawtai and Proton sign Memorandum of Understanding

Proton and Chinese auto company Hawtai Motor Group Ltd signed a Memorandum of Understanding today to explore collaboration in product development with the aim of expanding Proton’s presence in the Chinese market.

The MoU was signed by Proton Group MD Dato’ Sri Haji Syed Zainal Abidin Syed Mohamed Tahir and the Executive President of Hawtai, Mr Hou Haijing in Nanning, China, witnessed by the Prime Minister of Malaysia, Dato’ Sri Mohd Najib Tun Abdul Razak and Minister of International Trade and Industry Datuk Mustapha Mohamed.

Under the MoU, Proton and Hawtai will evaluate the possible establishment of a Joint Venture Company (JV Co.) in China, to invest in joint new product development including joint design and development cost sharing. Both companies will spend the next three months finalising their study of the business case.

Proton says Hawtai are looking at manufacturing the Proton Exora MPV as well as the upcoming Proton P3-21A sedan in China, which by the way is set to debut in early 2012. The two companies will explore the development of new models together in later phase.

The joint venture company will also be responsible for vendor sourcing and component development work with local Chinese vendors. This will hopefully allow Proton to tap into low cost vendors in China and explore the potential of cross-supplying components from local Malaysian vendors to China and vice-versa.

Beijing-based Hawtai currently has the capacity to make about 200,000 vehicles, 300,000 engines and 300,000 automatic transmissions a year. Hawtai also has a joint venture with South Korea’s Hyundai Motors to manufacture the Chinese-market versions of the Hyundai Matrix, Hyundai Santa Fe and Hyundai Terracan.

http://paultan.org/2011/10/21/proton...roup-sign-mou/
CCF mod is online now   Reply With Quote
Sponsored Links
Advertisement
 
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

                    
All times are GMT -5. The time now is 02:56 PM.



Powered by vBulletin® Copyright ©2000 - 2020, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.