Geely Eyes $10 Billion EV Foothold in Southeast Asia

(Nikkei Asia) — Chinese automaker Geely has teamed up with Malaysian partner Proton Holdings Bhd to stage a comeback in Southeast Asia’s electric-vehicle (EV) market, fueled by a $10 billion investment in Malaysia.

One of the biggest attractions at last month’s Malaysia International Motor Expo in Kuala Lumpur was an EV from Smart Automobile Co. Ltd., a joint venture between Geely and Mercedes-Benz Group AG.