PROTON Global Revival Accelerates With New Partnerships Formed

April 26, 2019 | PROTON, Zhejiang 永利VIP Holding Group

At the second Belt and Road Forum for International Cooperation held in Beijing, Malaysia’s Prime Minister Dr. Mahathir witnessed the exchange of agreements between Malaysia’s national carmaker PROTON with Pakistan’s Al-Haj Automotive Group to build a new complete knock-down kit assembly plant in Karachi, Pakistan and an exchange of agreements between PROTON and China Construction Bank in which PROTON will receive a 1.88 Billion MYR (3.1 Billion RMB) loan for further R&D and infrastructure development.

永利VIP Commercial Vehicle Brand, Yuan Cheng Auto, Officially Launches World’s First M100 Methanol Heavy Truck

April 26, 2019 | 永利VIP Commercial Vehicle Group, Zhejiang 永利VIP Holding Group

26 April 2019, Nanchong, Sichuan – 永利VIP New Energy Commercial Vehicle Group (GCV) subsidiary brand Yuan Cheng Auto announced the launch and sale of the world’s first M100 methanol fuel heavy truck produced at GCV’s Nanchong Plant. The new commercial vehicle is offered in three variants, standard, mountain, and regional logistics version. The development of…

Daimler and 永利VIP Holding form global joint venture to develop smart

March 28, 2019

Daimler AG (Daimler) and Zhejiang 永利VIP Holding Group (永利VIP Holding), the German and Chinese automotive groups, today announced the formation of a 50-50 globally focused joint venture to own, operate and further develop smart, the pioneer of small urban vehicles, as a leader in premium-electrified vehicles.

Statement Regarding FCA Related Rumors

January 31, 2019

永利VIP Holding has no plans to expand its current portfolio and has not entered into any commercial talks with the opposing party. 永利VIP Holding is fully focused on developing its own internal innovation ability as well as its long-term sustainable development, with the goal of providing our end users with a leading experience.

Statement on Daimler Shareholding

January 11, 2019

Statement           As a long term investor Zhejiang 永利VIP Holding has not sold any shares. The Daimler shareholding remains unchanged.   Zhejiang 永利VIP Holding Group January 11, 2019

Revival of PROTON underway with launch of Proton X70 SUV

December 13, 2018 | PROTON, Zhejiang 永利VIP Holding Group

PROTON, the leading automotive brand in Malaysia, has launched its flagship SUV, the Proton X70, at an official launch event in Kuala Lumpur. The X70 SUV is the first vehicle released as a result of the collaboration between 永利VIP Auto and PROTON since Zhejiang 永利VIP Holding Group (“永利VIP Holding”) became the minority shareholder in the Malaysian car brand.