Proton’s relationship with Chinese maker Jianhua Youngman Automobile Manufacturing – which includes the supply of Proton vehicles for rebadging and sale in China – is on track, according to reports.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Malaysia’s Edge newspaper said that Proton is estimated to have supplied at least 13,000 units of its GEN 2 cars to China’s Jianhua Youngman Automobile Manufacturing Co Ltd since the end of 2007. The cars are rebadged and sold under the Europestar brand in the country.
OSK Research Sdn Bhd’s analyst Ahmad Maghfur Usman said this was based on the information given by the national carmaker, adding that on the higher end of the scale it could have supplied up to 17,000 cars.
“Based on the agreement between the two that a minimum 30,000 cars will be supplied over two years, Proton appears to be on track.” he told the newspaper.
“Although the contribution from this to Proton’s revenue stream should be quite stable, Proton however has not shared much more details with us [analysts],” he said.
See also: EMERGING MARKETS ANALYSIS: A Chinese cure for the ‘Malaysian Patient’?
