Lotus Cars and Proton owner DRB-Hicom’s polymer industry unit has entered into a joint venture with HBPO to design, develop and supply front-end modules.
The move comes after DRB-Hicom decided to expand its involvement in the automotive parts sector.
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HBPO is presently the biggest manufacturer of FEMs, reported Reuters. Such assemblies integrate components like lighting, radiators, cooling fans and air conditioning condensers.
DRB-Hicom recently purchased a 42.7% stake in local carmaker Proton for $412m from the Malaysian state investment firm Khazanah Nasional.
It said at the time it would “facilitate, grow and enhance Malaysia’s national automotive industry, hence making Malaysia a preferred automotive hub capable of rivalling its neighbours”.
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