Proton said it had raised its annual R&D budget to MYR90m-MYR100m (US$30m-$33.3m) to help stay in touch with the ever-evolving global automotive industry.
The announcement was made as the company signed an agreement to set up two research laboratories at University Technology Malaysia (UTM) in Kuala Lumpur.
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One of the laboratories will develop hybrid and electrical vehicle drive management technology; the other focusing on vehicle dynamics and simulation technology.
Managing director Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir said the company still needs to collaborate with third-party companies to source key technologies, as it does not have the economies of scale internally.
