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Proton X70
The Proton X70 is a compact crossover SUV produced by the Malaysian car maker Proton Holdings, Proton. Marketed as a C-segment Sport utility vehicle, SUV, the car was launched on 12 December 2018, unveiled in a ceremony by then-prime minister and former Proton chairman Mahathir Mohamad. Being the first SUV released by Proton, it is conceived by rebadging the Geely Boyue, following the acquisition of Proton by Geely, Geely Automobile Holdings in 2017. The X70 is distinguishable from the Boyue by some design element differences and its right-hand drive configuration. In the beginning, the X70 was fully imported (CBU or Captive import, completely built-up) from China, but since February 2020 the locally assembled version (CKD or Knock-down kit, complete knocked down) was made available with several notable mechanical changes. Background Pre-launch On 24 May 2017, DRB-HICOM as the owner of Proton has reached an agreement with Geely for the Automotive industry in China, Chinese ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PROTON Holdings
Proton Holdings Berhad, commonly known as Proton (stylised PROTON), is a Malaysian multinational Automotive industry, automotive company. Proton was established on 7 May 1983, as Malaysia's sole national budget car company until the advent of Perodua in 1993. The company is headquartered in Shah Alam, Selangor, and operates additional facilities in Proton City, Proton City, Perak. Proton began manufacturing rebadged versions of Mitsubishi Motors (MMC) products in the 1980s and 1990s. Proton produced its first indigenously designed, non-badge-engineered car in 2000 with a Mitsubishi engine. It elevated Malaysia as the 11th country in the world with the capability to design cars from the ground up. Since the 2000s, Proton has produced a mix of locally engineered and badge-engineered vehicles. Proton was founded under majority ownership by DRB-HICOM, HICOM, with a minority stake being held by Mitsubishi Group members. By 2005, Mitsubishi had divested its stake in Proton to Khaz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proton City
Proton City () is a township with industrial, commercial and residential activities spread over 4,000 acres (16 km2) in Muallim District, Perak, Malaysia. It houses the RM1.8 million Proton car assembly plant. Proton City aimed to be fully developed by 2020. Undertaken by Proton City Development Corp, a joint venture between DRB-HICOM DRB-HICOM Berhad () is one of Malaysia's leading corporations, involved in the automotive manufacturing, assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national ... and Proton itself. A core member of Proton Holdings, it started in 1996 with an initial investment of RM250,000, beginning with the construction of the Proton plant. The Proton plant has a workforce of more than 2,000 and most of them are expected to live in the area. When Proton City was fully developed, it would have had a population of about 240,000. The first settlement in the area - 252 un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kuala Lumpur Convention Centre
The Kuala Lumpur Convention Centre (), also known as the KL Convention Centre, is a purpose-built convention and exhibition centre located in the Kuala Lumpur City Centre (KLCC) development in Kuala Lumpur, Malaysia. It was launched by Prime Minister Mahathir Mohamad on 11 February 2003. The management of the convention centre is handled by Convex Sdn Bhd, a joint venture between KLCC Holdings and ASM Global. The convention centre was the recipient of the 2015 AIPC Innovation Award. During the COVID-19 pandemic, it was used as a mass vaccination centre. Description The building was designed with Modernist and Postmodern architectural elements, and is located in the heart of the Kuala Lumpur City Centre precinct. Major past events at the Convention Centre *67th MDA/FDI International Dental Convention & Trade Exhibition 2010 (2200 delegates) *XVIII FIGO World Congress of Gynecology and Obstetrics (FIGO) (8,294 delegates), 2006 *12th APLAR Congress Of Rheumatology 2006 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equity (finance)
In finance, equity is an ownership interest in property that may be subject to debts or other liabilities. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets owned. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. When liabilities attached to an asset exceed its value, the difference is called a deficit and the asset is informally said to be "underwater" or "upside-down". In government finance or other non-profit settings, equity is known as "net position" or "net assets". Origins The term "equity" describes this type of ownership in English because it was regulated through the system of equity law that devel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automotive Industry In China
The automotive industry in mainland China has been the List of countries by motor vehicle production, largest in the world measured by automobile unit production since 2008. , mainland China is also the world's largest automobile market both in terms of sales and Car ownership, ownership. The Chinese automotive industry has seen significant developments and transformations over the years. While the period from 1949 to 1980 witnessed slow progress in the industry due to restricted competition and political instability during the Cultural Revolution, the landscape started to shift during the Chinese economic reform period that started in the late 1970s, especially after the Government of China, government's seventh five-year plan between 1986 and 1990 prioritized the domestic automobile manufacturing sector. Foreign investment in China, Foreign investment and joint ventures played a crucial role in attracting foreign technology and capital into China. American Motors Corporation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DRB-HICOM
DRB-HICOM Berhad () is one of Malaysia's leading corporations, involved in the automotive manufacturing, assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national truck project and the national motorcycle project. DRB-HICOM is the majority shareholder of Malaysia's national car company, Proton Holdings, Proton, with China's Zhejiang Geely Holding Group the other shareholder since an equity sale in 2017. The Group also owns national motorcycle company Modenas, with Japanese two-wheeler giant Kawasaki as its partner. DRB-HICOM assembles cars in Malaysia for Tata Motors, Honda, Isuzu, Mercedes-Benz and Volkswagen, with plans for expansion. The Group also retails various brands such Audi (via Euromobil Sdn Bhd), Mitsubishi (via EON Auto Mart Sdn Bhd) and Volkswagen (via HICOM Auto Sdn Bhd). Besides automotive concerns, DRB-HICOM's core business focuses are in the services (postal, banking, vehicle inspe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Knock-down Kit
A knock-down kit (also knockdown kit, knocked-down kit, or simply knockdown or KD) is a collection of parts required to assemble a product. The parts are typically manufactured in one country or region, and then exported to another country or region for final assembly. CBU, on the other hand, stands for "Completely Built Up" and signifies import of a finished product. Definitions A common form of knock-down is a complete knock-down (CKD), which is a kit of entirely unassembled parts of a product. It is also a method of supplying parts to a market, particularly in shipping to foreign nations, and serves as a way of counting or pricing. CKD is a common practice in the automotive industry, automotive, bus, heavy truck, and rail transport, rail vehicle industries, as well as electronics, furniture and other products. Businesses sell knocked-down kits to their foreign affiliates or licensees for various reasons, including the avoidance of import taxes, to receive tax preferences for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Captive Import
Captive import is a marketing term and a strategy for a vehicle that is foreign-built and sold under the name of an importer or by a domestic automaker through its own dealer distribution system. The foreign vehicle may be produced by a subsidiary of the same company, be a joint venture with another firm, or be acquired under license from a completely separate entity. The brand name used may be that of the domestic company, the foreign builder, or an unrelated marque entirely (this is one type of "badge engineering"). Background Captive import arrangements are usually made to increase the competitiveness of the domestic brand by filling a perceived target market not currently served by its model lineup that is either not practical or not economically feasible to fill from domestic production or a mutually beneficial agreement that helps automakers without a strong distribution network or a presence in a specific country to benefit from the distribution network and stronger bra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rebadging
In the automotive industry, rebadging (also known as badge engineering, an intentionally ironic misnomer in that little or no actual engineering takes place) is a form of market segmentation used by automobile manufacturers around the world. To allow for product differentiation without designing or engineering a new model or brand (at high cost or risk), a manufacturer creates a distinct automobile by applying a new "badge" or trademark (brand, logo, or manufacturer's name/make/marque) to an existing product line. The term originated with the practice of replacing an automobile's emblems to create an ostensibly new model sold by a different maker. Changes may be confined to swapping badges and emblems, or may encompass minor styling differences, as with cosmetic changes to headlights, taillights, front and rear fascias, and even outer body skins. More extreme examples involve differing engines and drivetrains. The objective is "to spread the huge development costs of a new ve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mahathir Mohamad
Mahathir bin Mohamad (; ; born 10 July 1925) is a Malaysian politician, author and doctor who was respectively the fourth and seventh Prime Minister of Malaysia, prime minister of Malaysia from 1981 to 2003 and from 2018 to 2020. He was the country's longest-serving prime minister, serving for a cumulative total of 24 years. His political career has spanned more than 75 years, from joining protests opposing citizenship policies for non-Malays in the Malayan Union in the 1940s to forming the Gerakan Tanah Air coalition in 2022. During his premiership, Mahathir was granted the title "Father of Modernisation" () for his pivotal role in transforming the country's economy and infrastructure. At nearly 100 years old, he is currently the oldest living former Malaysian prime minister. Born and raised in Alor Setar, Kedah, Mahathir excelled at school and became a physician. He became active in UMNO before entering the parliament of Malaysia in 1964 Malaysian general election, 1964 as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proton Holdings
Proton Holdings Berhad, commonly known as Proton (stylised PROTON), is a Malaysian multinational Automotive industry, automotive company. Proton was established on 7 May 1983, as Malaysia's sole national budget car company until the advent of Perodua in 1993. The company is headquartered in Shah Alam, Selangor, and operates additional facilities in Proton City, Proton City, Perak. Proton began manufacturing rebadged versions of Mitsubishi Motors (MMC) products in the 1980s and 1990s. Proton produced its first indigenously designed, non-badge-engineered car in 2000 with a Mitsubishi engine. It elevated Malaysia as the 11th country in the world with the capability to design cars from the ground up. Since the 2000s, Proton has produced a mix of locally engineered and badge-engineered vehicles. Proton was founded under majority ownership by DRB-HICOM, HICOM, with a minority stake being held by Mitsubishi Group members. By 2005, Mitsubishi had divested its stake in Proton to Khaz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Compact Crossover SUV
Compact crossover SUV is an automobile classification used mainly in North America to describe a segment of crossover SUV, a type of sport utility vehicle, between subcompact crossover SUV and mid-size crossover SUV. By the late 2010s, the segment had emerged as the most popular automobile segment in several regions. For example, nearly one in every four cars sold in the United States in 2019 was a compact crossover, at about 24.2 percent. The best-selling vehicle in the segment in 2020 was the Toyota RAV4, with 995,762 units sold globally. It was also the second best-selling automobile in the world after the Toyota Corolla in 2021. Terminology The term "compact crossover SUV" is most commonly used in the North America, where the "compact car" and "crossover" terms originated. It is also known as C-segment SUV or C-SUV. The naming of the segment also differ depending on the market. In several regions outside North America, the category may be known as "mid-size/medium crosso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
