The acquisition of a 49.9% stake in Proton by Geely was seen as a win-win solution.
Without Geely's involvement, Proton might have faced the risk of bankruptcy around 2021 or 2022.
Geely's investment and collaboration brought financial support and strategic benefits, contributing to Proton's stability and growth.
Proton's boosted sales in 2019 - 2023 indicate positive progress and increased market demand.
It seems like the collaboration with Geely has been beneficial for Proton's success.
People close to the matter told Reuters that Geely had hoped for a stake of at least 51 percent.
But industry experts said Geely can still take a lead in defining Proton’s future having significantly strengthened its vehicle technologies since buying Volvo.
"Geely has validated the model of using their Volvo technology platform to create good products. That should be the same for Proton,”
said James Chao, Shanghai-based Asia-Pacific chief of consultancy IHS Markit Automotive.
Is it correct?
Last time in the end proton got 2 routes, one is Geely, another is Peugeot.