Geely chairman Li Shufu says that Malaysia’s automotive parts supply still relies heavily on overseas imports which makes it difficult to produce cars at lower costs here.
The relatively small size of the local automotive market meant it was difficult to get enough scale to keep costs down.
Auto parts
He adds that one of Geely’s current priorities is to help improve the competitiveness of the country’s automotive industry’s supply chain.
Li said Geely will promote the localisation of Malaysia’s auto parts industry by introducing advanced global auto parts companies into the market and strengthening cooperation with local suppliers.
He made the comments in an interview on China’s state-owned CCTV programme “Dialogue,” which was picked up by Chinese tech website CNMO.
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