Proton expect RM2billion revenue from electric cars venture
Filed Under (Business News) by Webmaster on 30-03-2009
Tagged Under : Detroit Electric, electric car, Proton
Proton Holdings Bhd said it expects revenue of RM2 billion over five years from its deal with Detroit Electric Holdings Ltd, a maker of electric cars.
It said the revenue would be derived from sales of 40,000 units of Gen2 and Persona models to be sold to the US and UK markets.
On another note, Detroit Electric said it has secured funding to buy the vehicles that would be fitted with its electric motor.
Detroit Electric, incorporated in Hong Kong, is primarily involved in research and development, engineering, manufacturing, assembling and selling of electric and electric hybrid vehicles and related products.
