(Yicai Global) Dec. 13 - Malaysian national car manufacturer Proton and China's Geely have unveiled their first joint commercial product on Wednesday with the launch of the X70 sports utility vehicle (SUV).
The X70 is the most anticipated SUV in Malaysian automotive history, with over 10,000 bookings received before its official launch, the state-owned Xinhua News Agency said on 12th.
The vehicle is the first joint product since Geely acquired 49.9 percent of Proton from Malaysia's leading conglomerate DRB-HICOM that owned 100 percent of Proton last year.
Malaysian Prime Minister Mahathir Mohamad, who was the guest of honor at the launch, said the vehicle represented a technological leap for the national car maker.
"The technology is fantastic. All the things that I never thought could be done before is now commonplace. When we introduced the first Proton and compare that with what we have now it seems like it was a bullock cart by comparison to the latest cars," he said.
Mahathir said he hopes Proton will come out with a 100 percent Malaysian car in the future with the support from Geely.