Li Shufu, Chairman of Geely Holding Group, delivered a speech on the occasion of the 50th anniversary of the establishment of diplomatic relations between China and Malaysia, emphasizing that the industrial chain of the automotive industry has the characteristics of globalization and scale. He pointed out that in order to maintain competitiveness, car brands must establish a sound supply chain system. However, currently Malaysia's automotive industry, especially Proton's supply chain costs, are about 30% higher than those in China, and there is also a cost gap of over 10% compared to Thailand.

Li Shufu's speech highlighted the challenges faced by the Malaysian automotive industry in terms of supply chain costs. Against the backdrop of increasingly fierce competition in the global automotive market, reducing costs and improving efficiency have become key tasks for automotive companies. Malaysia, as an important automotive market in Southeast Asia, optimizing its supply chain costs is crucial for enhancing the competitiveness of local automotive brands. At the same time, this also provides new opportunities for cooperation between China and Malaysia in the automotive industry, and is expected to promote the sustainable development and progress of Malaysia's automotive industry through joint efforts.