KHPT Bags Components Contract For New Proton Model
KUALA LUMPUR, June 18 (Bernama) -- KHPT Holdings Bhd has secured a contract from Perusahaan Otomobil Nasional Sdn Bhd (Proton) to supply automotive components for a new Proton model.
In a statement filed with Bursa Malaysia today, KHPT said its wholly owned subsidiary, Automev Global Sdn Bhd, has accepted a letter of acceptance (LOA) from Proton on May 6, 2026, in relation to the supply contract.
It said the LOA is expected to generate approximately RM155 million in revenue for Automev Global over the LOA period and shall remain valid throughout the vehicle's model life, unless extended or earlier terminated in accordance with the terms and conditions of the LOA.
KHPT said Automev Global will manufacture and supply selected automotive structural components to support Proton’s vehicle production requirements.
It elaborated that the production will be carried out at the group’s existing manufacturing facility in Telok Panglima Garang, Selangor.
"This LOA reflects the group’s continued participation in the domestic automotive supply chain and reinforces its long-standing business relationship with Proton," it added.
Automev Global originally accepted the LOA from Proton on May 6, 2026.
Subsequently, on June 16, 2026, Proton's consent was obtained for the release of this announcement to the local bourse regarding the LOA.
-- BERNAMA