# Aapico to invest RM140M in joint venture with PROTON for auto parts

Aapico plans to invest RM140 million in a collaboration with PROTON to produce automotive components, with an initial RM40 million investment into AVEE Global's facility and RM100 million planned for 2024.

- Type: Investment
- Announced: 2023-06-26
- Where: Malaysia
- Value: $30.0M (140.0M MYR)
- Status: announced
- Products: automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [AAPICO Hitech Public Company Limited](https://endata.com/companies/64663.md)
- [Proton](https://endata.com/companies/24490.md) (partner)
- [AVEE Global](https://endata.com/companies/71194.md) (partner)

## Sources

- [klhappenings.com](https://klhappenings.com/?p=863), 2023-07-03: "Aapico, Thailand’s largest auto parts company, plans to invest RM140 million in a collaboration with PROTON, Malaysia’s national carmaker, to produce automotive components."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.