Dutch, Malay venture to build all-electric cars

Four-door will be exported to U.S., Europe; priced at $23,000 to $33,000

PUTRAJAYA, Malaysia – Malaysia’s national car maker Proton and a Dutch company signed a $555 million deal Monday to make zero emission electric cars that they said would be more powerful than any existing model.

Proton and Detroit Electric, a startup company that owns the technology, signed the agreement in the presence of Malaysian Prime Minister Abdullah Ahmad Badawi to produce the sedan cars, initially targeted for Europe and the U.S.
“We have the audacity to bring to the people an affordable, practical, everyday car … with zero emission,” Detroit Electric Holdings Ltd. Chief Executive Albert Lam said in a speech.

The four-door vehicle will roll out of Proton’s factory by early next year, Lam told The Associated Press in an interview.

MSNBC