Skip to main content

PROTON Holdings Berhad

Company History

PROTON History: Founding, Growth & Key Milestones

Founded 1983 in Shah Alam, Selangor, Malaysia

When was PROTON founded?

PROTON was founded in 1983 in Shah Alam, Selangor, Malaysia by Tun Dr. Mahathir Mohamad, making it 43 years old.

Founded
1983
Founding place
Shah Alam, Selangor, Malaysia
Founders
Tun Dr. Mahathir Mohamad
Headquarters today
Shah Alam, Selangor, Malaysia
Milestones documented
11 (1983–2026)
Current CEO
Dr. Li Chunrong
Acquisitions
4
YearEvent
1983Proton founded as Malaysia's National Car Project
1985First Proton Saga launched
1988Kenji Iwabuchi becomes managing director
1996Majority stake in Lotus acquired
2007Persona Launched
2012DRB-HICOM takes Proton private
2017Geely buys 49.9%
2018Proton X70 launched
2025Production consolidated at Tanjong Malim; first EV plant opens
2025Dato' Ir. Abdul Rashid Musa becomes CEO
2026Best domestic month in company history
Where was PROTON founded?
PROTON was founded in Shah Alam, Selangor, Malaysia in 1983.
Who founded PROTON?
PROTON was founded by Tun Dr. Mahathir Mohamad.
When did PROTON start?
PROTON was founded in 1983.
How old is PROTON?
PROTON is 43 years old as of 2026.

Founding Story

Proton was created in 1983 as Malaysia's National Car Project, a joint effort between state-owned HICOM and Japan's Mitsubishi Motors and Mitsubishi Corporation. Its first car, the Saga, rolled out in 1985 from a plant in Shah Alam, using Mitsubishi Lancer Fiore underpinnings, and quickly dominated domestic sales under tariff protection.

Founders

Tun Dr. Mahathir Mohamad

Tun Dr. Mahathir Mohamad launched the National Car Project in 1983 as part of his heavy-industry policy, partnering state-owned HICOM with Mitsubishi to create Proton. He drove the first Saga at its 1985 launch, championed the company for decades and later served as Proton's chairman from 2014 until 2016. (Exact birth year remains publicly undisclosed).

Key Milestones

1983

Proton founded as Malaysia's National Car Project

Incorporated on 7 May 1983 by HICOM with Mitsubishi as technology partner.

Source: en.wikipedia.org
1985

First Proton Saga launched

The Mitsubishi-based Saga began production in Shah Alam.

Source: en.wikipedia.org
1988

Kenji Iwabuchi becomes managing director

Kenji Iwabuchi became managing director of PROTON Holdings Berhad in 1988. Chief executive of PROTON Holdings Berhad from 1988 to 1993.

Source: en.wikipedia.org
1996

Majority stake in Lotus acquired

Proton bought control of British sports-car maker Lotus.

Source: en.wikipedia.org
2007

Persona Launched

Proton launched the Persona saloon in 2007.

Source: en.wikipedia.org
2012

DRB-HICOM takes Proton private

DRB-HICOM bought Khazanah Nasional's stake and delisted Proton.

Source: en.wikipedia.org
2017

Geely buys 49.9%

Geely acquired 49.9% of Proton; Dr. Li Chunrong became CEO in October 2017.

Source: en.wikipedia.org
2018

Proton X70 launched

The first Geely-based Proton SUV started the brand's sales recovery.

Source: en.wikipedia.org
2025

Production consolidated at Tanjong Malim; first EV plant opens

Malaysia's first dedicated EV assembly plant opened in September 2025 and Shah Alam production ended on 30 September.

Source: proton.com
2025

Dato' Ir. Abdul Rashid Musa becomes CEO

Dato' Ir. Abdul Rashid Musa became CEO of PROTON Holdings Berhad in 2025. Rejoined Proton as Deputy CEO from 1 November 2025, reporting to Dr.

Source: proton.com
2026

Best domestic month in company history

August 2026 group sales reached 22,632 units, lifting January-August sales to 141,421 (+40.2%).

Source: proton.com

Major Acquisitions

Lotus Group

1996

Bought a controlling stake in the British sports-car maker and engineering consultancy for chassis and powertrain expertise.

MV Agusta

2004

Took a majority stake in the Italian motorcycle maker.

Standard Notes

2024

End-to-end encrypted note-taking application.

SimpleLogin

2022

Email alias and anti-spam protection.

Keep researching PROTON

PROTON Company History FAQ

What are the major historical milestones in the evolution of PROTON?

Key milestones include founding in 1983, the first Saga in 1985, the Lotus purchase in 1996, the Tanjong Malim plant in the 2000s, DRB-HICOM's 2012 privatisation, Geely's 49.9% investment in 2017, the X70 in 2018, the e.MAS brand in 2024 and consolidation at Tanjong Malim in 2025.

How did PROTON become a surprise success in the United Kingdom in the late 1980s and 1990s?

Proton entered the UK in 1989 with a Mitsubishi-based Saga marketed as an affordable, well-equipped family car, and built a loyal following there in its early years.

What was the Proton Waja launched in 2000 and why was it historically important?

Launched in May 2000, the Proton Waja was the first vehicle featuring a chassis engineered and styled locally in Malaysia by PROTON engineers (in collaboration with Lotus), marking a key transition away from rebadged Mitsubishi models.

How did the development of the CamPro engine mark a milestone for Malaysian engineering?

In 2004, PROTON unveiled the CamPro engine, co-developed with Lotus Engineering in Hethel, UK. The CamPro engine powered a generation of Proton models (Gen-2, Satria Neo, Persona, Prevé), establishing indigenous powertrain manufacturing in Malaysia.

What led to PROTON's financial struggles between 2005 and 2016?

During the 2000s and 2010s, PROTON faced intensifying competition from Perodua, tariff reductions under ASEAN Free Trade Agreements (AFTA) that allowed cheap Japanese imports, high fixed R&D costs, and fragmented product platforms, resulting in declining domestic market share and operational losses.

How did the 2017 Geely partnership rescue and revitalize PROTON?

The 2017 transaction provided PROTON with modern vehicle platforms, high-efficiency turbocharged engines, advanced safety electronics, capital injection, and disciplined executive management, sparking a dramatic renaissance in build quality, consumer confidence, and sales volume.

When did Proton stop making cars in Shah Alam?

Proton ended 40 years of Shah Alam production on 30 September 2025, moving about 1,400 employees to its Tanjong Malim plant.

What is PROTON's strategic vision for the next era of Malaysian automotive mobility?

Proton is focused on e.MAS EVs and PHEVs, its own AMA platform, higher exports and Geely contract assembly at Tanjong Malim.

When and where was Proton founded?

Proton (Perusahaan Otomobil Nasional) was founded on May 7, 1983, in Shah Alam, Selangor, Malaysia, as the flagship initiative of Malaysia’s National Car Project spearheaded by Prime Minister Dr. Mahathir Mohamad.

What was Proton’s first production vehicle?

Proton launched the Proton Saga in July 1985, developed in technical partnership with Mitsubishi Motors and based on the Mitsubishi Lancer Fiore platform, becoming an instant national symbol of Malaysian industrialization.

What was Proton’s relationship with Lotus Cars?

In 1996, Proton acquired a majority stake in legendary British sports car manufacturer Lotus Cars, leveraging Lotus ride-and-handling engineering across its production sedans and hatchbacks before selling Lotus to Geely and Etika Automotive in 2017.

Why did Proton form a strategic partnership with Geely in 2017?

Faced with declining domestic market share, mounting financial losses, and heavy R&D costs, parent company DRB-HICOM sold a 49.9% stake in Proton to China’s Zhejiang Geely Holding Group in 2017 to inject capital, advanced modular platforms, and modern engine technology.

How did the Proton X70 spark the company’s turnaround?

Launched in December 2018 as Proton’s first SUV based on the Geely Boyue platform, the X70 introduced voice-activated connectivity and luxury styling at accessible price points, breaking sales records and revitalizing Proton’s brand equity.

What is the significance of the Tanjung Malim manufacturing plant?

Proton shifted its primary manufacturing hub from Shah Alam to Tanjung Malim, Perak (dubbed "Automotive High-Tech Valley" or AHTV), creating a state-of-the-art production base capable of building next-generation hybrid and electric vehicles.

When did Proton launch its electric vehicle sub-brand?

In 2024, Proton launched "e.MAS", its dedicated new energy and electric vehicle sub-brand, debuting the Proton e.MAS 7 as Malaysia’s first homegrown all-electric SUV.

How did Proton perform in export markets historically?

In the late 1980s and 1990s, Proton achieved notable export success in the United Kingdom, Singapore, and Australia, and under Geely has re-established export growth across Southeast Asia, South Africa, and the Middle East.

Related Companies

Compare PROTON Holdings Berhad History With Competitors

Related Strategic History

Compare founding milestones and corporate evolution

Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.