KUALA LUMPUR: Public Bank Bhd and Proton New Energy Technology Sdn Bhd (Pro-Net) have signed a Memorandum of Collaboration for financing facilities.
Pro-Net is an exclusive authorized importer and distributor for smart vehicles in Malaysia and Thailand.
The initial offering for the Malaysian market is the award-winning smart #1.
The collaboration will enable Public Bank to facilitate online submission of hire purchase end-financing applications, and a Floor Stocking facility through the smart customer app and the brand's authorised dealers.
“Supporting the growth of the New Energy Vehicles (NEV) has always been a key pillar to our climate agenda. The bank had mobilised over RM30 billion in domestic NEV financing by the end of 2022, representing 52% of the bank's total domestic hire purchase financing portfolio. To signify the bank’s commitment, the NEV lending target had now been increased to RM33 billion by 2025," said Tan Sri Dr Tay Ah Lek, managing director and CEO of Public Bank.
Pro-Net CEO Zhang Qiang said, "Pro-Net is making remarkable progress in developing a smart Malaysia customers' app, set to offer an exceptional range of eco-services, including convenient online loan applications and seamless charging information capabilities. Our goal is to ensure transparency on the transaction, enhance efficiency, and speed throughout their journey with the smart brand".
Pro-Net board member Roslan Abdullah said, "By collaborating with Public Bank, our aim is to streamline the purchasing process and provide a hassle-free and reshaping customer digital experience. Innovation and customer-centricity are deeply ingrained in Pro-Net and smart's DNA, with a commitment to continually offer premium solutions and co-create a better future with their valued customers".
Roslan added, “As the first EV brand to collaborate with Public Bank, smart is leading the way in pioneering a transformation of the banking industry’s digital landscape.”
