Pro-Net secures RM200 million partnership with CIMB for smart vehicle import and distribution

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Taking significant strides towards stability, fostering growth, and enhancing market presence, Proton New Energy Technology Sdn Bhd (Pro-Net), a wholly-owned subsidiary of Perusahaan Otomobil Nasional Sdn Bhd, is poised for transformative impact. 

Proton New Energy Technology Sdn Bhd (Pro-Net), a fully owned subsidiary of Perusahaan Otomobil Nasional Sdn Bhd, has taken a significant step to ensure stability, foster growth, and enhance its market presence. They recently announced securing RM200 million in financing from CIMB Bank Berhad.

These funds are designated to support their green mobility initiative and facilitate the importation and distribution of the smart #1 EV within the Malaysian market.

PRO-NET holds the exclusive authorization as the importer and distributor of smart vehicles in Malaysia and Thailand, focusing primarily on the smart #1 model for now, with additional models planned for the future.

Operating through a comprehensive ecosystem spanning 13 dealer locations and offering aftersales services, PRO-NET provides a holistic electric mobility solution. Moreover, their user-friendly digital app, 'Hello smart,' grants access to over 70% of the public charging network, enhancing convenience for customers. This approach underscores PRO-NET's commitment to delivering not only electric vehicles but also ensuring a robust customer service experience.

Additionally, the company is entrusted with fulfilling PROTON's commitment to its electric vehicle agenda, positioning itself as a key player in driving the transition towards the production of New Energy Vehicles (NEV). Moreover, it is poised to play a pivotal role in the development of the Automotive High Tech Valley (AHTV) located in Tanjong Malim.

On the other hand, CIMB offers a variety of solutions tailored for the consumer electric vehicle (EV) segment. They have introduced a comprehensive suite of EV financial solutions aimed at promoting the adoption of EVs and aiding the transition towards sustainable mobility throughout ASEAN. These solutions encompass preferential auto financing rates, insurance coverage, and a selection of exclusive privileges, addressing consumer needs across all aspects of owning an EV.

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