Proton’s subsidiary, Proton New Energy Technology Sdn Bhd (PRO-NET), has announced a significant milestone in its green mobility initiative. Recently, it revealed securing RM200 million in financing from CIMB Bank Berhad (CIMB) to bolster its efforts in promoting electric vehicles (EVs) and the distribution of smart #1 premium EVs in Malaysia.
As the exclusive authorized importer and distributor of smart vehicles in Malaysia and Thailand, PRO-NET is leading the charge in introducing the smart #1, the inaugural model under its portfolio. Built on Geely’s Sustainable Electric Architecture (SEA) and styled by Mercedes-Benz, the smart #1 boasts cutting-edge technology and design. PRO-NET ensures a seamless experience for customers through its extensive ecosystem, comprising 13 dealer locations, aftersales services, and the user-friendly ‘Hello smart’ app, granting access to over 70% of the public charging network.
Beyond serving the market, PRO-NET is integral to fulfilling PROTON’s commitment to the electric vehicle agenda. It is poised to play a pivotal role in propelling the transition towards New Energy Vehicles (NEV) production and the Automotive High Tech Valley (AHTV) development in Tanjong Malim.
CIMB’s involvement signifies a strategic partnership aimed at promoting sustainable mobility across ASEAN. By offering a comprehensive suite of EV financial solutions, including preferential auto financing rates, insurance coverage, and exclusive privileges, CIMB facilitates the adoption of EVs and supports the shift towards sustainability. Committed to its sustainable finance target of RM100 billion by 2024 under the Group’s Green, Social, Sustainable Impact Products and Services (GSSIPS) Framework, CIMB demonstrates its dedication to driving innovation in sustainability.
