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Signing MoU Of PT MAB With Surya Artha Nusantara Finance (SANF)

Jakarta, Indonesia - January 2024

PT Mobil Anak Bangsa (“MAB”), as a manufacturer in the field of commercial electric vehicles, especially electric buses, announced the signing of a Memorandum of Understanding (“MOU”) with PT Surya Artha Nusantara Finance (“SANF”) on December 27 2023, a company leading vehicle financing in the country. The MOU was signed ceremonially by the Main Director of MAB, Mr. Kelik Irwantono & Marketing & Business Development Head of SANF, Mr. Mithondho.

The signing of this MOU underlines the commitment of both parties to encourage innovation and accessibility in the field of electric vehicles. Kelik Irwantono, President Director of MAB, expressed his optimism regarding this collaboration, considering its potential to make electric vehicles more accessible to a wider market. By leveraging each other's strengths, MAB and SANF's strategic partnership will complement the electric vehicle ecosystem in Indonesia as well as encourage sustainable practices and contribute to the evolution of environmentally friendly transportation.

By utilizing SANF's expertise in credit services, it is hoped that it can increase the financing alternatives available to potential MAB customers. MAB and SANF are dedicated to providing MAB customers with easy and efficient access to leasing financing options. This initiative aims to empower consumers by offering flexible and convenient financial solutions, thereby accelerating the adoption of electric vehicles in the market.

The collaboration between PT MAB and SANF is proof of the companies' shared vision of a cleaner and more environmentally friendly future, as well as dedication in revolutionizing the Electric vehicle industry towards creating a more environmentally responsible and technologically advanced automotive ecosystem.

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