Kuala Lumpur, April 23, 2025 – In a bold step toward promoting eco-friendly transportation in Malaysia, BYD Malaysia Sdn Bhd – the official distributor for DENZA vehicles – has signed a Memorandum of Understanding (MOU) with Malayan Banking Berhad (Maybank). The agreement marks the beginning of a strategic collaboration to enhance financing accessibility and drive the adoption of electric vehicles (EVs) nationwide.
The MOU signing ceremony was attended by Mr. Eagle Zhao, Managing Director of BYD Malaysia, and Mr. Zolkefli Bin Awang, Head of Consumer Finance, Maybank Community Financial Services (Malaysia), symbolizing a shared commitment to advancing sustainable mobility in the country.
Preferred Financing Partner for DENZA EVs
Under this new partnership, Maybank has been appointed as a preferred financier for DENZA. Customers will enjoy access to tailored financing solutions, including the bank’s exclusive Accelerated Repayment Package with competitive rates starting from as low as 1.75%*.
Additionally, Maybank is introducing a fast-tracked approval process specifically for DENZA financing applications—reducing wait times and delivering a smoother, more efficient customer experience.
“We are excited to partner with Maybank as an appointed panel bank to provide DENZA customers with exclusive, affordable financing options,” said Mr. Eagle Zhao. “With Maybank’s competitive financing solutions and streamlined approval process, this partnership makes it easier than ever for Malaysians to make the switch to sustainable electric vehicles.”
Driving Malaysia’s Green Agenda
The collaboration aligns with both organizations’ long-term sustainability goals, with an emphasis on reducing emissions and fostering the growth of Malaysia’s electric vehicle market. By combining DENZA’s cutting-edge EV technology with Maybank’s flexible financial offerings, the partnership aims to make EV ownership more accessible to the public.
Syed Ahmad Taufik Albar, Group CEO of Community Financial Services at Maybank, commented:
“We are delighted to be a preferred financier for DENZA electric vehicles in Malaysia. This collaboration reflects Maybank’s unwavering commitment to advancing sustainable mobility – including reducing emissions from passenger vehicle financing and accelerating EV adoption – while reinforcing our ambition to become the sustainability leader across ASEAN.”
Beyond Financing: Awareness and Advocacy
Beyond offering enhanced financial solutions, BYD Malaysia and Maybank will also collaborate on a series of joint initiatives, including exclusive events and marketing campaigns, aimed at educating the public about the benefits of electric vehicles and encouraging broader adoption.
This partnership represents a pivotal move in Malaysia’s green transition, setting the stage for more collaborative efforts that support the nation’s environmental and climate goals.