Cyberjaya, 21 June 2020 – Dagang NeXchange Berhad (“DNeX”), through wholly-owned subsidiary company Dagang Net Technologies Sdn Bhd, has signed a strategic collaboration agreement with Malaysia Automotive Robotics and IoT Institute (“MARii”) to jointly develop and operate a Web-based information system for used vehicles.

Called Sistem Maklumat Automotif Terpakai (“SMAT”), the system enables end users to search, retrieve and authenticate used vehicle data by keying in a specific identity reference number. Data provided can include such information as make of vehicle and model, country of manufacture, chassis number, engine and fuel type as well as date of original registration.

The system is expected to reduce information irregularities and improve trust between used vehicle buyers and sellers.

Under the agreement, the partnership also include commercial aspects of the project including engagement with used vehicle dealers or open approved permit holders in Malaysia, marketing and provision of a help desk or support for customers.

The agreement was formalised recently in Cyberjaya where Dagang Net was represented by Datuk Samsul Husin, Executive Deputy Chairman of DNeX and also Executive Chairman of Dagang Net while MARii was represented by Chief Executive Officer Dato' Ts Mohamad Madani Sahari.

“We are pleased to partner with MARii to introduce further digitalisation in business namely the used vehicle market in the country. We are confident that we can leverage on each other’s technological skills and business expertise to develop and offer a new service in this segment,” said Datuk Samsul Husin.

This initiative augurs well with the company’s pursuit of opportunities to help narrow the digitalisation gap across businesses in all sectors and organisations as well as introduce more services based on digital technology for end-users, he said.

MARii is an agency under the Ministry of International Trade and Industry. Serving as the focal point, coordination centre and think tank for the nation’s automotive industry, it functions to enhance technology, human capital, supply chain, market outreach and aftersales capabilities of all automotive stakeholders and ecosystems.

Datuk Samsul Husin, Executive Deputy Chairman of DNeX