Collaboration Between Philippines’ Renowned SM Group & Fengquan

Key Negotiations & Agreements:

• Signed a partnership agreementwith SM Group on theelectric jeepney leasing business model.

• Discussed joint promotionofcharging station projectsto support EV infrastructure.

• Advancing public transport commercializationthrough innovative mobility solutions.

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• SM Group

• SM Group – One of the Philippines' "Big Three" Conglomerates

  Core Business Verticals:

  • Real Estate Development(via SM Prime Holdings, Southeast Asia’s largest property developer)

  • Banking & Finance(BDO Unibank – Philippines’ #1 bank by assets)

  • Logistics & Commercial Operations(80+ SM Malls nationwide, serving as integrated business hubs)

  • Hospitality & Convention Centers(e.g., Conrad Manila, SMX Convention Centers)

  • Leveraging SM Mall's nationwide commercial complexes across the Philippines as a strategic platform to jointly advance renewable energy initiatives.