VinFast Founder Introduced its own Charging Brand By CIOTechOutlook Team

VinFast Founder Introduced its own Charging Brand

CIOTechOutlook Team | Monday, 18 March 2024, 11:11 IST

VinFast Founder introduced its own EV charging station organization, V-Green, which he said would focus on supporting VinFast vehicles worldwide. V-Green, of which extremely rich person Pham Nhat Vuong holds the majority stake, will work as a worldwide partner, initiating the production of an extensive charging network, he added.

"V-Green will directly search for land and partners to establish and expand its charging network in key markets of VinFast," Vuong said.

VinFast, established by Vuong in 2017 and appeared on the Nasdaq the previous year, has added it would extend to something like 50 nations in 2024. In Vietnam, V-Green will be liable for working and dealing with VinFast's current charging organization and will consider extending charging services to other EV producers following five years of activity.

He mentioned that it would allocate about $404 million in the following two years on new outlets and overhauls for the charging organization. In the previous year, Vuong established an EV taxi administrator, Green SM, representing 72% of VinFast's 2023 deals.

VinFast Auto Ltd. is a Vietnam-based worldwide automotive firm established by Vingroup, one of the biggest confidential combinations in Vietnam that Pham Nhat Vuong established. Laid out in 2017 in Haiphong, it is the principal Vietnamese vehicle brand that has ventured into worldwide business sectors. It is the first to venture into delivering electric vehicles (EVs) like electric vehicles and electric bikes.