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HANOI – The founding father of Vietnamese electrical automobile maker VinFast on Monday launched an EV charging station firm, V-Inexperienced, which he stated will prioritize assist of VinFast autos globally.
V-Inexperienced, during which billionaire Pham Nhat Vuong has a 90% stake, will function a worldwide associate whereas main the development of a complete charging community, he stated in a press release.
“V-Inexperienced will immediately search land and companions to ascertain and increase its charging community in VinFast’s key markets,” Vuong stated.
VinFast, which Vuong based in 2017 and debuted on Nasdaq final yr, has stated it can increase to a minimum of 50 international locations in 2024.
In Vietnam, V-Inexperienced shall be answerable for the operation and administration of VinFast's present charging community and can contemplate increasing charging companies to different EV producers after 5 years of operation.
He stated it could spend about $404 million over the subsequent two years on new shops and charging community upgrades.
Final yr, Vuong based Inexperienced SM, an EV taxi operator, which is able to account for 72% of VinFast's 2023 gross sales.