©Reuters. File picture: VinFast CEO Le Thi Thu Thuy speaks with Vingroup founder and chairman Pham Nhat Vuong at a VinFast occasion in Nha Trang, Vietnam, on April 9, 2022. Photographed on April 9, 2022.REUTERS/Kevin Krolicki/File Picture
HANOI (Reuters) – The founding father of Vietnamese electrical automotive maker VinFast (NASDAQ:) mentioned on Monday it will launch EV charging station firm V Inexperienced and prioritize supporting VinFast automobiles around the globe.
V-Inexperienced, which is 90% owned by billionaire Pham Nhat Vuong, will act as a world associate and spearhead the development of a complete charging community, he mentioned in an announcement.
“V-Inexperienced will straight search land and companions to determine and develop charging networks in VinFast's key markets,” Vuong mentioned.
Based by Vuong in 2017 and listed on the Nasdaq final yr, VinFast introduced it will develop to no less than 50 international locations by 2024.
In Vietnam, V-Inexperienced will likely be answerable for working and managing VinFast's current charging community and can contemplate increasing charging companies to different EV producers after 5 years of operation.
He mentioned the corporate plans to spend about $404 million over the subsequent two years on new electrical shops and charging community upgrades.
Vuong based EV taxi operator GreenSM final yr, which accounted for 72% of VinFast's 2023 gross sales.
