VinFast cooperates with PV Oil for electric car's charging stations
The move is part of VinFast`s plan to establish 30,000 - 50,000 charging stations and battery leasing nationwide.
VinFast, the automobile subsidiary of Vietnam's largest privately-run conglomerate Vingroup, on October 25 signed a memorandum of understanding with PetroVietnam Oil (PV Oil) to build charging stations and lease battery for its electric cars and scooters, Vingroup said in a statement.
The move is part of VinFast's plan to establish 30,000 - 50,000 charging stations and battery leasing nationwide.
In the first phase, PV Oil will provide 600 of its service stations for VinFast to deploy charging stations, which is expected to increase 20,000 by 2020.
VinFast customers will be able to charge their vehicles or change their batteries at these stations.
The cooperation is VinFast's first step of introducing its smart electric scooters by the end of 2018 and later electric cars.
"Since the very beginning, VinFast has had strategy to develop a comprehensive ecosystem for our electric vehicles, including electric cars and scooters, such as charging and battery leasing stations," said Nguyen Viet Quang, CEO of Vingroup, in a statement.
With a 20-22% market share, PVOIL is the second largest petroleum distributor in the country after Vietnam National Petroleum Group (Petrolimex). The firm operates a network of 540 gas stations nationwide under the company-owned company-operated (COCO) model and 3,000 gas stations under the dealer-owned dealer-operated (DODO) model.
VinFast, which aims to become Vietnam's first domestic car manufacturer, plans to have its first production models built under its own badge hit the streets next August. Vingroup has earmarked about US$3.5 billion for the project.
From a standing start, VinFast will have the capacity to produce 250,000 cars annually in the next five years or so, equivalent to 92% of all the cars sold in Vietnam last year, according to data collated by the Vietnam Automobile Manufacturers' Association (VAMA).
VinFast caught the worldwide attention when the company presented its first two models of LUX A2.0 and LUX SA2.0 at the Paris Motor Show on October 2 with the appearance of ex-football player David Beckham.
Overview of the signing ceremony. Source: Vingroup.
|
In the first phase, PV Oil will provide 600 of its service stations for VinFast to deploy charging stations, which is expected to increase 20,000 by 2020.
VinFast customers will be able to charge their vehicles or change their batteries at these stations.
The cooperation is VinFast's first step of introducing its smart electric scooters by the end of 2018 and later electric cars.
"Since the very beginning, VinFast has had strategy to develop a comprehensive ecosystem for our electric vehicles, including electric cars and scooters, such as charging and battery leasing stations," said Nguyen Viet Quang, CEO of Vingroup, in a statement.
With a 20-22% market share, PVOIL is the second largest petroleum distributor in the country after Vietnam National Petroleum Group (Petrolimex). The firm operates a network of 540 gas stations nationwide under the company-owned company-operated (COCO) model and 3,000 gas stations under the dealer-owned dealer-operated (DODO) model.
VinFast, which aims to become Vietnam's first domestic car manufacturer, plans to have its first production models built under its own badge hit the streets next August. Vingroup has earmarked about US$3.5 billion for the project.
From a standing start, VinFast will have the capacity to produce 250,000 cars annually in the next five years or so, equivalent to 92% of all the cars sold in Vietnam last year, according to data collated by the Vietnam Automobile Manufacturers' Association (VAMA).
VinFast caught the worldwide attention when the company presented its first two models of LUX A2.0 and LUX SA2.0 at the Paris Motor Show on October 2 with the appearance of ex-football player David Beckham.
18:45, 2024/11/28
Vietnam, Hesse (Germany) promote high-tech cooperation
Bilateral trade between Vietnam and Hesse has reached around EUR1 billion (US$1.05 billion) annually, accounting for one-tenth of total trade between Vietnam and Germany.
15:34, 2024/11/27
Big discounts on offer at Hanoi's November Promotion Festival
The event is part of the Hanoi Concentrated Promotion Program 2024, held in May, July, and November, attracting up to 2,000 businesses.
17:23, 2024/11/26
Hanoi unveils 150 most popular Vietnamese products and services for 2024
The "Most Popular Vietnamese Products" voting program is part of the city's broader efforts to encourage the consumption of local goods.
16:50, 2024/11/23
Hanoi hosts the Vietnam Regional Specialties Fair 2024
This year's fair will contribute to the promotion of trade and the expansion of typical regional products, especially agricultural and food products that meet export standards.
14:06, 2024/11/20
Hanoi strengthens export competitiveness and trade protection measures
Hanoi will work with the Ministry of Industry and Trade to ensure that businesses and manufacturers are ready for new challenges.
10:49, 2024/11/16
US reiterates Vietnam is not manipulating currency
The US Treasury Department’s positive evaluation underscores Vietnam’s progress in balancing its economic and monetary policies while fostering strong bilateral relations with the US.
- Vietnam, Brazil: Building bridges through shared history and new partnerships
- Hanoi to attract tourists by showcasing local specialties at wholesale markets
- National E-commerce Week, Vietnam Online Shopping Day 2024 set to kick off
- Vietnamese goods in rising demand among Hanoi residents
- Hanoi unveils 2024 rural industrial plans
- Hanoi advances supporting industries for hi-tech services