HANOI — The founding father of Vietnamese electrical automobile maker VinFast on Monday launched an EV charging stations firm, V-Inexperienced, which he mentioned would prioritize supporting VinFast autos globally.
V-Inexperienced, of which billionaire Pham Nhat Vuong holds a 90% stake, will function as a worldwide companion, spearheading the creation of a complete charging community, he mentioned a press release.
“V-Green will directly search for land and partners to establish and expand its charging network in key markets of VinFast,” Vuong mentioned.
VinFast, which was based by Vuong in 2017 and debuted on the Nasdaq final 12 months, has mentioned it will increase to a minimum of 50 nations in 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.
It might spend about $404 million within the subsequent two years on new retailers and upgrades for the charging community, he mentioned.
Final 12 months, Vuong based a EV taxi operator, Inexperienced SM, which accounted for 72% of VinFast’s 2023 gross sales.