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V-GREEN and Prime Group have signed a Memorandum of Understanding (MoU) to establish a robust network of VinFast electric vehicle (EV) charging stations across Indonesia. This collaboration underscores the growing global confidence in VinFast’s mission to advance sustainable transportation. With a shared vision for green mobility, the partnership plans to develop 100,000 charging stations within the next three years, backed by a projected investment of $1.2 billion USD.
Key Highlights
- Strategic Focus Areas: Initial deployment in Jakarta, Surabaya, Bali, and surrounding regions, with plans for nationwide expansion.
- Timeline: Development to begin in January 2025, with operational stations expected within the year.
- Prime Group’s Role: Providing funding support for the extensive EV infrastructure.
- V-GREEN’s Contribution: Conducting market research, identifying key locations, and managing station operations.
- Broader Impact: Strengthening VinFast’s presence in Indonesia, a key market in Southeast Asia’s EV sector.
Comprehensive Collaboration for Sustainable Mobility
Prime Group, leveraging its financial strength and expertise across various industries, will secure funding for the project. As a diversified conglomerate, Prime Group sees this partnership as an opportunity to explore further global markets, with future expansion planned for the Middle East, Europe, the United Kingdom, and the United States.
V-GREEN, spun off from VinFast’s charging station development arm, is spearheading efforts to create an integrated EV ecosystem. Guided by its founder, Mr. Pham Nhat Vuong, V-GREEN’s mission aligns with fostering a green ecosystem to accelerate the electric transportation revolution.
Visionary Leadership Drives Partnership
Mr. Tamer Wagih Salem, Chairman of Prime Group, emphasized the collaboration’s potential, stating:
“Together, we will create exceptional value for society and the global community.”
Mr. Nguyen Thanh Duong, CEO of V-GREEN, added:
“This collaboration will yield significant benefits for both our companies, consumers, and the community.”
Driving EV Growth in Indonesia
Since launching in Indonesia, VinFast has introduced two EV models, the VF e34 and VF 5, and is actively expanding its dealership network. The establishment of an assembly plant in Subang, West Java, marks a significant step toward enhancing production capabilities to meet the region’s growing demand for EVs.
About VinFast and Prime Group
VinFast (NASDAQ: VFS) is committed to making EVs accessible globally, offering a wide range of vehicles and focusing on expansion across North America, Europe, and Asia. Prime Group, a diversified conglomerate established in 1995, operates across various industries, fostering international partnerships with a strong emphasis on sustainability and innovation.
This partnership not only accelerates VinFast’s market penetration in Indonesia but also underscores the transformative potential of sustainable mobility solutions globally.
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