Pham Nhat Vuong, the founder of Vietnamese electric vehicle (EV) maker VinFast, has announced the launch of a new EV charging stations company called V-Green. Vuong, a billionaire, stated that V-Green would prioritize supporting VinFast vehicles globally and operate as a global partner, leading the development of a comprehensive charging network.
“V-Green will directly search for land and partners to establish and expand its charging network in key markets of VinFast,” Vuong said in a statement.
VinFast, founded by Vuong in 2017 and listed on the Nasdaq last year, has ambitious plans to expand to at least 50 countries in 2024.
In Vietnam, V-Green will manage VinFast’s existing charging network and consider extending charging services to other EV manufacturers after five years of operation. Vuong revealed that V-Green would invest approximately $404 million over the next two years in new outlets and upgrades for the charging network.
Last year, Vuong also founded an EV taxi operator called Green SM, which contributed to 72% of VinFast’s sales in 2023.
