Electric Vehicles

The French company is working with the country’s largest private conglomerate, Vingroup, to support digital transformation for its VinFast and Vinhomes businesses.

By partnering with IRONMAN, VinFast seizes the opportunity to widely promote itself in global markets as well as inspire consumers to use electric vehicles.

Vietnamese electric-vehicle maker VinFast has signed agreements with Credit Suisse and Citigroup to raise $4 billion globally to fund its Carolina-based EV plant.

The partnership with ProLogium will enable VinFast to expand its global operations.

It is part of VinFast’s roadmap towards the goal of installing 150,000 chargers across the country this year.

The collaboration is part of a continued effort from Vingroup to work with global top-tier suppliers who can aid with manufacturing development, smart services, and electric vehicle initiatives.

The lack of charging infrastructure in public places and traveling distances remain barriers to the use of electric vehicles among Vietnamese and Southeast Asian consumers.

Israel is expected to be an ideal market for the Vietnamese automaker to promote its electric vehicle business.

The move is aimed at promoting the use of more environmentally-friendly car models in Vietnam.