10:35 | 07/11/2018 Companies
VinFast, a subsidiary of the multi-sector conglomerate Vingroup, and the PetroVietnam Oil Corporation (PV Oil) on October 25 signed a memorandum of understanding on cooperation to implement a system of stations for charging electric vehicles and leasing batteries.
|VinFast and PV Oil sign the memorandum of understanding on cooperation in Hanoi - Photo: VinFast|
Under this deal, VinFast will initially install charging equipment at 600 gas stations of PV Oil nationwide. The number of such stations will be increased to 20,000 by 2020.
At PV Oil stations, VinFast will flexibly provide services to meet customers’ demand, including quick charging, overnight charging, and leasing batteries.
PV Oil is one of the leading petrol retailers in Vietnam with its outlets present in all 63 provinces and cities.
The partnership with PV Oil is said to be an important step towards debuting VinFast’s electric motorbikes in late 2018 and electric cars in the future.
General Director of Vingroup Nguyen Viet Quang said this cooperation is the first step to set up 30,000 – 50,000 charging and battery leasing stations of VinFast nationwide in the near future. VinFast will continue seeking prestigious partners with location advantages to expand this network.
Earlier, the company also sought resellers for its electric scooters.