|VinGroup and Bosch signed a Memorandum of Understanding in Hanoi on October 12 under which Bosch will become a supplier of the VINFAST project.
VinGroup and Bosch signed in Hanoi on October 12 a Memorandum of Understanding which noted down the German-based group’s commitments to providing its Vietnamese partner with automotive parts and software and other software for design, virtual interaction, and customer development.
The two groups will together develop global cutting-edge technologies for VINFAST to produce car models with advanced functions and bring outstanding experience to customers.
The MoU includes Bosch providing smart campus solutions for Vietnam’s first automobile manufacturing complex, namely safety solution, smart security, connected mobility and connected industry.
Invested by Vinfast manufacturing and trade company - an affiliate of Vingroup – the 335-hectare complex is expected to roll out a five-seater sedan model, a seven-seater sports utility vehicle model and an electric motorbike meeting European standards during the first stage.
The designed capacity is estimated at 100,000 – 200,000 vehicles per year. Its first product in the next 12 month will be electric motorbike model while automobiles will be made in the next 24 months.
Bosch will also help VINFAST establish a German-standard human resources training centre to develop skilled workers capable of operating advanced manufacturing lines and receiving transfer of technological know-how from other countries