Vietnamese electric automobile manufacturer VinFast and French state-controlled power group Électricité de France (EDF) signed a Memorandum of Understanding (MoU) on cooperation to install vehicle charging stations in France at the presence of Prime Minister Pham Minh Chinh.
VinFast Manufacturing and Trading Co., Ltd and Gotion High-Tech Co., Ltd. (China) signed a Memorandum of Understanding on cooperation in research and production of LFP battery cells for VinFast electric vehicles.
The Ministry of Finance has proposed that registration fees for electric vehicles should be half those for gasoline vehicles with the same number of seats to boost the consumption of environmentally friendly cars.
Two new subsidiaries under the Vietnamese conglomerate VinGroup – the VinES Energy Solutions JSC (VinES) and VinAI Artificial Intelligence Application and Research JSC (VinAI) – have been established with charter capital of VND1,000 billion (US$43.68 million) and VND425 billion, respectively.