Business

Vinfast, Siemens sign deals for electric bus manufacturing

Vinfast Manufacturing and Trading Company Limited, a subsidiary of Vingroup, has signed two contracts on the supply of technology and spare parts for electric bus manufacturing with Siemens Vietnam Company. 

Scene at the ceremony (Source: cafebiz.vn)

Scene at the ceremony (Source: cafebiz.vn)

They are key deals to begin the process of building a value chain for eco-friendly public transportation vehicles manufacturing. 

The first line of electric buses is expected to debut in late 2019. 

Vinfast is also developing other eco-friendly personal vehicles such as electric motorbikes and automobiles, and autos (sedan, SUV) that run on petrol meeting Euro 5 emission standards. 

Vo Quang Hue, Deputy General Director of Vingroup in charge of Vinfast project, said the deals reflect Vinfast’s commitment to churning out safe, convenient and high-quality electric buses for a green future of the Vietnamese people, adding that it will be a pioneering solution to changing public transportation in the country. 

Nearly one year since its establishment, Vinfast has completed a series of important agreements with international partners to materialise its vision. 

Earlier, Vingroup also chose Siemens as a partner for the supply of technological solutions to building digital enterprises, build a system to monitor vehicles’ life cycle and operate Vinfast factory amidst the fourth industrial revolution.

Vietnamplus

Other news