HANOI,
Vietnam, Nov. 4, 2024 /PRNewswire/ -- VinFast
and the Durango Drivers' Union in Mexico signed a Memorandum
of Understanding (MOU) to collaborate on the green transition of
public transport, including the
potential purchase of 3,000 VF 5 electric cars
and 300 electric buses by
Durango Driver's Union for
operation in Mexico. This strategic
partnership underscores the growing global interest in VinFast's
electric vehicles, highlighting their ability to meet the evolving
needs of diverse markets.
Under the agreement, both parties will negotiate the sale of VF
5 electric vehicles and electric buses to the Union of Drivers and
Related Workers of Durango, a member of the Confederation of Mexico
Workers (CTM) for public passenger transport in Durango City,
replacing the current gasoline-powered fleet.
Additionally, VinFast and its affiliate, V-Green, and CTM
will collaborate in studying, setting up, installing, and/or
operating charging infrastructure for electric vehicles and
electric buses in Durango, creating a convenient and extensive
charging network to meet the needs of both personal and public
transport vehicles.
This cooperation will contribute to the greening of
transportation and the development of the EV ecosystem in Durango
City and across Mexico. Replacing
the gasoline fleet with electric vehicles will significantly reduce
CO2 emissions, while also helping the Durango Drivers' Union save
on operating costs and create new jobs through the installation and
operation of the charging system.
A subsidiary of Vingroup, the leading private conglomerate in
Vietnam, VinFast offers a full
range of electric vehicles, from cars and buses to scooters and
bikes. Their compact e-SUV VF 5 is a popular choice for both
individual drivers and taxi fleets due to its good value,
reliability, nice design, smart technologies. VinFast's electric
buses are designed with versatile capacities and options,
prioritizing safety with the latest technology. These vehicles,
along with others in VinFast's lineup, have been adopted by
various transportation companies throughout Vietnam, playing a crucial role in
familiarizing the public with EVs and promoting a greener
transportation landscape.
Ms. Pham Thuy Linh, Deputy CEO
at VinFast, stated: "We are impressed by
the State of Durango and CTM's
strong commitment to a green transition. This shared vision for a
sustainable future aligns perfectly with VinFast's core values.
With our high-quality electric vehicles and our
affiliates' s expertise
in taxi operation and charging infrastructure,
we are confident in our ability to support the State of
Durango in realizing their vision, creating a lasting impact on
the state and the broader Mexican landscape."
Mr. Juan Erik Mercado
Rangel, on behalf of Mr. Ricardo Fidel Pacheco
Rodríguez, General Secretary, and Mr. Juan Pedro Mercado Gallegos, Deputy General
Secretary of the Durango Drivers' Union, remarked: "We
are thrilled to collaborate with VinFast, a global EV brand.
Their vehicles, their green mobility
eco-system, as well as their grand vision and spirit
of partnership have truly impressed us. CTM
believes that this collaboration not only paves the way for
enhanced transportation services but also positions us at the
forefront of the global shift toward sustainable mobility."
While still at an early stage, Mexico's electric vehicle market is
experiencing a rapid uptick. The country's potential for EV
adoption is significant, and the Mexican government is exploring
incentives to further stimulate the sector.
As a global electric vehicle brand, VinFast is at the forefront
of solutions and collaborations aimed at promoting the greening of
transportation worldwide. Recently, in September 2024, VinFast marked a significant
milestone by becoming the first EV car brand to top sales in
Vietnam, establishing its presence
with a diverse range of EV models in the U.S., Canada, France, Germany, the
Netherlands, Indonesia, and
the Philippines.
About VinFast
VinFast (NASDAQ: VFS), a subsidiary of
Vingroup JSC, one of Vietnam's
largest conglomerates, is a pure-play electric vehicle ("EV")
manufacturer with the mission of making EVs accessible to everyone.
VinFast's product lineup today includes a wide range of electric
SUVs, e-scooters, and e-buses. VinFast is currently embarking on
its next growth phase through rapid expansion of its distribution
and dealership network globally and increasing its manufacturing
capacities with a focus on key markets across North America, Europe and Asia. Learn more at:
https://vinfastauto.com/vn_en
About CTM
The Union of Drivers and Workers of the CTM
in Durango, founded on August 8,
1932, is one of the city's key players in public
transportation. Currently, it operates around 65% of the
transportation concessions, with a fleet exceeding 300 buses and
5,000 taxis, along with additional services such as personnel,
school, and tourist transportation, thus meeting a wide range of
mobility needs within the region. As a member of the
Confederation of Mexican Workers (CTM), the country's largest labor
organization, the Union is dedicated to securing workers' rights
and promoting fair working conditions within the transport
sector.
The Union is developing an innovative business model aimed at
acquiring 100% electric vehicles for fleet renewal. This project
seeks to modernize the service, reduce carbon emissions, and
support Durango's environmental commitment, aligning with global
trends toward the electrification of transportation.
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SOURCE Vinfast Auto LLC
