VinFast Trading and Production Co., Ltd. of Vietnam has signed two contracts with Siemens Vietnam, a subsidiary of Siemens, to provide technology and parts supply for electric buses in Vietnam.
Vinfast cooperates of Vietnam with Siemens to manufacture electric buses
As a subsidiary of Vingroup, Vietnam's largest private conglomerate, VinFast said the deal will enable the company to launch its first electric bus by the end of 2019.
“Electric buses are an important part of a sustainable urban public transport system,” said Pham Thai Lai, President and CEO of Siemens Vietnam.
VinFast will also produce electric motorcycles, electric cars, and petrol vehicles in its factory, who owns $1.5 billion, which is placed in Haiphong city.
In June of this year, GM agreed to transfer its Vietnamese business to VinFast, and VinFast will also exclusively distribute GM's Chevrolet in Vietnam.
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Reprinted from www.cableabc.com