Vingroup Chair Introduces EV Taxi and Rental Services

The Highlights:

• The chairman of VinFast, Pham Nhat Vuong, has founded a business that would use VinFast electric cars and scooters for rental and taxi services.
• Along with operating its own services, GSM will also provide vehicles to businesses that provide conventional and online taxi services.
• The first 45 of the 999 VF 8 City Edition units VinFast agreed to ship to the US have been delivered successfully despite several obstacles and delays.

VinFast's chairman, Pham Nhat Vuong, has established a company that will deploy VinFast electric vehicles and scooters for rental and taxi services.

The company is known as Green and Smart Mobility Joint Stock Company (GSM), and Vuong owns 95% ownership in it. It has a charter capital of US$125.7 million.

In addition to running its own services, GSM will also supply vehicles to companies that offer traditional and online taxi services. During its initial activities, GSM would be given access to 10,000 vehicles and 100,000 motorcycles.

The business will start operations in Hanoi the following month, and then it will spread across all of Vietnam.

Out of the 999 VF 8 City Edition units VinFast committed to send to the US, the first 45 have been delivered successfully after a number of setbacks and delays.

Because it intends to establish a production plant in North Carolina and file for an IPO, the corporation appears to be optimistic about the North American continent. Yet due to a restructuring, it recently reduced its personnel in the US

Adapted from TechInAsia