PV Power to Build First Electric Vehicle Charging Station in Hanoi
PV Power, the Vietnam Petroleum Power Corporation, has announced its plans to invest in and construct a pilot electric vehicle charging station in Ba Dinh, Hanoi. The company has signed an agreement with EN Technologies Inc. to collaborate on researching and developing charging systems in Vietnam.
The fast DC charging station will have a total power capacity of 100-120kW, depending on its location, and will occupy an area of 30-35 square meters. The charging station is designed as a compact, upright cabinet with a display screen that shows the charging power, allowing users to monitor the process. Payment for charging electric vehicles will be made convenient through QR code scanning.
The total investment cost for this project is estimated to be over VND 1.8 billion. Charging fees will be calculated based on estimated charging volume and a three-tier pricing structure, with the average price expected to be around VND 3,858 per kWh. This pricing is equivalent to the rates offered by VinFast and significantly lower than some other providers in the market.
PV Power recognizes that investing in and providing charging infrastructure for electric vehicles presents new business opportunities and aligns with the company’s future development strategy. The construction of this pilot station is the first step towards expanding the number, location, and capacity of charging stations nationwide.
Developing electric vehicle charging infrastructure will also encourage foreign electric vehicle manufacturers to invest more aggressively in Vietnam, promoting diversity and advancing the government’s shared goals.
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