“V-Green Signs Mou with Four Partners to Install 63,000 VinFast Charging Ports in Indonesia”

The event affirms the determination to expand VinFast’s electric vehicle ecosystem in Southeast Asia and underscores V-GREEN’s reputation and appeal among leading names in green transportation.

According to the agreement, V-GREEN and its partners – including Chargecore, Chargepoint, Amarta Group, and CVS – commit to investing a total of $300 million to develop charging infrastructure in Indonesia, focusing on provinces such as Jabodatebek, Bandung, Surabaya, Makassar, Medan, Batam, Bali, and Kalimantan. The projects will be initiated from May 2025, and the first charging stations will be operational by June.

In 2025, Chargecore plans to invest a minimum of $30 million. Chargepoint, Amarta Group, and CVS will distribute charging stations and each entity commits to investing $5.3 million per year. Regarding investment structure, V-GREEN directly invests in 20% of the charging stations, while the remaining 80% will be mobilized through the form of a business cooperation contract (BCC).

In Indonesia, V-GREEN has been operating based on the BCC model with reputable local partners since entering the market. V-GREEN aims to establish a particularly attractive investment mechanism for investors, including revenue sharing of 750 rupiah/kWh and a guaranteed profit rate of up to 25% per annum in the first 3 years of the contract. These collaborations not only help V-GREEN rapidly expand its electric vehicle charging network in Indonesia but also underscore the appeal and potential of green transportation in the archipelago.

“Collaborating with reputable partners in Indonesia is a significant step in V-GREEN’s strategy to develop a global electric vehicle charging network, especially to meet the growing demand in the Southeast Asian market,” said Mai Truong Giang, Executive Director of V-GREEN Indonesia. “V-GREEN believes that with the support of strategic partners, V-GREEN and VinFast will succeed in building a modern green transportation ecosystem, contributing to the region’s and the world’s sustainable development goals.”

“Chargecore is thrilled to partner with V-GREEN, a company with determination, commitment, and a well-planned strategy for developing electric vehicle charging infrastructure in the Indonesian market,” shared John Yan, Co-founder and CEO of Chargecore. “This collaboration not only brings business efficiency to Chargecore but also contributes to promoting green transportation trends in Indonesia, helping to remove barriers to local residents’ transition to electric vehicles and moving towards a more sustainable future.”

“Chargecore strongly believes in the potential of electric vehicle development in Indonesia, a market full of potential and undergoing a strong shift towards green transportation,” said Nguyen The Duy, CEO of Chargepoint. “As the official distributor of V-GREEN in Vietnam, Chargepoint is proud to continue accompanying the expansion of VinFast’s electric vehicle ecosystem in Southeast Asia, with Indonesia being our first destination. This clearly demonstrates the long-term commitment and regional vision of Vietnamese enterprises in the field of green transportation.”

The Global Charging Station Development Company V-GREEN was founded by VinFast founder, Mr. Pham Nhat Vuong. In Vietnam, V-GREEN has affirmed its pioneering position and capabilities by operating approximately 150,000 charging ports nationwide and continuously collaborating with multiple partners to expand its network.

Despite being new to Indonesia, V-GREEN has attracted the interest and trust of many international and local partners. The company aims to develop a total of 50,000 charging stations and 63,000 charging ports nationwide in 2025. Even in May, VinFast car owners in Indonesia were able to charge their vehicles for free at over 1,000 stations operated by V-GREEN, marking the beginning of its journey towards achieving its charging infrastructure development goals in this market.

TH (Tuoitrethudo)