On December 23, 2024, V-GREEN and PT Xanh SM Green and Smart Mobility Indonesia (Xanh SM Indonesia) announced a Memorandum of Understanding (MoU) with Lippo Karawaci, Indonesia’s leading real estate developer.
Leveraging Lippo’s reputation, experience, and extensive real estate network, V-GREEN and Xanh SM Indonesia aim to bring their green ecosystem closer to the Indonesian people, thereby strongly promoting the electric transportation revolution in the region.
Per the agreement, the three parties will collaborate on research and actively discuss expanding the electric vehicle ecosystem and fostering a green transition in Indonesia. Their joint efforts include constructing and operating V-GREEN electric vehicle charging stations and Xanh SM Indonesia taxi stands at real estate projects developed by Lippo.
V-GREEN, Xanh SM Indonesia, and Lippo will also discuss potential investment and business models for future collaboration. The parties commit to supporting promotional, sales, and marketing programs related to the agreement to boost Indonesia’s sustainable development according to ESG standards.
Mr. Marlo Budiman, President of Lippo Karawaci, shared, “Lippo Karawaci is proud to be one of the first strategic partners of V-GREEN and Xanh SM Indonesia in their journey to drive the green transition in Indonesia. Lippo believes in the importance of adopting ESG standards in business operations. Lippo Karawaci values V-GREEN’s capabilities in deploying charging infrastructure and hopes to contribute to a sustainable transportation ecosystem, bringing practical benefits to the Indonesian people and building a green future for all.”
Mr. Nguyen Thanh Duong, CEO of V-GREEN, affirmed, “With this strategic collaboration, Lippo’s vast real estate network will provide a solid foundation for V-GREEN in developing electric vehicle charging infrastructure. Together, V-GREEN will establish a comprehensive green transportation ecosystem seamlessly integrated into the daily lives of Indonesians. This significant partnership plays a pivotal role in realizing the ‘For a Green Future’ mission that we, alongside VinFast and Xanh SM Indonesia, are striving towards in Indonesia.”
Mr. Nguyen Van Thanh, Global CEO of GSM, shared, “Indonesia is witnessing a growing demand for green and smart mobility solutions. GSM sees this as a tremendous opportunity to fulfill its mission of pioneering the region’s electric transportation revolution. By signing the MoU through Xanh SM Indonesia, GSM aims not only to provide convenient mobility experiences for Indonesians but also to build a comprehensive electric vehicle ecosystem, contributing to a sustainable future for Indonesia and the region.”
Under the leadership of founder Pham Nhat Vuong, V-GREEN, VinFast, and Xanh SM have formed a complete ecosystem with a pioneering mission in the field of electric transportation. Indonesia is a crucial market in the global strategy of this ecosystem, where the trio aims to build a sustainable transportation network.
To materialize this goal, V-GREEN has signed a strategic MoU with the diversified conglomerate Prime Group through its subsidiary in the UAE. The agreement aims to develop approximately 100,000 VinFast electric vehicle charging stations in Indonesia over the next three years, with a total expected investment of up to $1.2 billion.
Meanwhile, at its recent inauguration in Indonesia, Xanh SM Indonesia signed agreements with nine prominent partners in banking, telecommunications, real estate, and retail.
Since its official brand launch in Indonesia, VinFast has delivered the VF e34 and VF 5 models, continuously expanded its dealer network, introduced attractive sales policies, and inaugurated an assembly plant in Subang, West Java, as part of its efforts to strengthen its global production capabilities.
TH (Tuoitrethudo)
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