Vietnamese carmaker VinFast has opened two stores in Europe marking its foray into the continent. In a separate development, US-based STACK Infrastructure has extended its partnership with asset manager ESR after announcing a joint venture to develop a data centre campus in Osaka.
VinFast drives into Europe
Vietnamese electric carmaker VinFast has officially opened its first two stores in Cologne, Germany and Paris, France marking its presence in the European market, according to a release.
A network of stores across Europe will soon be launched in Marseille, Rennes, Montpellier, and Metz (France), and Amsterdam, Den Haag, and Rotterdam (The Netherlands) as per the statement.
VinFast Cologne in Germany and VinFast Madeleine in France will focus on product display and sales of the Pininfarina-designed VF8 and VF9 models.
Established in 2017, VinFast is Vietnam’s first domestic car company and electric passenger vehicle manufacturer. It is a subsidiary of Vingroup Joint Stock Company, Vietnam’s largest private enterprise.
STACK-ESR JV to build a data centre in Japan
US-based data centre company STACK infrastructure and Hong Kong-based real estate company ESR Group have announced a joint venture to develop a 72 MW data centre campus in Osaka, according to a release.
Construction of the first of three buildings will commence in 2023 and will be ready for service by 2025, as per the statement. The facility will be operated under the STACK brand and further expands STACK and ESR’s APAC partnership, which currently includes a 48 MW data centre development in Incheon, Korea.
“ESR’s strong regional development capability in Tier 1 data centre markets ensures we are well-positioned to continue to aggressively develop data centre facilities across the Asia Pacific,” said Diarmid Massey, CEO of ESR Data Centres. “Our partnership with STACK enables us to leverage our respective strengths to target hyperscale customer growth in key markets.”