Image Source: CNET
Economic Times reported that, VinFast Trading and Production LLC has signed two contracts with Siemens Vietnam, a unit of Siemens AG, for the supply of technology and components to manufacture electric buses in the Southeast Asian country.
VinFast, a unit of Vietnam’s biggest private conglomerate, Vingroup JSC, said on Monday the deals will enable it to launch the first electric bus by the end of 2019.
Mr Pham Thai Lai Siemens Vietnam President and CEO said in the statement that, “Electric buses are an essential element of sustainable urban public transportation systems.”
VinFast will also produce electric motorcycles, electric cars and gasoline cars from its USD 1.5-billion factory being built in Haiphong City, it said.
In June, General Motors Co agreed to transfer its Vietnamese operation to VinFast, which will also exclusively distribute GM’s Chevrolet cars in Vietnam.
Source : Economic Times