Vietnamese automaker VinFast has on Thursday announced that it has signed a Memorandum of Understanding (MoU) with three Indonesian business clients to provide 600 electric vehicles (EV) for their corporate fleets.

The MOU, which was signed at the Indonesia International Motor Show (IIMS) 2024, where VinFast had earlier introduced a complete lineup of right-hand drive electric vehicles, opens up an avenue for the Vietnamese EV maker to tap into the strong potential of the local market, as well as promote the green transportation development in the region, VinFast said in a statement.

Under the terms of MoU, VinFast will provide 600 EVs to three Jakarta-based companies, PT. Energi Mandiri Bumi Pertiwi, PT. Sumber Amarta Jaya and PT. Teknologi Karya Digital Nusa Tbk.

The first two EV models in A & B-sports utility vehicle (SUV) segments that are opened for order, and soon to be launched on the Indonesian market, will serve the companies’ goal of expanding their respective corporate fleets, and cultivate the growth potential of the local green mobility industry.

According to the statement, VinFast’s expansion into Indonesia represents a strategic enhancement of its global presence and distribution network, bolstering its position in the global EV industry.

By entering one of Southeast Asia’s largest EV markets, with its dynamic economic prospects and plentiful resources, VinFast is laying robust foundations for its development and expansion globally.

It is noted that at the IIMS 2024, VinFast captured the interest of thousands of visitors and received hundreds of reservations from individual consumers.

Following its market debut, the orders from corporate clients strongly demonstrates VinFast’s credibility in the Indonesian market.

“VinFast is honored to be the selected supplier for our esteemed corporate clients, PT. Energi Mandiri Bumi Pertiwi, PT. Sumber Amarta Jaya and PT. Teknologi Karya Digital Nusa Tbk.

“This MoU reflects not only the great potential of the EV market in Indonesia, but also VinFast’s competitiveness on the international market. We are committed to constantly making innovative efforts to support Indonesian customers on their journey towards sustainable mobility for a green future for everyone,” said Tran Quoc Huy, Chief Executive Officer of VinFast Indonesia.

Thomas Agung Utomo, Chief Executive Officer of PT. Energy Mandiri Bumi Pertiwi, said they highly valued VinFast’s green vision and its contribution to electrifying the global transportation market.

“VinFast is also a reputed electric vehicle supplier, offering a diverse product range along with outstanding after-sales policies,

“These are the key drivers in our collective efforts to make electric mobility a preferred choice for everyone and steer toward a future of sustainable transportation in Indonesia and the region,” he added.

Established in 2017, VinFast is a member of Vingroup owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.

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