The Vietnamese startup VinFast has signed an agreement with Siemens to supply technology and components for the manufacture of electric buses. The first complete bus is expected to roll off the assembly line by the end of 2019.
Two contracts supporting as much were signed by Siemens Vietnam and the subsidiary of Vietnam’s largest private company, the Vingroup JSC. VinFast further plans to begin manufacturing electric motorcycles, electric vehicles and combustion vehicles in their Haiphong City facility.
In front of this backdrop, the development service provider EGAD received the order to develop the first electric vehicle specifically for the Vietnamese market. VinFast is planning to supply south east Asia with fully electric city vehicles. The first design for the vehicle was already presented by EGAD.
Recently, VinFast also struck an agreement with GM where GM signed over almost their entire business in Vietnam to VinFast. Now the startup is exclusively selling the Chevrolet models by GM in Vietnam, among other things.
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