V-Green to deploy 63,000 charging ports for Vinfast in Indonesia
V-Green, the global electric vehicle charging developer founded by VinFast’s Pham Nhat Vuong, has signed Memoranda of Understanding with four strategic partners to deploy approximately 63,000 EV charging ports across Indonesia by the end of 2025. The rollout, targeted exclusively at VinFast electric vehicles, more than doubles the company’s previously announced target and represents a projected investment of $300 million.
The newly signed partners – Chargecore, Chargepoint, Amarta Group, and CVS – will focus their infrastructure rollout on key provinces, including Jabodetabek, Bandung, Surabaya, Makassar, Medan, Batam, Bali, and Kalimantan. The first projects will begin in May 2025, with initial charging stations due to come online in June.
Chargecore alone has committed at least $30 million to the initiative in 2025, while the other three partners will serve as distribution and investment arms, each contributing around $5.3 million annually. V-Green will directly invest in 20% of the sites, with the remaining 80% executed through business cooperation contracts (BCCs), a model already in use since the company entered the Indonesian market.
V-Green’s growth strategy in Indonesia hinges on local partnerships and attractive investor terms, including a guaranteed 25% annual return during the first three years and a power purchase rate of 750 rupiah/kWh. These commercial terms have drawn strong interest from domestic and international stakeholders, reflecting Indonesia’s growing appeal as a green transport market.
The deployment also strengthens the rapidly expanding VinFast ecosystem in the region. The Vietnamese automaker has introduced four EV models – VF 3, VF 5, VF 6, and VF e34 – in Indonesia within just over a year of market entry. Supporting this momentum, V-Green has pledged to offer free charging for VinFast users at 1,000 of its stations starting in May 2025.
According to V-Green’s Indonesian Managing Director Mai Truong Giang, the partnerships mark a decisive step in building a modern EV infrastructure network aligned with the region’s sustainable development goals. “Partnering with reputable companies in Indonesia marks a significant step in our global EV charging network strategy, especially as we respond to growing demand across Southeast Asia,” he said.
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