VINFAST AND DURANGO DRIVERS' UNION SIGN STRATEGIC MOU ON GREEN TRANSITION OF PUBLIC TRANSPORT IN MEXICO
VinFast and the Durango Drivers' Union in Mexico signed an MOU for potential purchase of 3,000 VF 5 electric cars and 300 electric buses for public transport in Durango City. The agreement includes collaboration with V-Green to develop charging infrastructure. The initiative aims to replace current gasoline-powered fleet, reduce CO2 emissions, and create new jobs through charging system operations. The partnership highlights VinFast's expanding global presence, following its achievement as the top-selling EV brand in Vietnam and its expansion into multiple international markets including the US, Canada, and European countries.
VinFast e il Sindacato dei Conducenti di Durango in Messico hanno firmato un MOU per un potenziale acquisto di 3.000 auto elettriche VF 5 e 300 autobus elettrici per il trasporto pubblico nella città di Durango. L'accordo include una collaborazione con V-Green per sviluppare un'infrastruttura di ricarica. L'iniziativa mira a sostituire l'attuale flotta alimentata a benzina, ridurre le emissioni di CO2 e creare nuovi posti di lavoro attraverso le operazioni del sistema di ricarica. La partnership mette in evidenza l'espansione della presenza globale di VinFast, dopo il suo successo come marchio di veicoli elettrici più venduto in Vietnam e la sua espansione in diversi mercati internazionali, tra cui Stati Uniti, Canada e paesi europei.
VinFast y el Sindicato de Conductores de Durango en México firmaron un MOU para la posible compra de 3.000 coches eléctricos VF 5 y 300 autobuses eléctricos para el transporte público en la ciudad de Durango. El acuerdo incluye colaboración con V-Green para desarrollar la infraestructura de carga. La iniciativa tiene como objetivo reemplazar la actual flota de gasolina, reducir las emisiones de CO2 y crear nuevos empleos a través de las operaciones del sistema de carga. La asociación destaca la creciente presencia global de VinFast, tras su éxito como la marca de vehículos eléctricos más vendida en Vietnam y su expansión en múltiples mercados internacionales, incluidos EE. UU., Canadá y países europeos.
빈패스트와 멕시코 두란고 운전사 노조는 3,000 대 VF 5 전기차와 300 대 전기버스를 두란고 시 공공 교통을 위해 구매할 가능성이 있는 양해각서를 체결했습니다. 이 협약은 V-Green과 협력하여 충전 인프라를 개발하는 내용을 포함합니다. 이 이니셔티브는 현재의 가솔린 차량을 대체하고 CO2 배출을 줄이며 충전 시스템 운영을 통해 새로운 일자리를 창출하는 것을 목표로 합니다. 이 파트너십은 빈패스트의 세계적인 존재 확대를 강조하며, 베트남에서 가장 많이 팔리는 EV 브랜드로서의 성과와 미국, 캐나다 및 유럽 여러 나라로의 확장을 따릅니다.
VinFast et le Syndicat des Conducteurs de Durango au Mexique ont signé un protocole d'accord (MOU) pour l'achat potentiel de 3 000 voitures électriques VF 5 et 300 bus électriques pour le transport public dans la ville de Durango. L'accord inclut une collaboration avec V-Green pour développer l'infrastructure de recharge. L'initiative vise à remplacer la flotte actuelle alimentée à l'essence, à réduire les émissions de CO2 et à créer de nouveaux emplois grâce aux opérations du système de recharge. Ce partenariat met en lumière l'expansion de la présence mondiale de VinFast, après son succès en tant que marque de véhicules électriques la plus vendue au Vietnam et son expansion sur plusieurs marchés internationaux, y compris les États-Unis, le Canada et les pays européens.
VinFast und die Fahrergewerkschaft in Durango, Mexiko, haben ein MOU zum potenziellen Kauf von 3.000 VF 5 Elektroautos und 300 Elektrobussen für den öffentlichen Verkehr in der Stadt Durango unterzeichnet. Die Vereinbarung beinhaltet eine Zusammenarbeit mit V-Green zum Ausbau der Ladeinfrastruktur. Die Initiative zielt darauf ab, die aktuelle benzinbetriebene Flotte zu ersetzen, CO2-Emissionen zu reduzieren und durch den Betrieb des Ladesystems neue Arbeitsplätze zu schaffen. Die Partnerschaft hebt das wachsende globale Engagement von VinFast hervor, nach dem erfolgreichen Bestehen als meistverkaufte EV-Marke in Vietnam und der Expansion in mehrere internationale Märkte, einschließlich der USA, Kanada und europäischen Ländern.
- Potential large-scale order of 3,000 VF 5 electric cars and 300 electric buses
- Strategic entry into Mexican market through public transport sector
- Additional revenue opportunity through charging infrastructure development
- Achievement as top-selling EV brand in Vietnam
- Successful expansion into multiple international markets
- MOU is non-binding and only indicates potential purchase
- Mexican EV market still in early stages with uncertain growth
Insights
This MOU with Mexico's Durango Drivers' Union represents a significant potential expansion for VinFast, targeting 3,000 VF 5 electric cars and 300 electric buses. While the agreement is non-binding, it signals VinFast's strategic push into Latin America's emerging EV market. The deal's structure includes both vehicle sales and charging infrastructure development through V-Green, creating a comprehensive ecosystem approach.
The Mexican market timing is strategic, as the country's EV adoption is accelerating with government support. For VinFast, success in Mexico could open doors to broader Latin American expansion. The focus on fleet sales to unions and transportation organizations reduces sales uncertainty and provides stable revenue streams. However, execution risks remain, including infrastructure development challenges and competition from established automakers in Mexico.
Under the agreement, both parties will negotiate the sale of VF 5 electric vehicles and electric buses to the Union of Drivers and Related Workers of Durango, a member of the Confederation of Mexico Workers (CTM) for public passenger transport in Durango City, replacing the current gasoline-powered fleet.
Additionally, VinFast and its affiliate, V-Green, and CTM will collaborate in studying, setting up, installing, and/or operating charging infrastructure for electric vehicles and electric buses in Durango, creating a convenient and extensive charging network to meet the needs of both personal and public transport vehicles.
This cooperation will contribute to the greening of transportation and the development of the EV ecosystem in Durango City and across
A subsidiary of Vingroup, the leading private conglomerate in
Ms. Pham Thuy Linh, Deputy CEO at VinFast, stated: "We are impressed by the
Mr. Juan Erik Mercado Rangel, on behalf of Mr. Ricardo Fidel Pacheco Rodríguez, General Secretary, and Mr. Juan Pedro Mercado Gallegos, Deputy General Secretary of the Durango Drivers' Union, remarked: "We are thrilled to collaborate with VinFast, a global EV brand. Their vehicles, their green mobility eco-system, as well as their grand vision and spirit of partnership have truly impressed us. CTM believes that this collaboration not only paves the way for enhanced transportation services but also positions us at the forefront of the global shift toward sustainable mobility."
While still at an early stage,
As a global electric vehicle brand, VinFast is at the forefront of solutions and collaborations aimed at promoting the greening of transportation worldwide. Recently, in September 2024, VinFast marked a significant milestone by becoming the first EV car brand to top sales in
About VinFast
VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of
About CTM
The Union of Drivers and Workers of the CTM in Durango, founded on August 8, 1932, is one of the city's key players in public transportation. Currently, it operates around
The Union is developing an innovative business model aimed at acquiring
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SOURCE Vinfast Auto LLC
FAQ
How many VF 5 electric cars will VinFast potentially sell to Durango Drivers' Union?
What is the scope of VinFast's charging infrastructure plan in Durango?
When did VinFast become the top-selling EV brand in Vietnam?
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