First Real Estate to lease 1,000 VinFast EVs in Da Nang
The real estate company First Real Estate will be leasing the fleet of 1,000 VinFast electric cars via the Green Future Trading and Service JSC, a car rental and used car business founded by Vingroup chairman Pham Nhat Vuong. A corresponding lease agreement was signed on Friday, three days after Green Future officially launched.
To launch the deal, First Real will receive 300 electric cars, before the remaining cars are “to be delivered in 2025 to serve tourists.” The fleet itself will be operated by two subsidiaries of First Real Estate: Viet An Group Joint Stock Company and Green Motion Joint Stock Company. The companies then further plan to work with “domestic and international travel agencies to expand the rental network and add new vehicle pickup and drop-off points.”
In addition to the car fleet, Vingroup vice-chairwoman Le Thi Thu Thuy said at a meeting in February that the Vingroup and the Da Nang administration will study and develop the Da Nang – Hue electric bus line to serve local residents and tourists.
VinFast has been ramping up efforts across Asia, most recently launching its entry into the Indian market, but also announced the construction of a 100,000-unit-spanning charging network in Indonesia via its subsidiary V-Green. A potential fleet deal was announced in Mexico last year as well. Meanwhile, VinFast is also heavily ramping up electric vehicle production at home.
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