VinFast and Durango Drivers’ Union sign strategic MOU on the green transition of public transport in Mexico | 04.11.24

HANOI, VIETNAM – Media OutReach Newswire – November 4, 2024 – VinFast and the Durango Drivers’ Union in Mexico have signed a Memorandum of Understanding (MOU) to work together on the green transition of public transport, including THe potential purchase of 3,000 electric cars from VF 5 and 300 electric buses by DurangO Operating Drivers’ UnionN in Mexico. This strategic partnership underlines the growing global interest in VinFast’s electric vehicles and highlights their ability to meet the changing needs of diverse markets.

Under the agreement, both parties will negotiate the sale of VF 5 electric vehicles and electric buses to the Union of Drivers and Associates of Durango, a member of the Confederation of Mexico Workers (CTM) for public passenger transportation in Durango City, replacing the current gasoline fleet.

In addition, VinFast and its subsidiary V-Green and CTM will collaborate to study, establish, install and/or operate charging infrastructure for electric vehicles and electric buses in Durango, creating a convenient and comprehensive charging network that meets the needs of both individuals – as public transport vehicles.

This collaboration will contribute to the greening of transportation and the development of the EV ecosystem in Durango City and throughout Mexico. Replacing the gasoline fleet with electric vehicles will significantly reduce CO2 emissions, while the Durango Drivers’ Union will also help save on operating costs and create new jobs through the installation and operation of the charging system.

VinFast, a subsidiary of Vingroup, Vietnam’s leading private conglomerate, offers a full range of electric vehicles, from cars and buses to scooters and bicycles. Their compact e-SUV VF 5 is a popular choice for both individual drivers and taxi companies due to its good price, reliability, beautiful design and smart technologies. VinFast’s electric buses are designed with versatile capacities and options, with safety and the latest technology paramount. These vehicles, along with others from VinFast’s range, have been adopted by several transport companies across Vietnam and are playing a crucial role in familiarizing the public with electric vehicles and promoting a greener transport landscape.

Ms. Pham Thuy Linh, Deputy CEO at VinFast, said: “We are impressed by the strong commitment of the State of Durango and CTM to a green transition. This shared vision for a sustainable future fits perfectly with VinFast’s core values. With our high-quality electric vehicles and our connectedS‘ s expertise taxi company and charging infrastructure, we are confident in our ability to… State of Durango in realizing their vision and creating a lasting impact on the state and the broader Mexican landscape.”

Mr. Juan Erik Mercado Rangel, on behalf of Mr. Ricardo Fidel Pacheco Rodríguez, Secretary General, and Mr. Juan Pedro Mercado Gallegos, Deputy Secretary General of the Durango Drivers’ Union, noted: “We are happy to partner with VinFast, a global EV brand vehicles, their green mobility ecosystem, as well as them great vision and spirit of partnership really impressed us. CTM believes that this collaboration not only paves the way for improved transportation services, but also puts us at the forefront of the global shift to sustainable mobility.”

Although still in its early stages, the Mexican electric vehicle market is experiencing a rapid revival. The country’s potential for electric vehicle adoption is significant, and the Mexican government is exploring incentives to further boost the sector.

As a global brand for electric vehicles, VinFast is at the forefront of solutions and collaborations aimed at promoting the greening of transportation worldwide. Recently, in September 2024, VinFast marked a major milestone by becoming the first EV car brand to achieve the highest sales in Vietnam, establishing its presence with a wide range of EV models in the US, Canada, France, Germany, The Netherlands, Indonesia and the Philippines.
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About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with a mission to make EVs accessible to everyone. VinFast’s product range today includes a wide range of electric SUVs, e-scooters and e-buses. VinFast is currently embarking on its next phase of growth by rapidly expanding its distribution and dealer network worldwide and increasing its manufacturing capabilities with a focus on key markets in North America, Europe and Asia. More information can be found at: https://vinfastauto.com/vn_en

About CTM

The Union of Drivers and Workers of the CTM in Durango, founded on August 8, 1932, is one of the city’s major players in public transportation. It currently operates approximately 65% ​​of transport concessions, with a fleet of more than 300 buses and 5,000 taxis, along with additional services such as staff, school and tourist transport, meeting a wide range of mobility needs within the region. As a member of the Confederation of Mexican Workers (CTM), the country’s largest labor organization, the Union is committed to securing workers’ rights and promoting fair working conditions within the transportation sector.

The Union is developing an innovative business model aimed at purchasing 100% electric vehicles for fleet renewal. This project aims to modernize service delivery, reduce carbon emissions and support Durango’s commitment to the environment, in line with global trends toward the electrification of transportation.

News source: VinFast