V-GREEN, a subsidiary of Vingroup focused on electric vehicle charging infrastructure, has signed memoranda of understanding with Chargecore, Chargepoint, Amarta Group and CVS to install approximately 63,999 charging points dedicated exclusively to VinFast vehicles in Indonesia by the end of 2025.
According to the statement, this figure more than doubles the company’s original target.
The project involves a joint investment of USD 300 million and will cover key regions such as Jabodetabek, Bandung, Surabaya, Makassar, Medan, Batam, Bali and Kalimantan.
Implementation is scheduled to begin in May 2025, with the first chargers to be operational by June.
As part of the plan, Chargecore will invest at least USD 30 million in 2025, while Chargepoint, Amarta Group and CVS have each committed to annual investments of around USD 5.3 million.
V-GREEN will directly fund 20% of the infrastructure, with the remaining 80% developed through Business Cooperation Contracts (BCCs).
In Indonesia, V-GREEN operates under a Public-Private Partnership (PPP) model called CCC, collaborating with well-established local firms.
The company offers attractive investment conditions, including a fixed electricity tariff of 750 IDR/kWh and an annual return of up to 25% for the first three years.
The strategic partnerships are intended to accelerate the rollout of the charging network and address increasing demand in the green mobility sector.
“This partnership with leading Indonesian firms marks a major milestone in our global EV charging network strategy,” stated Mai Truong Giang, General Director of V-GREEN Indonesia.
Founded by Pham Nhât Vuong, who also established VinFast, V-GREEN already operates around 150,000 charging points in Vietnam.
In Indonesia, it aims to deploy 50,000 chargers, representing 63,999 individual charging points by the end of 2025.
Since May, VinFast owners can already access 1,000 charging points operated by V-GREEN free of charge.
VinFast currently offers four electric vehicle models in Indonesia — VF 3, VF 5, VF 6 and VF e34 — introduced just over a year after entering the market.
The rapid expansion of V-GREEN’s network aims to meet growing demand, improve user experience and increase VinFast’s market share in Southeast Asia’s largest automotive market.
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