Vingroup launches Green SM service in Laos with 1,000 Vinfast EVs

[Viet]

VinFast cabs for Laos

While Green SM will initially focus on offering electric taxis, GSM mentions electric vehicle leases and services like package car rental, travel and personalised car rental in today’s statement.

GSM stands for Green and Smart Mobility Joint Stock Company and is a newcomer. Vingroup Chairman Pham Nhat Vuong founded the business in March 2023 to promote green mobility by using VinFast electric cars and scooters for rental services.

One month later, in April 2023, GSM launched its first electric taxi service in Hanoi, Vietnam. After six months on the market, GSM claims to have reached six million rides.

By the end of 2023, Green SM says it will expand its operations to 27 out of 63 provinces and cities in Vietnam, boasting a fleet of 30,000 electric taxis and over 90,000 electric scooters, before venturing into other ASEAN markets.

Commenting on today’s launch in neighbouring Laos, Vinfast considers it a “milestone in its development journey towards becoming a leading regional and global ride-hailing service”.

Mr. Nguyen Van Thanh, CEO of GSM, also called Laos “an ideal starting point for GSM to expand internationally. After Laos, GSM continues to expand its operations to other countries as part of its commitment to fostering a green future for all. Additionally, GSM has set the goal to promote Vietnamese electric vehicles to global consumers.”

The manufacturer aims to offer its vehicles in up to 50 global markets and countries by the end of 2024.

This year, Vinfast reported 10,027 electric car deliveries between July and September, reaching a five-digit figure for the first time. The targets include deliveries of 40,000 to 50,000 cars in the current financial year. Order books for the VF 6 are due to open in the home market on 20 October, with the launch of the VF 7 and VF 3 models to follow in 2024.

Vingroup launches Green SM service in Laos with 1,000 Vinfast EVs - electrive.com

While Green SM will initially focus on offering electric taxis, GSM mentions electric vehicle leases and services like package car rental, travel and personalised car rental in

www.electrive.com

 

[S10]

Doomed to fail

 

[Viet]

EV taxi, lease services

 

[S10]

Maybe they should stick to intimidating dissatisfied customers:

Vietnam's VinFast reports customer to police after 'untrue' YouTube complaints

Vietnamese car maker VinFast has reported one of its customers to the police over comments he made on YouTube about the quality of his car.

www.reuters.com

There is no road to profitability for this company. 97% of stocks is owned by 1 guy in Vietnam, so that's an automatic red flag.