HANOI — V-Green, an affiliate of Vingroup, has inked a memorandum of understanding with Egyptian conglomerate Prime Group to invest up to $1.2 billion over three years to install about 100,000 electric vehicle charging stations in Indonesia.
V-Green was launched in March by spinning off the EV charging business from the Vietnamese group’s EV maker VinFast. Vingroup founder Pham Nhat Vuong personally holds 90% stake in V-Green.
