Vietnamese automaker VinFast Auto has signed a distribution agreement with Jospong Group of Companies, Ghana’s leading multi-industry conglomerate, in Ghana and West African market.
Details
This deal marks the Vietnamese electric vehicle pioneer’s initial foray into the African market, solidifying its position as a frontrunner in the global shift towards sustainable transportation.
Under this agreement, Jospong will distribute VinFast’s entire range of vehicles, including electric cars, e-scooters, e-bikes, and electric buses, throughout Ghana and West Africa.
Jospong also plans to deploy public charging infrastructure across the country to support electric vehicle (EV) penetration.
Digging Deeper
Under the MOU, Vingroup and Jospong will work together to identify and pursue business opportunities in areas of mutual interest, including electric vehicles, taxi operations, public transportation solutions, education, hospitality, and real estate development.
What They’re Saying
“Vingroup’s commitment to a green revolution, particularly through their innovative electric vehicle ecosystem and VinFast’s diverse offerings, is truly inspiring. We are thrilled to partner with Vingroup and VinFast on their global journey, working together to build a more sustainable and beautiful future for all,” said Dr. Joseph Agyepong, Executive Chairman of Jospong Group.
Tran Viet Anh, representative of VinFast Global, shared that Ghana and West African electric vehicles market is poised to grow, and they are honored to be at the forefront of this revolution alongside a leading Ghanaian corporation.
“Together, we’re committed to building a sustainable future for Ghana by providing a comprehensive electric transportation ecosystem, from bicycles and cars to buses with flexible sales, ensuring everyone can join the clean transportation revolution,” he added.
Why This Matters
According to the statement, EV market in Ghana and West Africa boasts significant development potential due to ample room for growth and minimal competition.
Fueled by government support for achieving net-zero emissions in transportation, demand is forecast to surge rapidly.
It is noted that Ghana envisions a future by 2040 where a significant portion of gas stations will be repurposed to serve sustainable transportation options, like electric vehicles.
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