VinFast announces partnership with Jospong Group to distribute electric cars, e-scooters, and e-bikes in Africa
Date: 2024-03-18
VinFast Auto, Vietnam's
leading private multi-industry conglomerate and parent company of VinFast has signed a distribution agreement with Jospong Group of Companies,
Ghana's leading multi-industry conglomerate, in Ghana and the West African market.
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 will also plan to deploy public charging
infrastructure across the country to support EV penetration. This collaboration
with one of West Africa's leading conglomerates strengthens VinFast's
commitment to delivering green and smart transportation solutions to customers
worldwide, while also allowing the company to tap into the promising potential
of the African electric vehicle market.
Jospong Group operates across 14 different
sectors with a network of over 60 companies. The group has a strong presence in
industries like automobile, waste management, ICT, and banking.
In addition to the announced distribution
agreement, Vingroup, Vietnam's leading private multi-industry conglomerate and
parent company of VinFast, has signed a Memorandum of Understanding (MoU) with
Jospong Group. 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.
Dr. Joseph Agyepong, Executive Chairman of Jospong Group, stated, "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."
Mr. Tran Viet Anh, representative of VinFast Global shared: "Ghana and
West African electric vehicles market is poised to grow, and we're 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."
The electric vehicle 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. Ghana
envisions a future by 2040 where a significant portion of gas stations will be
repurposed to serve sustainable transportation options, like electric vehicles.
This cooperation with Jospong Group presents a
significant opportunity for Vingroup and VinFast to rapidly solidify their
position in the region's electric vehicle market and establish themselves as
leaders in the broader sustainable transportation industry.By: Nana Appiah
Acquaye
