During the memorandum of understanding signing ceremony on 28/6, Dao Viet Anh, Deputy General Director of Phuong Trang - FUTA Group, stated that the cooperation aims to expand electric vehicle infrastructure. This expansion will meet increasing demand as Vietnam promotes energy transition and emission reduction.

Phuong Trang is a major domestic transport company. In TP HCM, the company operates over 50% of the city's bus routes and invests in charging stations and infrastructure for electric vehicles. BYD, a leading Chinese group, specializes in battery technology, electric vehicles, and charging infrastructure. It also boasts among the world's largest new energy vehicle sales.

Electric bus charging station system invested by Phuong Trang - Futa Bus Lines in TP HCM. *Photo: Quynh Tran*

Under the agreement, Futa EV Power and BYD Vietnam will jointly develop battery technology, energy storage systems, and charging station infrastructure. The system is designed to be interconnected, allowing shared use and increasing convenience for electric vehicle users.

The two parties will also research and invest in public charging stations to broaden infrastructure coverage. Additionally, the companies plan to implement BYD Flash Charge ultra-fast charging technology in Vietnam. According to BYD, for compatible vehicle models, the battery can charge from 10% to 70% in about 5 minutes or from 10% to 97% in 9 minutes.

Initially, the two businesses will research and develop electric vehicle infrastructure in TP HCM before expanding to other localities. The city currently has nearly 82,000 4-9 seat electric cars, over 175,000 electric motorcycles (excluding tech-enabled and shipper vehicles), along with more than 17,000 electric taxis and approximately 1,649 electric buses.

Electric bus operating in central TP HCM. *Photo: Quynh Tran*

Bui Hoa An, Deputy Director of the TP HCM Department of Construction, noted that the city is one of the fastest in the country to transition to electric vehicles, resulting in a significant demand for charging stations. Corporate investment in infrastructure will meet market needs while promoting the green transport development roadmap. Specifically, interconnected charging station systems and fast charging technology will enhance user convenience.

According to the Department of Construction leadership, this project represents one of the initial steps in developing large-scale infrastructure for electric vehicles. The city is also formulating a project to develop and plan a charging station network across its entire area, providing a basis for synchronized corporate investment to meet the needs of green transport development.

Ha Giang