Green Ventures Subsidiary Provides Filipinos with Opportunities in Charging Station Enterprise
V-Green Global Charging Station Development JSC, a company founded by VinFast's chairman Pham Nhat Vuong, has announced a partnership model for electric vehicle (EV) charging stations in the Philippines. This expansion aims to accelerate EV adoption in the country by creating a "supercharger network" similar to that in Vietnam.
The partnership model invites Filipino landowners and business owners to host EV charging stations with no upfront investment or operational burden. V-Green fully funds and manages installation, electrical connection, and 24/7 operation and maintenance, providing partners with a revenue-sharing agreement and a minimum five-year lease term.
Ideal Sites Sought in Metro Manila, Cebu City, and Davao
V-Green is actively seeking sites in Metro Manila, Cebu City, and Davao, preferably ranging from 30 to 1,000 square meters and easily accessible, close to three-phase power sources, and with a solid concrete foundation for charger installation. The company believes that these locations will help to establish a strong EV charging network in the Philippines.
Boosting EV Adoption and Property Value
The presence of a V-Green station is expected to boost customer traffic and enhance a property's eco-conscious image. This expansion aims to improve green infrastructure, support the Philippines’ green transition, and enhance property value. The company's successful franchise and self-operated model in Vietnam, which currently operates over 150,000 charging ports, suggests strong growth potential and scalability for the Philippines market.
Partnership with Meralco
In addition to this expansion, V-Green, in partnership with Green GSM, has signed a memorandum of understanding with Meralco, the Philippines' largest electric power distribution company, to identify and evaluate sites for EV charging stations and electric taxi hubs. This partnership further solidifies the push for green mobility in the Philippines.
Revenue-Sharing Agreement
Under the partnership model, V-Green will fund, manage, and maintain the installation of charging stations, while partners will benefit from a revenue-sharing agreement and a minimum five-year lease term with no upfront investment or operational burden. This approach mirrors V-Green’s successful franchise and self-operated model in Vietnam.
VinFast's Aggressive Entry into the Philippine EV Market
VinFast is aggressively entering the Philippine EV market, delivering a diverse range of electric vehicles, including models like the VF 3, VF 5, VF 6, VF 7, and VF 9. With the establishment of a robust charging network, the company aims to support the regional growth of its electric vehicle ecosystem in Southeast Asia.
Luu Viet Hung, CEO of V-Green Philippines, stated that EV charging stations will likely become a standard feature in Philippine real estate developments within the next five years. This expansion by V-Green is a significant step towards making electric vehicles more accessible and affordable for Filipinos.
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- In collaboration with V-Green Global Charging Station Development JSC, Filipino landowners and business owners are invited to host electric vehicle charging stations, with the company covering all installation, management, and maintenance costs, offering a revenue-sharing agreement and a minimum five-year lease term.
- V-Green is actively seeking sites in Metro Manila, Cebu City, and Davao, preferably with an area ranging from 30 to 1,000 square meters, near three-phase power sources, and a solid concrete foundation for charger installation, to help establish a strong EV charging network in the Philippines.
- The partnership with Meralco, the Philippines' largest electric power distribution company, is aimed at identifying and evaluating sites for EV charging stations and electric taxi hubs, further solidifying the push for green mobility in the country.
- VinFast, a company with a strong presence in the electric vehicle market, is aggressively entering the Philippines, delivering a variety of electric vehicles like the VF 3, VF 5, VF 6, VF 7, and VF 9, with the support of a robust charging network to boost regional growth.
- Luu Viet Hung, CEO of V-Green Philippines, anticipates that electric vehicle charging stations will likely become a standard feature in Philippine real estate developments within the next five years, making electric vehicles more accessible and affordable for Filipinos.
- The expansion of V-Green's charging network in the Philippines aims to improve green infrastructure, support the country's green transition, boost customer traffic, enhance a property's eco-conscious image, and increase property value through the presence of a V-Green charging station.
