VinFast signs a deal with Siemens Vietnam to manufacture electric buses

VinFast Trading and Production LLC, a unit of Vingroup JSC, has signed two contracts with Siemens Vietnam to deliver technology and components for manufacturing electric buses in Vietnam. Further, VinFast will produce electric motorcycles, electric cars and gasoline cars from its $1.5 billion factory being built in Haiphong city. The deal will enable VinFast to launch its first electric bus by end 2019.

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