Vietnam's Be Group in deal to become country's first ride-hailing firm to use EVs

HANOI, March 21 (Reuters) - Vietnam's Be Group said on Tuesday it has signed an agreement with an electric vehicle leasing service that will make it the first ride-hailing firm in the country to use EVs.

Be, a homegrown platform with nearly 10 million customers,
and GSM, founded by the owner of Vietnamese EV maker VinFast, will work with Vietnam Prosperity Bank to allow drivers to switch away from combustion engine vehicles at "affordable prices", Be said in a statement. Vietnam is promoting the production and mass use of EVs as part of efforts to achieve carbon emission neutrality by 2050. There are currently about 7,800 electric vehicles on its roads, according to Vinfast.

GSM, which was founded by chairman of VinFast parent Vingroup and Vietnam's richest man, Pham Nhat Vuong, is scheduled to commence electric car and motorcycle leasing services from April.

Its tie-up with Be will include a direct investment into the ride-hailing firm, the statement said without providing an amount. (Reporting by Khanh Vu; Additional reporting by Phuong Nguyen; Editing by Kanupriya Kapoor)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Vietnam's Be Group in deal to become country's first ride-hailing firm to use EVs

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

Solid price gains for gold, silver after busy news weekend

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Silver prices breach $32/oz as bullish technicals and fundamentals suggest potential breakout

off-the-wire

Vietnam&apos;s Be Group in deal to become country&apos;s first ride-hailing firm to use EVs

By Reuters

Reuters

Reuters

Vietnam's Be Group in deal to become country's first ride-hailing firm to use EVs