Green and Smart Mobility Joint Stock Company (GSM) said it has promoted the import of vehicles into Laos to deploy electric taxi services.
GSM will initially have 150 electric cars and will expand to 1,000 cars this year, with two models VF 5 Plus and VF e34. The company plans to develop a taxi service, and move towards fully developing a service ecosystem, including activities such as selling and renting VinFast electric cars - similar to the model currently deployed in Vietnam.
"This is the first step in the plan to expand into foreign markets, making GSM a regional and global ride-hailing company and contributing to popularizing electric vehicles to a large number of users," Mr. Nguyen Van Thanh, CEO of GSM, wrote on his personal page.
GSM was established in March 2023, with Mr. Pham Nhat Vuong, Chairman of Vingroup, owning 95% of the shares. The company operates in two main areas: renting cars and electric motorbikes and establishing an electric taxi company, with a charter capital of VND 3,000 billion. By May, GSM had increased its charter capital to VND 5,650 billion, of which VND contributed capital accounted for 50%, the rest was other assets.
After going into operation, GSM signed an investment and cooperation agreement with Be Group to bring electric cars and electric motorbikes into technology transportation services in Vietnam. After SM Green Taxi, in mid-August, this company launched the SM Bike Green service, using VinFast electric motorbikes to provide passenger transportation services.
According to VinFast’s second quarter report to the US Securities and Exchange Commission (SEC), GSM is VinFast’s largest vehicle buyer. The company has received approximately 7,100 electric cars from VinFast as of the end of the second quarter. Previously, GSM signed an agreement to buy 200,000 electric motorbikes and 30,000 electric cars from VinFast.
Minh Son
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