VinFast and Durango Drivers’ Union sign strategic MOU on green transition of public transport in Mexico

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Media Outreach
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HANOI, VIETNAM – Media OutReach Newswire – 4 November 2024 – VinFast and the Durango Drivers’ Union in Mexico signed a Memorandum of Understanding (MOU) to collaborate on the green transition of public transport, including the potential purchase of 3,000 VF 5 electric cars and 300 electric buses by Durango Driver’s Union for operation in Mexico. This strategic partnership underscores the growing global interest in VinFast’s electric vehicles, highlighting their ability to meet the evolving needs of diverse markets.

https://vinfastauto.com/vn_en

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About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at:

About CTM

The Union of Drivers and Workers of the CTM in Durango, founded on August 8, 1932, is one of the city’s key players in public transportation. Currently, it operates around 65% of the transportation concessions, with a fleet exceeding 300 buses and 5,000 taxis, along with additional services such as personnel, school, and tourist transportation, thus meeting a wide range of mobility needs within the region. As a member of the Confederation of Mexican Workers (CTM), the country’s largest labor organization, the Union is dedicated to securing workers’ rights and promoting fair working conditions within the transport sector.

The Union is developing an innovative business model aimed at acquiring 100% electric vehicles for fleet renewal. This project seeks to modernize the service, reduce carbon emissions, and support Durango’s environmental commitment, aligning with global trends toward the electrification of transportation.