V-Green, Sun Group Install EV Chargers at Ba Na Hills, Boosting VinFast Infrastructure

Overview

V-Green (a VinFast affiliate) and Sun Group’s Ba Na Hills cable car company have signed an agreement to install 20 electric vehicle charging stations and 2 battery swap cabinets for electric motorcycles at Sun World Ba Na Hills in Da Nang. This partnership marks the initial phase of a broader plan to integrate EV charging infrastructure across Sun Group’s tourism properties nationwide, directly supporting users of VinFast electric vehicles.

Key Facts

• V-Green and Sun Group’s Ba Na Hills cable car company signed an agreement to install 20 EV charging stations and 2 battery swap cabinets at Sun World Ba Na Hills.
• The system will operate 24/7 to support EV owners visiting the resort.
• This is the first phase of a plan to expand EV infrastructure across Sun Group’s destinations nationwide.
• Sun World Ba Na Hills has been operating since 2009 and was named Asia’s Leading Theme Park by World Travel Awards six consecutive times.
• V-Green currently operates over 150,000 charging ports for VinFast electric cars and expects to complete 60,000 battery swap cabinets for electric motorcycles in Q2.
• The partnership aims to reduce emissions and protect the environment, aligning with global green tourism trends.

What Happened

V-Green, a company focused on developing EV charging infrastructure for VinFast vehicles, and Sun Group’s Ba Na Hills cable car company have signed a cooperation agreement to install EV charging stations and battery swap cabinets at Sun World Ba Na Hills in Da Nang. The initial deployment includes 20 charging stations for electric cars and 2 battery swap cabinets for electric motorcycles, with the entire system operating 24/7.

According to V-Green, the two parties will continue to survey and expand the network of charging stations and battery swap cabinets at other Sun Group locations based on market demand. Mr. Nguyen Lam An, Director of Ba Na Hills cable car company, stated that the partnership is part of the company’s strategy to adapt to global green tourism trends. Mr. Dang Thanh Tung, Director of Network Development at V-Green, emphasized that the presence at a destination like Sun World Ba Na Hills demonstrates V-Green’s commitment to providing flexible charging and battery swap infrastructure, contributing to Vietnam’s green development model.

Market Context

V-Green is a key player in building charging infrastructure for VinFast electric vehicles, which are produced by VinFast (VFS on NASDAQ). The partnership with Sun Group, a major real estate and tourism conglomerate, expands the availability of charging points at a popular tourist destination, potentially increasing the appeal of VinFast EVs. The move comes as Vietnam’s tourism sector recovers and demand for sustainable travel options grows. V-Green’s existing network of over 150,000 charging ports and planned 60,000 battery swap cabinets positions it as a leading infrastructure provider in the country.

Strategic Significance

This partnership is strategically important for VinFast’s ecosystem as it addresses a key barrier to EV adoption: charging infrastructure availability at tourist destinations. By integrating charging stations at Sun World Ba Na Hills, a top tourist attraction, V-Green enhances the convenience for VinFast EV owners traveling to central Vietnam. The agreement also signals potential for further collaboration between VinFast and Sun Group, which could lead to charging infrastructure at other Sun Group properties, such as resorts and amusement parks nationwide. This aligns with Vietnam’s national green growth strategy and the government’s push for electric vehicle adoption.

What to Watch

• Expansion of charging infrastructure to other Sun Group destinations (e.g., Sun World Fansipan Legend, Sun World Ha Long).
• V-Green’s progress in completing 60,000 battery swap cabinets by Q2.
• VinFast’s vehicle sales data, particularly in central Vietnam, following infrastructure improvements.
• Any official announcements from Sun Group or V-Green regarding further phases of the partnership.
• Policy developments in Vietnam supporting EV charging infrastructure at tourist sites.