Vingroup's V-Green to Build 8,700 sqm EV Charging Hub in Jakarta

Overview

V-Green Indonesia, a subsidiary of Vingroup (VIC), has signed a cooperation agreement with PT HK Realtindo (HKR) to develop a large-scale EV charging hub in Kemayoran, Central Jakarta, Indonesia. The hub, covering 8,747 square meters, is expected to begin operations in October 2026. This initiative underscores Vingroup’s strategic push into Indonesia’s electric vehicle infrastructure market.

Key Facts

• V-Green Indonesia signed a cooperation agreement with PT HK Realtindo on August 10, 2026.
• The EV charging hub will be located in Kemayoran, Central Jakarta, covering 8,747 square meters.
• The hub will feature 36 car charging stations and 20 battery swap stations, with capacity to serve 56 cars and 220 electric scooters simultaneously.
• The project is expected to operate from October 2026.
• The agreement follows a Memorandum of Understanding signed in April 2026 between V-Green Indonesia and Hutama Karya Group, HKR’s parent company.
• The hub will include amenities such as restaurants, cafes, rest areas, and rooftop solar panels.
• V-Green plans to expand charging infrastructure across 29 rest stops along the Sumatera toll road.

What Happened

On August 10, 2026, V-Green Indonesia and PT HK Realtindo signed a cooperation agreement to develop an EV Charging Hub in Kemayoran, Central Jakarta. The hub will be built on land leased from HKR, covering 8,747 square meters. The facility is designed as a large-scale charging infrastructure model, integrating multiple services to cater to individual users, transport companies, and service drivers.

The project is part of a broader strategic partnership between V-Green and Hutama Karya Group, one of Indonesia’s leading state-owned construction companies. The initial MOU, signed in April 2026, outlined plans to develop EV charging hubs on Hutama Karya’s strategic land and to jointly operate 29 rest stops along the Sumatera toll road. The Kemayoran hub is expected to serve as a pilot model for future expansions.

Market Context

Vingroup (VIC) is listed on the Ho Chi Minh Stock Exchange (HOSE), with its stock closing at VND 208,500 on August 10, 2026. The company’s electric vehicle subsidiary, VinFast (VFS), closed at VND 10,300 on the same day. This announcement comes as Vingroup continues to expand its EV ecosystem internationally, particularly in Southeast Asia. The Indonesian market, being the largest economy in the region, presents significant growth opportunities for EV infrastructure development.

Strategic Significance

This agreement marks a significant step in Vingroup’s international expansion strategy, particularly in the EV charging infrastructure sector. By partnering with a state-owned enterprise like Hutama Karya, V-Green gains access to strategic land locations and existing infrastructure, such as toll road rest stops. This move aligns with Vingroup’s broader goal of building a comprehensive EV ecosystem, from manufacturing to charging infrastructure, and positions the company to capitalize on Indonesia’s growing EV adoption. The hub’s integrated model, combining charging with amenities, could become a template for future projects, enhancing Vingroup’s competitive edge in the region.

What to Watch

• Progress on the Kemayoran EV Charging Hub construction and its operational launch in October 2026.
• Expansion of charging infrastructure across the 29 Sumatera toll road rest stops.
• Any additional partnerships or MOUs between V-Green and other Indonesian entities.
• VinFast’s EV sales performance in Indonesia and the broader Southeast Asian market.
• Regulatory developments in Indonesia regarding EV infrastructure and incentives.