Vietnam to cooperate with Mitsubishi Motors in developing electric vehicles

The Hanoitimes – That said, the Ministry of Industry & Trade has signed Memorandum of Understanding (MoU) with Mitsubishi Motors in developing electric vehicles suitable with the current transport infrastructure of Vietnam and available charging station. Vietnam is looking for partner in joint-effort of developing the country’s auto industry, while the Japanese company hopes to gain a slice of the nation’s market for environmentally friendly vehicles with high potential for development in the future.   Prior to the study, Mitsubishi will provide Vietnam with the Outlander plug-in hybrid vehicle (Outlander PHEV). In Vietnam, electric and hybrid vehicles are rare. But since the country has a 200-plus-volt system, it is easy to charge the vehicles at home, according to both the government and Mitsubishi.  Because of Vietnam’s narrow roads, the government has high hope for Mitsubishi Motors’ compact electric vehicles, such as the i-MiEV. Vietnam aims to become a leading industrial nation by 2020, with the auto industry slated to be one of its main pillars. However, new auto sales fell by 10% over the last year’s figure to 272,750 units in 2017 from a record 300,000 units in 2016. The sharp drop was attributed to the abolition of import tariffs in January 2018. Vietnam’s appetite for cars is growing as its middle class class expands. But the increase in air pollution from cars and coal-fired thermal power stations is forcing the government to pin its hopes on electric vehicles, which cause less environmental damage. Following the agreement between Vietnamese authority… [Read full story]

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