In a world grappling with environmental concerns and rising fuel costs, the automotive industry is experiencing a paradigm shift towards electric vehicles (EVs). However, the high price tags associated with EVs have often hindered their widespread adoption. Recognizing this challenge, automakers and industry experts are now setting their sights on developing affordable EVs that can revolutionize the market.

Vingroup, the leading conglomerate in Vietnam, has announced plans to significantly increase the capital of its electric vehicle (EV) taxi subsidiary, Green Smart Mobility (GSM). This move represents a strategic investment in the rapidly growing electric mobility sector and underscores Vingroup's commitment to sustainable transportation.