Ghanaian News

Jospong distributes Vinfast e-cars in Africa

The Jospong Group of Companies has secured a deal with a foreign partner to plan and deploy public charging infrastructure across the country to support electric vehicle penetration.

The deal is part of a partnership agreement struck with VinFast Auto, a Vietnamese electric vehicle pioneer, and announced by the Ghanaian multi-industry conglomerate operating across West Africa.

The deal also makes Jospong Group the distributor of VinFast’s entire range of vehicles, including electric cars, e-scooters, e-bikes and electric buses, in Ghana and the African market.

In addition to the announced distribution agreement, Vingroup — a leading private multi-industry conglomerate in Vietnam and parent company of VinFast — has signed a Memorandum of Understanding (MoU) with Jospong Group to work together to identify and pursue business opportunities in areas of mutual interest, including electric vehicles, taxi operations, public transportation solutions, education, hospitality and real estate development.

Upon striking the agreement, the Executive Chairman of Jospong Group, Dr Joseph Siaw Agyepong, said the agreement positioned the Jospong Group as a major stakeholder in sustainable transportation he added.

The Chief Operation Officer of VinFast North America, Steve Tran, said: “Ghana and West African electric vehicles market is poised to grow, and we’re honoured to be at the forefront of this revolution alongside a leading Ghanaian corporation”.

“Together, we’re committed to building a sustainable future for Ghana by providing a comprehensive electric transportation ecosystem, from bicycles and cars to buses, with flexible sales, ensuring everyone can join the clean transportation revolution,” he added.

Dr Joseph Siaw Agyepong and other officials inspecting one of the vehicles
Dr Joseph Siaw Agyepong and other officials inspecting one of the vehicles

Indeed, for Vingroup and VinFast, the strategic collaboration with Jospong Group could present an opportunity to cement their foothold in the region’s electric vehicle market and emerge as frontrunners in the broader sustainable transportation industry.

The electric vehicle market in Ghana and West Africa is poised for significant expansion, driven by burgeoning demand and government initiatives aimed at achieving net-zero emissions in the transportation sector.

Ghana’s government envisions a future landscape where a substantial portion of gas stations will be repurposed to cater for sustainable transportation alternatives such as electric vehicles by 2040.

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