Business

Vingroup sets up new energy, AI subsidiaries

Two new subsidiaries under the Vietnamese conglomerate VinGroup – the VinES Energy Solutions JSC (VinES) and VinAI Artificial Intelligence Application and Research JSC (VinAI) – have been established with charter capital of 1,000 billion VND (43.68 million USD) and 425 billion VND, respectively.
Vingroup sets up new energy, AI subsidiaries ảnh 1Illustrative photo (Source: vietnambiz.vn)
Hanoi (VNA) – Two new subsidiaries under the Vietnamese conglomerate VinGroup – the VinES EnergySolutions JSC (VinES) and VinAI ArtificialIntelligence Application and Research JSC (VinAI) – have been established withcharter capital of 1,000 billion VND (43.68 million USD) and 425 billion VND, respectively.

Founded onAugust 4, both companies are located at the VinhomesRiverside urban area in Hanoi’s Long Bien district.

Vingroup contributed51 percent of VinES’s charter capital and99.8 percent of VinAI’s.

VinES's mainbusiness is manufacturing batteries and accumulators. Its production will complementthe group's strategy on developing electric vehicles at its automotive manufacturerVinFast.
Vingroup sets up new energy, AI subsidiaries ảnh 2(Source: autopro.com.vn )

Meanwhile, VinAIworks on scientific and technological research and development./.

VNA
#VinGroup#VinES#VinAI#Vinhomes Riverside#Hanoi#charter capital#vietnam news agency#vietnamplus
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