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.

 

Founded on August 4, both companies are located at the Vinhomes Riverside urban area in Hanoi’s Long Bien district.

 

Vingroup contributed 51 percent of VinES’s charter capital and 99.8 percent of VinAI’s.

 

VinES's main business is manufacturing batteries and accumulators. Its production will complement the group's strategy on developing electric vehicles at its automotive manufacturer VinFast.

Vingroup sets up new energy, AI subsidiaries hinh anh 2

(Source: autopro.com.vn )

 

Meanwhile, VinAI works on scientific and technological research and development./.

 

VNA