Viettron, Vnines, and VFIC, agreed upon a three-party memorandum of understanding on unconventional motor research design and development, that is expected to present our capabilities of offering more comprehensive LEV solutions.
The added values of international cooperation for Viettron, Vnines, and VFIC encompass each party's specialities and resources. Upon this three-party MOU, as a design-house, Viettron is a complete R&D Center of LEV power and electronic components, management and system solutions, and validation, while Vnines not only has been the OEM manufacturer partner to Viettron but also the leading corporate producing parts of powertrain and manufacturing tooling services. The new partner VFIC is also based in Vietnam that takes part of metal stamping and welding motor stators and rotors in addition to silicon steels for motorcycle and car parts. In other words, the valuable partnership of these three V-enterprises builds a more overaching complete eco-system that includes design, production of important components of motor, and the completion of powertrain production. The ultimate goal is to ensure the most R&D creation and confidence in quality presentation with the purpose of achieving the success of this international partnership.
We keep our mission of Green Energy for the next generation in our practice. This international cooperation is not the first but more for Viettron to seek for allies who share comparable aspects in relation to LEV solutions, aiming to walk together on the ESG pathway.