CBEV Transport Technology Inc. (CarBEV) has signed a strategic memorandum of understanding (MoU) with global electric vehicle manufacturer VinFast to establish a framework for cooperation beginning in 2026, aimed at developing a fully integrated electric mobility ecosystem across the Philippines. The agreement was signed at VinFast’s headquarters in Hanoi and outlines collaboration on electric fleet deployment, charging infrastructure expansion, and green mobility programs for public and private transport.
Under the MoU, the partners will coordinate the rollout of battery-electric vehicles for transport operators, ride-hailing platforms, logistics fleets, and government agencies, alongside the development of strategically located charging stations and electrification of major transport corridors. Joint working groups will be formed to define operational models, investment structures, and phased deployment timelines, supported by technical and market readiness assessments.
The initiative aligns with the Philippines’ transport modernisation agenda and national policies promoting electric vehicle adoption, including incentives under the Electric Vehicle Industry Development Act. By combining CarBEV’s local fleet operations and market expertise with VinFast’s vehicle manufacturing and technology capabilities, the partnership aims to support large-scale EV adoption, reduce transport-related emissions, and build a nationwide electric mobility ecosystem over the coming years.