AVES Electric Vehicle Company increases capital by 40%

AVES Green Technology and Energy JSC, founded by former Green SM CEO Nguyen Van Thanh, has increased its charter capital from 42 billion VND to 59.1 billion VND. This represents a 40.7% increase and marks the company's second capital boost within a single month.

The company has also clarified its primary business scope to include the production of two-wheeled and three-wheeled electric vehicles. Other business activities include the wholesale of automobiles, other motor vehicles, and related parts and accessories. The capital remains 100% private, contributed in Vietnamese Dong.