AVES electric vehicle startup increases capital by 40%

AVES Green Technology and Energy JSC, an electric vehicle startup founded by former Green SM CEO Nguyen Van Thanh, has increased its charter capital by 40%, rising from 30 billion VND to 42 billion VND. This capital increase occurred on October 2, approximately one month after the company's establishment on September 9.

Nguyen Van Thanh holds an 85% stake in the company, with shareholders Le Hoang Long and Trieu Tuyen Hoang holding 10% and 5%, respectively. The company is currently expanding recruitment for its headquarters in Hanoi and its Research and Development center in Hung Yen.

Recruitment efforts are focusing on technical and production roles, including mechanical design engineers, electrical engineers, and quality control specialists. Notably, several positions, such as Project Management Office (PMO) and procurement, require Chinese language proficiency. The company aims to launch its first products on the market by the summer of 2027.