V-Green signs partnerships for Philippine EV push

V-Green, an EV charging company founded by VinFast founder Pham Nhat Vuong, said on 18 May 2026 it signed separate MOUs with the Bataan provincial government and fuel retailer Clean Fuel to expand charging and battery-swapping infrastructure in the Philippines.

In Bataan, the partners plan a province-wide network across one city and 11 municipalities, with V-Green targeting 600 charging stations and 1,200 battery-swapping stations while the local government handles permits and site coordination.

Separately, V-Green and Clean Fuel will explore installing chargers at high-traffic fuel stations in Dasmariñas, Cavite. Clean Fuel operates more than 100 stations across Luzon.

🔗 Source: V-Green

🧠 Food for thought

Implications, context, and why it matters.

V-Green’s ‘zero-cashout’ model in the Philippines

V-Green is entering the Philippines with a “zero-capital partnership model” that appears to shape its deals with the Bataan provincial government and fuel retailer Clean Fuel 1.
The setup lets landowners or companies host charging sites with no upfront spending, while V-Green says it will pay for installation, grid connection, and round-the-clock operations 1.
Partners contribute the site and get a share of revenue, which tackles the high cost that often slows EV infrastructure buildout in the Philippines 2.
V-Green has said it will invest 10 trillion VND, or US$404 million, over two years to add stations and upgrade its network in Vietnam 3. Founder Pham Nhat Vuong owns 90% of the company 3.

Battery swapping aims at commercial fleets and two-wheelers

Its plan for 1,200 battery-swapping stations in Bataan centers on a format already used in other Asian markets, often for commercial fleets or two-wheelers 4.
A swap can take less than five minutes, which cuts downtime for business users 4.
Battery-swapping infrastructure is projected to rise from US$255.5 million in 2024 to US$1.45 billion by 2032 5.
If the model works in the Philippines, it could guide other developing countries. The United Nations Environment Programme (UNEP) has said Kenya is among the countries watching the Philippines and Thailand as examples for charging and swapping standards 6.