Tag: VinFast

Vietnam's leading carmaker, founded by its inaugural billionaire, is doubling down on electric vehicles — even as losses mount to billions of dollars

Five dealers sign agreement with Vietnamese automaker to sell vehicles in Indonesia.

Vietnamese conglomerate Vingroup and its vehicle subsidiary VinFast wantto conquer the US and Europe with high-end electric SUVs, which is an emblematicbet for a country posting record growth for several years.

Deal the largest vehicle purchase in Vietnam.

Vietnamese automaker announces opening of showroom in Rennes.

Number of shares to be offered in IPO and price range are still to be determined.

Australian support will not only promote the development of VinFast but also Vietnam’s electric vehicle industry.

Assistance to VinFast will support Vietnam’s efforts to achieve net-zero greenhouse gas emissions and expand high-tech manufacturing.

VinFast handed over two new electric motorcycle models - Evo200 and Evo200 Lite - to the first Vietnamese customers on September 29. The Evo200 quickly reached 18,000 orders after just 48 hours of availability, and became the best-selling model.

According to consultants Dezan Shira & Associates, with a rapidly-growing population, expanding middle class, and growing environmental awareness, Vietnam holds promise as a strategic market for electric vehicle manufacturers. It also has priority policies for the development of such vehicles, including exemptions on registration fees for three years from March 2022, while special consumption tax rates will be 1-3 per cent for five years.

Vietnam’s electric vehicle market is becoming more vibrant as new brands emerge and take competition to a new level.

VinFast and the government of North Carolina signed an MoU on March 29 to build VinFast’s first electric vehicle manufacturing plant in the North American market. The project has investment of $2 billion in the first phase, with a capacity of 150,000 vehicles a year. It is expected to create thousands of jobs for local workers.