Vietnam’s VinFast plans to set up electric vehicle plant in the US

VinFast plant in Haiphong, Vietnam

Vietnam’s car manufacturer VinFast has plans to set up a car factory in the US to produce electric vehicles for sale starting in 2022 and also for export to Canada and Europe, Bloomberg News reported.

 “VinFast’s vision is to become a global smart electric car company and the US is one of the first international markets that we will focus on,” the report cited VinFast chief executive officer Thai Thanh Hai as saying, adding that the company first plans to develop high-end models for the US.

VinFast, a unit of Vietnam’s largest conglomerate Vingroup, sold about 30,000 vehicles last year. The company forecasts sales of more than 45,000 units in 2021. It will begin delivery of electric vehicles produced at its factory in the northern port city of Haiphong in Vietnam to domestic customers by December.

Showrooms across California, luxury SUVs for North America, Europe

The company plans to offer two electric luxury sport utility vehicles, the VF32 and VF33, in the US, Canada and Europe.

Apart from the factory, VinFast, which also produces electric motorbikes and electric buses, plans to open 35 showrooms and service centers in California this year after the company received a license to test autonomous vehicles on public streets there.

The VinFast research and development institute, with offices in San Francisco, Australia and Vietnam, is working on autonomous automobile technology, including autopilot and smart driving features.



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VinFast plant in Haiphong, Vietnam Vietnam’s car manufacturer VinFast has plans to set up a car factory in the US to produce electric vehicles for sale starting in 2022 and also for export to Canada and Europe, Bloomberg News reported.  “VinFast’s vision is to become a global smart electric car company and the US is one of the first international markets that we will focus on,” the report cited VinFast chief executive officer Thai Thanh Hai as saying, adding that the company first plans to develop high-end models for the US. VinFast, a unit of Vietnam’s largest conglomerate Vingroup, sold...

VinFast plant in Haiphong, Vietnam

Vietnam’s car manufacturer VinFast has plans to set up a car factory in the US to produce electric vehicles for sale starting in 2022 and also for export to Canada and Europe, Bloomberg News reported.

 “VinFast’s vision is to become a global smart electric car company and the US is one of the first international markets that we will focus on,” the report cited VinFast chief executive officer Thai Thanh Hai as saying, adding that the company first plans to develop high-end models for the US.

VinFast, a unit of Vietnam’s largest conglomerate Vingroup, sold about 30,000 vehicles last year. The company forecasts sales of more than 45,000 units in 2021. It will begin delivery of electric vehicles produced at its factory in the northern port city of Haiphong in Vietnam to domestic customers by December.

Showrooms across California, luxury SUVs for North America, Europe

The company plans to offer two electric luxury sport utility vehicles, the VF32 and VF33, in the US, Canada and Europe.

Apart from the factory, VinFast, which also produces electric motorbikes and electric buses, plans to open 35 showrooms and service centers in California this year after the company received a license to test autonomous vehicles on public streets there.

The VinFast research and development institute, with offices in San Francisco, Australia and Vietnam, is working on autonomous automobile technology, including autopilot and smart driving features.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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