VinFast

Last updated

VinFast Auto Ltd.
Nasdaq:  VFS
Industry Automotive
FoundedJune 2017;6 years ago (2017-06)
Founder Pham Nhat Vuong
Headquarters Haiphong, Vietnam [1]
Area served
Worldwide
Key people
Products Automobiles
Motorcycles
Commercial vehicles [2]
Parent Vingroup
Website vinfastauto.com/vn_en

VinFast Auto Ltd. is a Vietnam-basedmultinational automotive company [3] founded by Vingroup, one of the largest private conglomerates in Vietnam that was founded by Pham Nhat Vuong. [4] [5] [6]

Contents

Established in 2017 in Haiphong, it is the first Vietnamese car brand to expand into global markets as well as the first to expand into producing electric vehicles (EV) such as electric cars and electric scooters. [7]

History

Founded in 2017 by Vingroup, [8] the company designed its models with the help of Pininfarina, BMW and Magna Steyr and participated in the 2018 Paris Motor Show. VinFast claims it will be the first volume automotive manufacturer in Vietnam as well as the first Vietnamese automaker to participate in a major international auto show.[ citation needed ]

VinFast broke ground in September 2017 on an 828-acre (3,350,000 m2) facility in an industrial park located on Cat Hai Island near the city of Hai Phong. The factory with paint shop, press shop, assembly shop and engine shop was built in just 21 months. [9]

The investment is US$1.5 billion in the first phase of a program to make cars and electric motorbikes at a greenfield factory on the facilities. The company claimed that it has aggregated talent from multiple established companies and is sourcing European design, engineering, and production technology partners. The first two vehicles that were shown at Paris motorshow in the fall of 2018 are the LUX SA2.0 and the LUX A2.0, designed by Pininfarina.[ citation needed ]

In 2018 General Motors announced a partnership between Chevrolet and VinFast. VinFast will have exclusive rights to distribute Chevys in Vietnam and will take ownership of the existing General Motors (GM Korea) factory in Hanoi (VIDAMCO). That factory will then build a GM-licensed "all-new global small car" to be sold under the VinFast name. [10]

VinFast signed two contracts with Siemens Vietnam, a unit of Siemens AG, for the supply of technology and components to manufacture electric buses in Southeast Asian countries in August 2018. [11] On 21 March 2019, it sent the first batch of 155 VinFast Lux cars, 113 completed vehicles and 42 semi-finished cars, abroad in Europe, Asia, Australia and Africa to conduct field tests for quality testing and to qualify for a 5-star ASEAN NCAP rating. [12]

The company would have been the title sponsor of the inaugural edition of the Formula One Vietnamese Grand Prix, which was due to take place during the 2020 season - the race was later cancelled due to COVID-19 pandemic. [13] In Q1 2020, VinFast was the fifth best-selling car brand in Vietnam. [14]

On 25 February 2020, it was reported that VinFast vehicles were spotted in South Africa for field tests at Kakamas in the Northern Cape Province and in Cape Town. [15] On September 20, the company announced a loss of VND 6.6 trillion ($284 million) in the first half of the year. [16]

In December 2020, VinFast released preliminary images of a pickup truck being developed weeks after the Lang Lang testing centre was purchased. [17] Other vehicles in development included a three-door hatchback, two different coupe-type SUVs, a small SUV, a four-door coupe, a couple of people movers and electric scooters. [17] According to the Intellectual Property Office of Vietnam, the patents for these vehicles are set to expire on 14 January 2024. [18]

On July 27, 2021, parent Vingroup announced that Michael Lohscheller, the CEO of Opel, had been appointed CEO of VinFast Global. [19] Five months later, on December 27, it was announced that Lohscheller had resigned the position. [20]

On 30 September 2021, VinFast reported that Cerence software will be used for its electric vehicles as an intelligence voice assistant. [21] On 25 December, it delivered the first batch of 100 VF e34 electric crossovers to Vietnamese customers at VinFast's manufacturing complex in Hai Phong. The VF e34 marks VinFast's first EV model and the first ever electric vehicle to be manufactured and sold in Vietnam. [22]

According to Reuters , Vinfast had only made 7,400 car sales in 2022, all of which occurred in Vietnam. [23] The company however has set itself a target of 50,000 car sales globally for 2023. [24] They missed the goal but delivered close to 35,000 electric cars in 2023. [25] Their Chairwoman, Le Thi Thu Thuy, projected sales of 40,000 - 50,000 vehicles in 2024. [26]

On 6 January 2022, reports emerged that VinFast plans to build new EV plants in Germany and the United States as part of the company's plans to retire production of gas-powered vehicles and transition fully to EVs by late 2022. [27]

Move to Singapore, efforts to go public

VinFast appeared to making its first efforts to become a public company in early 2021. Sources told Reuters that the automaker planned to merge with a special-purpose acquisition company (SPAC) in the United States. [28] On 28 May 2021, the plan was put on hold due to SPAC scrutiny. [29]

VinFast announced on 7 April 2022 that it planned an initial public offering (IPO) through a Singapore-based holding company. [30] A few weeks later on 24 May 2022, Vinfast announced that it would be moving its headquarters to Singapore, with the company stating that "We feel that Singapore is a jurisdiction that will give investors more confidence." [31] Singapore will be its legal and financial headquarters while Vietnam remains its operational headquarters. However, at the same time, the company said it would again put its plans to go public on hold. [32]

VinFast announced in July 2023 that it was planning to merge with a SPAC operated by Black Spade Capital. The move allows the company to avoid the process of issuing an IPO. The transaction, valued at $23 billion, was completed on 14 August 2023, and the company finally went public on the US-based Nasdaq exchange on 15 August 2023. [33] [34] [35] [36]

Overseas operations

A VinFast dealership in Colma, California, United States Vinfast dealership in Colma.jpg
A VinFast dealership in Colma, California, United States

On 31 July 2018, VinFast GmbH was established in Frankfurt, Germany. [37] The office is in charge of distributing auto parts and other related services. [37] On the same day it was announced that VinFast will set up branch offices in Shanghai, China and Seoul, South Korea. [37]

In February 2020, ex-Holden engineers were being recruited by VinFast in Port Melbourne, making Australia the second overseas country to have a branch after the company moved in December 2019. [38] [39] The branch, known as VinFast Engineering Australia, is staffed by ex-Ford, Holden and Toyota employees [40] and opened on 12 June 2020. [41] On 6 May 2021, the Port Melbourne office was announced to be closed due to the COVID-19 pandemic temporarily. [42] The Lang Lang test track is not affected by the closure. [43]

On 29 March 2022, Vinfast announced it would locate its first North American auto plant in Chatham County, North Carolina. [44] The auto manufacturer will create 7,500 jobs. [45] In July 2023, the company broke ground at its electric vehicle manufacturing site, located within the Triangle Innovation Point in Chatham County, North Carolina. [46]

Export plans

In April 2019, VinFast reported that the Lux SA2.0 and Sedan Lux A2.0 were the first two models introduced to Russia at the end of 2018. [47] According to Auto.Vesti, the models are expected to be sold throughout Russia by the end of 2020. [47] Vuong mentioned that electric vehicles will be sold in the country after 2021. [48]

In December 2019, it was announced that VinFast had plans to market electric vehicles to the United States by 2021. [49] Exactly one year later, the company did not mention dates when reporting that it intended to sell its vehicles in Australia. [17]

On 22 January 2021, VinFast unveiled three finalized designs of their electric SUV models VF31, VF32, VF33 intended for US, Canada, Germany, France and the Netherlands export markets. [28] Of which, VF32 and VF33 are available in both gasoline and electric engine versions. These vehicles are stated to meet the NHTSA, Euro NCAP and ASEAN NCAP 5 star-ratings and feature self-driving capabilities thanks to a suite of electronic driver-assist features. [50]

In July 2021, VinFast appointed Michael Lohscheller, who previously worked as an executive of Volkswagen America and as CEO of Opel, to lead its overseas operations. [51] The VF31 was later rebranded as VF e34 and became available in Europe in November. [52]

On 16 November 2022, the first VinFast showroom opened in Toronto at the Yorkdale Shopping Centre. [53] In the same year, the company had chosen Santa Monica as one of two locations to promote its showrooms in California. [32]

VinFast plans to expand in seven more markets in Asia, including Indonesia, where the company aims to start deliveries from 2024. [54] In January 2024, VinFast announced plans to enter the Philippine market. [55]

In the media

In August 2023, and in tandem with their NASDAQ listing, VinFast launched an ad campaign for their VF 8 and US debut featuring Joey Lawrence, reviving his catchphrase, "Whoa!", from the hit TV series Blossom on NBC that amassed a million views[ clarification needed ] on YouTube in under a week, [56] produced by production company Anaheim Studios. [57]

Four million views [58] and four months later, VinFast released a second installment of the Whoa commercial, [59] in which Joey Lawrence reprised his starring role, in December of the same year. [60] [61]

Etymology

The name VinFast is an abbreviation of Vietnamese words: [8]

Products

Automobiles

VinFast announced their first two models, the LUX A2.0 and the LUX SA2.0, at the 2018 Paris Motor Show. Both models are based on previous generation BMW products with various changes and enhancements, including the extensive redesign of the chassis to meet future international safety standards. Both will come in rear-wheel drive and all wheel drive, and both will be powered by the licensed BMW N20 turbocharged petrol engine in 175 bhp and 227 bhp options. Comprehensive reliability and safety testings have been completed. Production of both models started in 2019. [62] [63]

In January 2022, Vinfast announced it will put an end to the production of its internal combustion engine (ICE) vehicles lineup by the end of 2022. The company will instead focus research and development efforts on battery electric vehicles. [64]

Collectively, in the first 48 hours of being able to sell electric automobiles,[ when? ] more than 24,000 orders[ clarification needed ] were placed, with 15,237 placed for the VF8 and 9,071 for the VF9. [65]

Internal combustion engine vehicles

Battery electric automobiles

  • VinFast VF e34 - C-segment (compact) SUV for the Vietnam market. The company's first EV offering. Deliveries began in December 2021.
  • VinFast VF 3 - compact mini car designed for the Vietnam market. Two-door vehicle with seating for five. Deliveries expected to begin in late 2024.
  • VinFast VF 5 - A-segment (city car) SUV for the Vietnam market. Deliveries began in 2023.
  • VinFast VF 6 - B-segment (sub-compact) SUV for the global market. Deliveries expected to begin in 2023.
  • VinFast VF 7 - C-segment (compact) SUV for the global market. Deliveries expected to begin in 2023.
  • VinFast VF 8 (formerly known as VF32 and VF e35) – D-segment (mid-size) SUV for the global market. Deliveries began in 2022.
  • VinFast VF 9 (formerly known as VF33 and VF e36) – E-segment (full-size) SUV for the global market. Deliveries began in 2023.
Concepts

Electric scooters

VinFast has planned to produce seven different electric motorcycle models by 2019. It has signed agreements with state owned petrol distributor PV Oil to have charging stations built at existing gas stations. [70]

Electric transit buses

VinFast produces low-floor electric city buses for sister company VinBus, a privately operated non-profit bus route network service established by Vingroup in 2019. The bus is powered by a 281 kWh battery pack which gives the bus up to 260 km (160 mi) of range. Using the VinBus-designated 150 kWh DC fast-charging stations provided by StarCharge, the battery can be charged within ~2 hours. [73] [74] Batteries used by the VinBus fleet are provided by a joint venture between VinFast and LG Chem, while other components are supplied by Siemens. [75]

Production facilities

VinFast operates a 335 hectares (1.29 sq mi) greenfield factory at Cat Hai Island, Hai Phong. The factory produces, cars, motorbikes and parts for either of them. [76] In 2017, VinFast also acquired GM Vietnam's Hanoi factory (VIDAMCO). [77]

In September 2020, VinFast purchased the Lang Lang Proving Ground in Australia from General Motors. [78] Vinfast purchased the former Holden proving ground for $30 million and settled on the purchase on 2 November. [79] In October 2021, VinFast disbanded its local engineering operations and put the Lang Lang Proving Ground test track up for sale. [80]

VinFast will build a plant in Indonesia, targeting production in 2026 with an output of 30,000 to 50,000 units each year. [81]

Controversy and reception

In May 2021, VinFast reported one of its customers, Tran Van Hoang, a Vietnamese YouTuber, to the police over comments that the customer made on his YouTube video about the quality of his VinFast Lux A2.0 car. VinFast claimed that the video contained "untrue content" that "affected the reputation" of the company. [82] On the video, Hoang complained about faults in the tire pressure sensor, the windshield wipers, the wireless phone charger, squeaking doors, and he also complained about his experience with the dealer. [83]

In the U.S., the VinFast VF 8 has received negative reception after press cars became available to automotive journalists. A number of well-established and widely followed automotive journalists and car critics have given the VF8 poor reviews for virtually every metric. [84] [85] [86] [87] [88] In a May 2023 review, Motor Trend said the vehicle is "nowhere near ready for the customer deliveries" due to many software glitches and poor build quality. [89] Car and Driver said the vehicle has "immediately obvious flaws" that would make it difficult for VinFast to find customers, given its high price tags. [90]

See also

Related Research Articles

<span class="mw-page-title-main">Hyundai Motor Company</span> South Korean multinational automaker

The Hyundai Motor Company, often referred to as Hyundai Motors, and commonly known as Hyundai, is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea, which was founded in 1967. Currently, the company owns 33.88 percent of Kia Corporation, and fully owns two marques including its luxury cars subsidiary, Genesis, and their electric vehicle brand Ioniq. The three brands altogether make up the Hyundai Motor Group.

BYD Auto Co., Ltd. is the automotive subsidiary of BYD Company, a publicly listed Chinese multinational manufacturing company. It manufactures passenger battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), collectively known as new energy vehicles (NEVs) in China. It also produces battery electric buses and trucks.

<span class="mw-page-title-main">GM Vietnam</span>

General Motors Vietnam Company, Ltd. was an automobile manufacturer based in Vietnam and a member of GM Southeast Asia Operations.

<span class="mw-page-title-main">Opel Karl</span> City car

The Opel Karl is a city car with a hatchback manufactured by GM Korea and marketed by Opel as a rebadged and restyled variant of the fourth-generation Chevrolet Spark (M400), replacing the Suzuki-sourced Agila in Opel's range. Named after Adam Opel's eldest son Carl, the city car was discontinued following the sale of Opel to PSA Group in 2019. General Motors marketed a rebadged variant in the United Kingdom as the Vauxhall Viva, resurrecting an old nameplate from 1963 to 1979.

<span class="mw-page-title-main">Hyundai Kona</span> Subcompact crossover SUV

The Hyundai Kona is a subcompact crossover SUV produced by the South Korean manufacturer Hyundai. The first-generation Kona debuted in June 2017 and the production version was revealed later that year. It is positioned between the Venue or Bayon and the Tucson in Hyundai crossover SUV line-up. The battery electric version called the Kona Electric was first launched in South Korea during the first half of 2018 and rolled out gradually worldwide afterwards.

<span class="mw-page-title-main">Vingroup</span> Vietnamese conglomerate founded in 1993

Vingroup Joint Stock Company, is the largest conglomerate of Vietnam, focusing on technology, industry, real estate development, retail and services ranging from healthcare to hospitality. In 2022 the revenue of Vingroup and its subsidiaries was almost 1.1% of the GDP of Vietnam.

<span class="mw-page-title-main">Automotive industry in Vietnam</span>

The automotive industry in Vietnam is a fast-growing sector mainly reliant on domestic sales. All currently produced models are designed abroad by foreign brands, and many rely on knock-down kit production. Due to high import taxes on automobiles, the Vietnamese government protects domestic manufacturing. Although Vietnam is a member of the ASEAN Free Trade Area, automobile imports fall under an exception. Since January 1, 2018, the 30% import tax has been discontinued as part of ASEAN agreements. Currently, the Vietnamese motor industry is not deemed competitive enough to make exports feasible. As of April 2018, 85% of car sales in Vietnam were produced domestically from knock-down kits.

<span class="mw-page-title-main">2018 Paris Motor Show</span> International auto show

The 2018 Paris Motor Show took place from 4 October to 14 October. For the first time, it consists in three shows dedicated to automobiles, motorcycles and new mobility.

<span class="mw-page-title-main">VinFast LUX A2.0</span> Vietnamese executive sedan

The VinFast LUX A2.0 is a four-door executive sedan produced by Vietnamese automaker VinFast between 2019 and 2022. The vehicle was built on a BMW 5 Series (F10) platform restyled by Pininfarina. It was revealed at the 2018 Paris Motor Show alongside the VinFast LUX SA2.0 crossover SUV.

<span class="mw-page-title-main">VinFast LUX SA2.0</span> Mid-size luxury crossover SUV

The VinFast LUX SA2.0 is a 5+2-seater mid-size luxury crossover SUV produced by Vietnamese automaker VinFast between 2019 and 2022. The vehicle was built on a BMW X5 (F15) platform restyled by Pininfarina. It was revealed at the 2018 Paris Motor Show alongside the VinFast LUX A2.0 sedan.

<span class="mw-page-title-main">VinFast Fadil</span> Vietnamese crossover hatchback

The VinFast Fadil is an A-segment crossover hatchback produced by Vietnamese automaker VinFast between 2019 and 2022. The vehicle is a rebadged Chevrolet Spark (M400).

<span class="mw-page-title-main">VinFast VF e34</span> Electric compact crossover SUV

The VinFast VF e34 is an electric compact crossover SUV manufactured and marketed by VinFast of Vingroup from 2021.

<span class="mw-page-title-main">VinFast VF 8</span> Electric mid-size crossover vehicle

The VinFast VF 8 is a battery electric mid-size crossover manufactured and marketed by VinFast of Vingroup from 2022.

<span class="mw-page-title-main">VinFast VF 9</span> Electric full-size crossover SUV

The VinFast VF 9 is an electric full-size crossover SUV manufactured and marketed by VinFast of Vingroup from 2021.

<span class="mw-page-title-main">VinFast VF 7</span> Electric compact crossover SUV

The VinFast VF 7 is an electric compact crossover SUV manufactured and marketed by VinFast of Vingroup.

<span class="mw-page-title-main">Plug-in electric vehicles in Vietnam</span>

The manufacture and adoption of electric vehicles have been given preferential treatment by the Vietnamese government in order to reduce vehicle emission pollution. From March 1, 2022, battery powered cars will be exempt from registration fees for 3 years, along with subject to reduced excise taxes.

<span class="mw-page-title-main">VinFast VF 6</span> Vietnamese electric subcompact SUV

The VinFast VF 6 is an smart electric subcompact crossover SUV that will be produced and marketed by VinFast from 2024. On January 6, 2022, the model was presented for the first time at the Consumer Electronics Show, and was shown in full at the 2022 Paris Motor Show.

<span class="mw-page-title-main">VinFast VF 5</span> Vietnamese crossover city car

The VinFast VF 5 is a battery electric crossover city car was produced and marketed by VinFast from 2023. On January 6, 2022, the model was presented for the first time at the Consumer Electronics Show, and was shown in full at the 2022 Paris Motor Show.

<span class="mw-page-title-main">VinFast VF 3</span> Motor vehicle

The VinFast VF 3 is an upcoming battery electric city car by VinFast, unveiled in 2023.

References

  1. ↑ "Form 8-A12B". www.sec.gov. Retrieved 15 August 2023.
  2. ↑ "VinFast looks for electric motorcycle distributors". VNS. VinGroup. 24 July 2018. Retrieved 25 October 2018.
  3. ↑ Nguyen, Phuong; Krolicki, Kevin; Krolicki, Kevin (24 May 2022). "Vietnam EV maker VinFast to shift legal HQ to Singapore ahead of first exports". Reuters. Retrieved 15 August 2023.
  4. ↑ "Constructeur". Paris Motor Show. Archived from the original on 3 April 2020. Retrieved 25 October 2018.
  5. ↑ Lucas Raheriarivony (10 September 2018). "Vinfast: L'énigmatique marque vietnamienne sera au Mondial" [Vinfast: The enigmatic Vietnamese brand will be at the World] (in French). Auto News. Retrieved 25 October 2018.
  6. ↑ "Le constructeur vietnamien VinFast dévoile ses deux premiers modèles de voitures" [Vietnamese manufacturer VinFast unveils first two car models] (in French). Le Progrès. 1 September 2018. Retrieved 25 October 2018.
  7. ↑ VnExpress. "VinFast eyes global market, to open car plant in US – VnExpress International". VnExpress International – Latest news, business, travel and analysis from Vietnam. Retrieved 13 March 2021.
  8. 1 2 Lê Ngà (28 September 2018). "VinFast – những bước chạy 'thần tốc'" [VinFast – steps to 'speed'] (in Vietnamese). VietnamFinance. Retrieved 25 October 2018.
  9. ↑ "A fully digital automotive factory". siemens.com.
  10. ↑ "GM forms partnership with Vietnam's VinFast". Financial Times. 28 June 2018. Retrieved 25 October 2018.(subscription required)
  11. ↑ Khanh Vu; Himani Sarkar (13 August 2018). "Vietnam's Vinfast in deal with Siemens for technology to make electric buses". Reuters . Retrieved 25 October 2018.
  12. ↑ "VinFast tests its first 155 LUX cars abroad". Việt Nam News.
  13. ↑ "VinFast to be title sponsor of Vietnam Grand Prix". Pitpass. 15 October 2019.
  14. ↑ "Auto newbie VinFast zooms to fifth place in sales – VnExpress International". VnExpress International.
  15. ↑ Parker, Sean. "SPOTTED | Vietnamese carmaker VinFast tests new SUV in SA". Wheels.
  16. ↑ "Carmaker VinFast posts $284 mln loss – VnExpress International". VnExpress International – Latest news, business, travel and analysis from Vietnam.
  17. 1 2 3 "Vietnam's Vinfast working on a double-cab ute". Stuff. 16 December 2020.
  18. ↑ "Vinfast to manufacture pick-up trucks". THE VOICE OF VIETNAM. 11 December 2020.
  19. ↑ "Michael Lohscheller Appointed New CEO of VinFast Global". vietnamnews.vn. Retrieved 12 February 2022.
  20. ↑ "Ex-Opel chief Lohscheller steps down as CEO of VinFast". Automotive News Europe. 27 December 2021. Retrieved 12 February 2022.
  21. ↑ "Biometrics to replace car keys for Genesis vehicle, Cerence voice control deployed by VinFast | Biometric Update". 30 September 2021.
  22. ↑ Doll, Scooter (28 December 2021). "VinFast delivers first ever Vietnamese EVs to local customers". Electrek. Retrieved 16 January 2022.
  23. ↑ Gilboy, James (16 August 2023). "Vinfast Isn't Worth $85 Billion, You Dorks". The Drive. Retrieved 17 August 2023.
  24. ↑ "Vinfast Isn't Worth $85 Billion, You Dorks". Yahoo Finance. 16 August 2023. Retrieved 17 August 2023.
  25. ↑ Mark, Kane. "VinFast Delivers Record Number Of EVs In Q4, But Misses 2023 Target". InsideEVs. Retrieved 10 February 2024.
  26. ↑ "Momentum of electric vehicle sales will continue, says Vietnam's VinFast". The CNBC Conversation. CNBC. Retrieved 10 February 2024.
  27. ↑ "VinFast supercharges global EV ambitions, with plans for factories in the US, Germany". KrASIA. 6 January 2022. Retrieved 11 January 2022.
  28. 1 2 "Vietnam's answer to Tesla has U.S. in its electric sights". Reuters. 30 April 2021. Retrieved 1 May 2021.
  29. ↑ "US IPO of VinFast could be delayed due to scrutiny over SPAC". Vietnam Investment Review. 28 May 2021.
  30. ↑ Nguyen, Phuong (8 April 2022). "Vietnamese automaker VinFast files for U.S. IPO to fund expansion". Reuters.
  31. ↑ Nguyen, Phuong; Krolicki, Kevin (24 May 2022). "Vietnam EV maker VinFast to shift HQ to Singapore ahead of IPO, first exports". Reuters . Retrieved 24 May 2022.
  32. 1 2 "Vietnam EV maker VinFast to shift legal HQ to Singapore ahead of first exports".
  33. ↑ Gordon, Brian (9 August 2023). "You will soon be able to buy VinFast stock. But it's taking a different path to market". News and Observer .
  34. ↑ Craver, Richard (10 August 2023). "VinFast merger gains shareholder approval; stock to begin trading Tuesday". Winston-Salem Journal .
  35. ↑ Rosevear, Sheila; Chiang, John (15 August 2023). "Vietnamese EV maker VinFast debuts on the Nasdaq after completing SPAC merger". CNBC . Retrieved 15 August 2023.
  36. ↑ "VinFast Commences Trading on Nasdaq with Ticker Symbols "VFS" and "VFSWW" on August 15th".
  37. 1 2 3 "VinFast German subsidiary gets license, Korea, China next – VnExpress International". VnExpress International – Latest news, business, travel and analysis from Vietnam.
  38. ↑ "Vietnam's VinFast enters Australia, eyes Holden assets – paultan.org". 28 February 2020.
  39. ↑ "Holden targeted by Vietnamese start-up". 25 February 2020.
  40. ↑ "Holden's sacked workers could be saved by VinFast". WhichCar. 10 March 2020.
  41. ↑ "GRAND OPENING OF VINFAST'S OFFICE IN AUSTRALIA". VinGroup.
  42. ↑ "VinFast closing Port Melbourne design and engineering office, but former Holden test track safe – Drive".
  43. ↑ "VinFast to temporarily close Australian R&D division due to COVID-19". Vietnam Investment Review. 9 May 2021.
  44. ↑ "What the $4B VinFast plant means for the Triangle – and the state | WRAL TechWire". wraltechwire.com. 29 March 2022. Retrieved 4 April 2022.
  45. ↑ "Governor Cooper Announces VinFast Automotive Selects North Carolina for Electric Vehicle Assembly Plant". governor.nc.gov. Retrieved 12 November 2022.
  46. ↑ Đức Anh, Nguyễn (29 July 2023). "VINFAST BREAKS GROUND AT NORTH CAROLINA ELECTRIC VEHICLE FACILITY". VF. Retrieved 1 August 2023.<
  47. 1 2 "VinFast automobiles to be sold in Russia". Vietnam Investment Review. 8 April 2019.
  48. ↑ "VinFast aiming to sell electric vehicles in the US, Europe, Russia by 2021 – founder to invest US$2 bil – paultan.org". 16 December 2019.
  49. ↑ "Vietnam's richest man bets US$2bil to sell cars to US | The Star". www.thestar.com.my.
  50. ↑ "Vietnam's Vinfast reveals trio of electric crossovers, including 2 for US". Motor Authority. 3 March 2023.
  51. ↑ "VinFast hires former Volkswagen executive as new global CEO". VnExpress International. Retrieved 27 July 2021.
  52. ↑ Krijgsman, Lars (26 March 2021). "Elektrische Vinfast VF 31 wordt VF e34". Autoweek.nl.
  53. ↑ "Vietnamese electric vehicle maker VinFast launches first showroom in Canada". thestar.com. 16 November 2022.
  54. ↑ "EV maker VinFast plans Asia expansion, to launch Indonesia plant in 2026". The Jakarta Post. Retrieved 14 September 2023.
  55. ↑ "Vietnamese carmaker VinFast to enter PH market this year". topgear.com.ph. 31 January 2024. Retrieved 27 March 2024.
  56. ↑ "VinFast: 'Woah'". YouTube. 21 August 2023.
  57. ↑ "With Anaheim Studios (Sorted by Popularity Ascending)". IMDb. Retrieved 21 September 2023.
  58. ↑ "VinFast - It's Time To Charge A Different Path". YouTube . 21 August 2023.
  59. ↑ All the Latest Features | VinFast VF 8 , retrieved 20 December 2023
  60. ↑ VinFast. "VinFast Unveils the Second Installment of "Changing Lanes" Campaign Starring Actor Joey Lawrence". www.prnewswire.com (Press release). Retrieved 20 December 2023.
  61. ↑ "VinFast Unveils the Second Installment of "Changing Lanes" Campaign Starring Actor Joey Lawrence". www.fox19.com. 18 December 2023. Retrieved 20 December 2023.
  62. 1 2 3 Hilton Holloway (2 October 2018). "Vinfast to launch Lux A2.0 and Lux AS2.0 saloon and SUV". Autocar . Retrieved 25 October 2018.
  63. ↑ Williams2019-09-11T13:19:00+01:00, Marcus. "VinFast ramps up production in Vietnam". Automotive Logistics.{{cite web}}: CS1 maint: numeric names: authors list (link)
  64. ↑ Desk, HT Auto (6 January 2022). "Vietnam's indigenous carmaker VinFast to stop making ICE vehicles in a year". Hindustan Times Auto News. Retrieved 16 January 2022.
  65. ↑ Tức 24h, Tin. "Hơn 24.000 đơn hàng dành cho các mẫu xe điện VinFast trong 48 tiếng". Tin tức 24h (in Vietnamese). Retrieved 10 January 2022.{{cite web}}: CS1 maint: numeric names: authors list (link)
  66. 1 2 Matthew H Tong (10 March 2018). "VinFast LUX A2.0 sedan and LUX SA2.0 SUV debut in Paris – BMW-based models to go on sale in June 2019". Paul Tan's Automotive News. Retrieved 25 October 2018.
  67. ↑ "VinFast enters luxury segment with new SUV – VnExpress International". VnExpress International.
  68. ↑ Luca Ciferri (29 September 2018). "Vietnam's VinFast taps European suppliers to become a global player". Automotive News Europe. Retrieved 25 October 2018.
  69. ↑ "VINFAST UNVEILS NEW ELECTRIC PICKUP TRUCK CONCEPT – VF WILD | VinFast". vinfastauto.us. Retrieved 27 March 2024.
  70. 1 2 Ha Vy (3 November 2018). "Vinfast launches electric motorcycle". Vietnam Investment Review. Retrieved 7 March 2019.
  71. ↑ Dylan Pastoor. "Vinfast and the Electric Vehicle Market in Vietnam" (PDF).
  72. ↑ chuyengiaphaxe. "VinFast ra mắt xe tay ga điện Klara – pin Lithium-ion, 3G, GPS, bán ra tháng này". Tinhte.vn.
  73. ↑ Kane, Mark (13 April 2021). "VinBus Launches First Electric Bus In Vietnam". InsideEVs . Retrieved 14 November 2022.
  74. ↑ "First VinBus electric buses launched in Vietnam". Sustainable Bus. 16 April 2021. Retrieved 14 November 2022.
  75. ↑
  76. ↑ "Auto industry seeks to develop components segment". Retail News Asia. 18 November 2020. Retrieved 7 December 2020.
  77. ↑ "GM forms partnership with Vietnam's VinFast". Financial Times . 28 June 2018.(subscription required)
  78. ↑ Holden's Lang Lang proving grounds sold to Vietnamese start-up VinFast, GMSV to continue testing on site The West Australian 9 September 2020
  79. ↑ "Vinfast settles on Lang Lang proving ground with $30m purchase price". CarExpert.com.au. 3 November 2020.
  80. ↑ Holden test track for sale again for second time Drive.com.au 25 October 2021
  81. ↑ maker VinFast plans Asia expansion, to launch Indonesia plant in 2026 Reuters.com 14 September 2023
  82. ↑ Pearson, James (4 May 2021). "Vietnam's VinFast reports customer to police after 'untrue' YouTube complaints". Reuters. Archived from the original on 8 May 2021. Retrieved 8 May 2021.
  83. ↑ "Vietnam's VinFast Reports Owner To Police For "Untrue" Criticisms About His Car In YouTube Video". Carscoops. 7 May 2021. Archived from the original on 8 May 2021. Retrieved 8 May 2021.
  84. ↑ "First Drive: The 2023 VinFast VF8 Is Unacceptable". roadandtrack.com. 12 May 2023. Retrieved 16 July 2023.
  85. ↑ "Critics Agree: The VinFast VF8 Is Very, Very Bad". jalopnik.com. 12 May 2023. Retrieved 16 July 2023.
  86. ↑ "First VinFast VF 8 Reviews Are Abysmal". kbb.com. 17 May 2023. Retrieved 16 July 2023.
  87. ↑ "Review: Don't buy the 2023 Vinfast VF 8 City Edition". greencarreports.com. 12 May 2023. Retrieved 16 July 2023.
  88. ↑ "The 2023 VinFast VF8 Got Skewered in First Drive Reviews". thedrive.com. 12 May 2023. Retrieved 16 July 2023.
  89. ↑ "2023 VinFast VF8 First Drive: Return to Sender". motortrend.com. 12 May 2023. Retrieved 16 July 2023.
  90. ↑ "Tested: 2023 VinFast VF8 Proves Building Cars Is Hard". caranddriver.com. 16 May 2023. Retrieved 16 July 2023.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.