The upstart auto maker is hoping that offshoring its manufacturing to the U.S. will help it tap into the growing American demand for electric vehicles.
The chairman of Vietnam’s Vingroup conglomerate said on Saturday that the company’s auto unit, VinFast, would seek financing from the U.S. government to support its expansion with a planned plant in North Carolina.
VinFast, the Vietnamese automaker under Vingroup, said Tuesday it will build its first U.S. factory in North Carolina, part of the company’s previously stated plans to invest and expand in the country.
Vietnam’s Tesla (TSLA.O) wannabe is speeding up. Carmaker Vinfast will stop making internal combustion engine models by the end of 2022 and aims to sell overseas as it goes all-electric.
The competition to become the main player in the production of EVs in Southeast Asia is starting to heat up.
Hanoi plans to collect toll fees from cars entering downtown areas at up to VND60,000 ($2.65) a time, Hanoi Public Transport Management Center stated.
Vietnamese automaker Vinfast will begin taking pre-orders in the U.S. market for its VF e35 and e36 electric SUVs in the first half of 2022 and expects to begin delivering them by the end of the year, global Chief Executive…
Vietnam is about to enter the motorization period when the market will boom and the air will become polluted. Policies on restricting the use of old-technology vehicles and encouraging green, clean vehicles are needed.
The Ministry of Finance has recommended that registration fees for electric cars must be half that of gasoline vehicles to encourage usage.
But upstart electric carmaker will face a tough road to commercial success in American and European markets.
Conglomerate seeks to sell high-end vehicles including electric cars as it ponders US IPO
Vietnamese car maker VinFast has reported one of its customers to the police over comments he made on YouTube about the quality of his car.
Vietnam’s largest conglomerate Vingroup said on Friday its car unit was in early stage talks with Taiwan’s Foxconn about working together and that any partnership formed would focus on developing batteries and electric car parts.
Automaker VinFast has signed a memorandum of understanding on strategic cooperation with Taiwan’s ProLogium Technology Co.. Ltd. on production of batteries for electric cars in Vietnam.
Vietnamese electric-vehicle startup VinFast plans to open a U.S. factory after setting up a 50-member San Francisco research office as it prepares for California automobile sales in 2022.
Vietnam’s first domestic car manufacturer, Vinfast, said on Monday it had obtained a permit to test autonomous vehicles on public streets in California.
Vietnam’s inaugural Formula One Grand Prix “might not happen” next year, a source told AFP on Tuesday, as a report said it had been dropped from the 2021 calendar following the arrest of a key official.
Automaker launches $140m project after topping sales rankings for first time
Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 24,002 automobiles in June, up 26 per cent compared to the previous month but down 13 per cent year on year.