vinfast

VinFast is betting big on the U.S. market, where it hopes its electric SUVs and a battery leasing model will be enough to tempt consumers away from the likes of Tesla and General Motors.

VinFast is Vietnam’s answer to the surging global demand for electric vehicles.

With a projected $60 billion valuation, Vinfast will enter a U.S. market that’s riding a wave of EV investments

It expects to take global preorders for the EVs in the first half of 2022

The fundraising exercise comes as #VinFast, Vingroup’s automobile arm, is betting big on the U.S. market

Lured by a $20.5 million state tax credit, Vietnamese automaker VinFast has announced its U.S. headquarters will be located in Los Angeles — a move that builds on the company’s initial $200 million investment in California.

VinFast, a Vietnamese EV manufacturer, received a $20,500,000 credit to establish its United States headquarters in California. It will make over $200 million in capital investments and create at least 1065 new full-time jobs.

The company was looking to establish a second VinFast automobile plant in the same region as the battery plant

Battery for electric vehicles (EVs) that can charge to 80% in five minutes, 100% solid-state battery without risk of fire with capacity three times higher than current lithium batteries. Technologies of the future are about to be featured on VinFast’s EV models

VinFast, the first Vietnamese car brand on Monday officially kick-starts its branches in the US, Canada, France, Germany and the Netherlands in preparation for its launch in those markets, moving closer towards the goal of becoming a global smart electric car company.

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