vingroup

Vietnam’s Elon Musk challenger turns heads in 2023

VinFast is in the process of building an electric vehicle plant in North Carolina that is awaiting final regulatory approval from local officials.

The elevated cooperation will enable both companies to promote innovation of battery technologies and global e-mobility, contributing to global drive for energy transition and carbon neutrality goals.

The opening of the headquarters aims to amplify its business activities in the region, develop its extensive direct-to-consumer retail network, and roll out mobile service.

This is an important milestone on VinBus’ roadmap, in line with the government’s Action Program on green energy transformation and reduction of carbon and methane emissions in the transportation industry.

Vietnam’s VinFast taps banks for $4 bln EV factory funding deal

The collaboration is part of a continued effort from Vingroup to work with top tier global suppliers who can aid with manufacturing development, smart services and electric vehicle initiatives

Speaking at an annual general meeting, Pham Nhat Vuong, the chairman of parent company Vingroup explained that the move might be pushed back due to market uncertainties.

Within this project, for each reservation made for a VF 8 or VF 9 from January 5, 2022, to May 30, 2022 (California time, USA), VinFast will plant one tree and contribute to projects that plant trees and restore forests in the world.

These two EV models are expected to be launched throughout the global market by the middle of 2022.

Winners of VinFuture’s $4.5m global sci-tech prizes announced

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