VinFast expands network despite losses
The gross loss of Vingroup’s electric vehicle brand VinFast saw an increase of 7.3 per cent last year when the company expanded its commercial footprint.
The gross loss of Vingroup’s electric vehicle brand VinFast saw an increase of 7.3 per cent last year when the company expanded its commercial footprint.
Vingroup’s electric vehicle brand VinFast will lead the way for Vingroup’s investments in the Philippines in 2024, beginning with electric car and motorcycle dealerships.
VinFast has broken ground at its electric vehicle manufacturing site in North Carolina, marking a significant milestone toward its global expansion and the company’s supply chain development in North America.
“For VinFast, the vision was a better future—so the cars we design and create are just part of that bigger vision,” said VinFast’s Global CEO Le Thi Thu Thuy.
The assistance will support Vietnam’s efforts to achieve net-zero greenhouse gas emissions, and expand high-tech manufacturing industries.
VinFast officially opened its office in Melbourne, Australia, aiming to research and develop new car models and lay the foundation for VinFast’s international expansion, towards realizing the vision of becoming a global automobile brand in the future.
The Vietnamese auto maker also sold 50,000 electric bikes last year.
1,500 VinFast Fadil cars will be available through FastGo services for customers to experience in the coming months.
VinFast customers have enjoyed a memorable car handover this morning when they were hand-on with the final touch to finish their new car off, ready to roll out of the factory unit in excitement.
Automobile manufacturer VinFast, a member of Vietnam’s largest private enterprise Vingroup, has been put into operation today in Haiphong, ready for mass production of it cars three months earlier than the initial schedule.
The automobile manufacturing factory of VinFast in Haiphong would be put into operation three months earlier than its initial schedule.
The joint venture expects to provide premium products, thus promoting the support industry in Vietnam.
Vietnamese automaker VinFast has introduced the first car it produced in Haiphong-based factory.
VinFast will launch new Premium cars to the market by 2020 with a special competitive price policy covering all four segments A, B, C and D.