Top Things To Know About VinFast—The Trending New EV Brand From Vietnam

VinFast has emerged as a promising player in the global electric vehicle (EV) market, capturing attention with its bold vision, innovative technology, and rapid expansion. From its humble beginnings to becoming a global contender, this article explores VinFast’s journey, achievements, and future aspirations.

Detailed History

Founded in 2017, VinFast is a subsidiary of Vingroup, Vietnam’s largest private enterprise with interests in real estate, healthcare, education, and technology. The company was established with a vision to transform Vietnam into a manufacturing hub for world-class vehicles and compete globally.?

By 2018, just a year after its inception, VinFast debuted its first internal combustion engine (ICE) vehicles – the Lux A2.0 sedan, Lux SA2.0 SUV, and the Fadil hatchback – at the prestigious Paris Motor Show. This bold entry signalled the company’s ambition to challenge established automakers.

VinFast’s transition to electric vehicles began in 2021, reflecting its commitment to sustainability and aligning with global efforts to reduce carbon emissions. By focusing exclusively on EVs, the company positioned itself to address the growing demand for eco-friendly transportation.

Headquarters & Manufacturing Plant

VinFast’s global headquarters are located in Hanoi, Vietnam, serving as the strategic hub for its operations. The company’s primary manufacturing facility is in Hai Phong, an industrial port city in northern Vietnam.?

This state-of-the-art plant spans a massive 335 hectares and is equipped with advanced robotic technology, with automation levels exceeding 90% in certain production lines. The facility’s current annual production capacity is 250,000 vehicles, scalable to 500,000 vehicles to meet future demand.

To support its global expansion, VinFast is constructing a manufacturing plant in North Carolina, USA, with a planned investment of $4 billion. Expected to be operational by 2025, this facility will cater to the North American market, producing both vehicles and batteries, further strengthening VinFast’s presence in the region.

Automotive Manufacturing & Partnerships

VinFast’s rapid entry into the automotive sector was underpinned by strategic collaborations with global industry leaders. Key partnerships included:

• Pininfarina: The Italian design house responsible for styling VinFast’s Lux models.
• Magna Steyr: An Austrian automotive giant that assisted in engineering and manufacturing development.
• ZF Group: A German supplier providing advanced chassis and transmission technologies.

These collaborations ensured that VinFast’s vehicles met international standards in design, performance, and safety.

Current EV Line-up

VinFast’s electric vehicle lineup demonstrates its commitment to sustainability and innovation. Each model is designed to cater to various market segments:

• VF e34: A compact electric SUV, primarily targeting the Vietnamese market. It features a 42 kWh battery, a range of 285 km per charge, and a competitive price point to make EVs accessible to first-time buyers.
• VF 5 Plus: A subcompact SUV offering a 37.23 kWh battery and an estimated range of 300 km, making it ideal for urban commuters seeking affordability and convenience.
• VF 6: A small electric crossover featuring a stylish design and practical features for young professionals, with a range of up to 399 km.
• VF 7: A compact SUV designed for versatility and modern aesthetics, aimed at families and active lifestyles.
• VF 8: A mid-size SUV designed for global markets. With a range of up to 471 km, the VF 8 offers luxurious interiors, advanced driver-assistance systems (ADAS), and over-the-air (OTA) software updates.
• VF 9: A full-size luxury SUV with three-row seating, suitable for families and premium customers. It boasts a range of 580 km and features sustainable materials in its interior design.

All VinFast EVs come equipped with advanced connectivity, including smart infotainment systems and cloud-based services.

Other Topics

• Global Operations
• Presence In The UAE
• VinFast's Valuation At NASDAQ
• Awards, Accolades & Achievements
• Future Products
• Additional Information
• FAQs

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