Vinfast spends $5 million on Italian car designs

The winning design 'SUV 02'

Accordingly, on January 18, Vinfast signed the contract with Pininfarina to buy the two designs with the value of $5 million, while simultaneously releasing plans to buy the intellectual property rights from BMW to develop the designs. Vinfast expected to launch these car models the Paris Motorshow 2018 organised in October and Vietnam Motorshow 2018 in December.

Vinfast stated that after launching the two first automobile models, it will continue to collect opinions for the next models, aiming to manufacture products that meet customer demand.

Signing co-operation agreements with the world’s leading partners shows Vinfast’s determination to manufacture safe and modern automobiles meeting international standards.

Previously, Vinfast signed an agreement with Magna and AVL, two leading consultancy firms in automobile manufacturing technology.

In addition, on October 12, Vingroup, the owner of Vinfast, and Bosch, a global supplier of technology and services, signed a memorandum of understanding (MOU) on co-operation in car and e-scooter manufacturing.

Within the framework of the MOU, Bosch will lend a hand in manufacturing cars and e-scooters, including providing hardware and software solutions and services for Vinfast.

Regarding hardware, Bosch will provide Vinfast with components and equipment. Bosch will also support and provide consultancy for Vinfast to develop and apply automotive software and solutions for the operation and management of its factory, such as design and user experience services and customer solutions development.

The two sides will jointly research and apply technological solutions for Vinfast cars, aiming to introduce car models with modern features and bringing an outstanding experience to users. Moreover, Bosch will provide smart campus solutions for the Vinfast plant, including smart security and safety, connected mobility, smart operations, energy management, connected industry consultancy, and deployment.

Bosch will also advise Vinfast on establishing a vocational training centre. Bosch is a suitable partner for this activity due to its experience of investing in Bosch Technical Industrial Apprenticeship training center, aiming to develop high-skilled local technical workforce in Dong Nai province.

At present, Vinfast has accelerated construction works, aiming to complete the 500,000 square metres facility in Dinh Vu-Cat Hai Economic Zone by July this year.

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