VinFast expands into Southeast Asian market

May 19, 2023 | 10:36

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At the Future Mobility Asia 2023 event in Thailand, VinFast – the electric vehicle (EV) manufacturer from Vingroup – made a groundbreaking announcement, unveiling its expansion plans into the Southeast Asian market while maintaining its existing focus on North America and Europe.

VinFast expands into Southeast Asian market

During the event, VinFast showcased three EV models, the VF e34, VF 8, and VF 9, and provided attendees with the opportunity to test drive the vehicles, offering first-hand experience of their intelligent features.

Vice chairwoman of Vingroup and chairwoman of VinFast, Le Thi Thu Thuy, expressed that this expansion aligns with VinFast's global development strategy, aiming to deliver smart, safe, and exceptional mobility solutions in ASEAN countries to drive a greener future for everyone.

VinFast is a globally renowned EV manufacturer with a comprehensive and diverse ecosystem. The company offers a wide range of products, including electric cars spanning the economy to luxury segments (VF e34, VF 5, VF 6, VF 7, VF 8, and VF 9), eight electric motorcycle models (Klara, Impes, Ludo, Tempest, Evo200, Feliz, Vento, and Theon), and electric buses, as well as advanced battery and charging solutions.

Southeast Asian countries present strong potential as consumer markets for EVs and are characterised by abundant room for growth and rapid expansion.

With favourable geographical positioning, similar business environments, and shared standards, the Southeast Asian market holds the key to driving the comprehensive development of VinFast's products and services, along with its parent company Vingroup.

VinFast revs up for $23 billion SPAC merger and US stock market entry

VinFast Auto Pte. Ltd. (VinFast), a manufacturer of electric vehicles (EVs) from the Vietnamese conglomerate Vingroup, and Black Spade Acquisition Co. (Black Spade) announced a momentous business merger agreement on May 12.

By Lam Tien

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