VinFast sets wheels in motion in Indonesia

February 19, 2024 | 08:40
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VinFast, the Vietnamese electric vehicle (EV) manufacturing arm of Vingroup, announced the signing of a partnership with its first five dealerships in Indonesia on February 16, as part of the 2024 International Indonesia Motor Show.
VinFast sets wheels in motion in Indonesia

The move signifies VinFast's ambitious push to establish a foothold in Indonesia, a crucial market in the region's automotive sector.

The newly formed alliances with dealers BAM, GNA, and GSU in Jakarta, MCA in Medan, and Majesty in Batam, mark VinFast's first step towards building its brand presence and connecting with local consumers. The collaboration aims to accelerate the adoption of EVs in Indonesia, offering a range of models including the VF 5, VF e34, VF 6, and VF 7, with sales expected to commence following their official market launch. Details regarding orders, pricing, and after-sales services are slated for release in the first half of 2024.

In an interview, Tran Quoc Huy, general director of VinFast Indonesia, said, "By aligning with Indonesia's most reputable dealers, VinFast intends to deliver smart, eco-friendly mobility solutions to the local market. This collaboration lays down a robust foundation for both VinFast and our partners, and it paves the way for the limitless potential of the green transportation sector in both the local and regional landscapes."

"This is a market with a considerable population, approximately 250 million people, and the total volume of cars sold in Indonesia tends to be around one million vehicles, so VinFast sees this as a market brimming with potential. Additionally, the Indonesian government is implementing supportive policies for EV products through import tax policies that actively support the EV ecosystem. That's why VinFast is investing in the Indonesian market," added Huy.

Hartono Kurniawan, director of BAM, said, "VinFast is a brand with a profound green vision and a solid foothold in the EV industry that can enrich the Indonesian market with a broad array of international standard products, competitive pricing, and superior after-sales support. This partnership is poised to be a catalyst for growth in Indonesia's automotive industry."

VinFast's long-term strategy in Indonesia includes the establishment of a manufacturing facility with the capacity to produce up to 50,000 EV annually. Aiming for a localisation rate of up to 40 per cent, the VinFast factory project is expected to generate thousands of job opportunities and boost the local EV industry. Once operational, Indonesia will also play a crucial role in VinFast's global EV supply chain.

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By Nhat Minh

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