Vietnamese firm exports first electric cars to the US
VinFast, the car-making arm of Vietnam's private conglomerate Vingroup, today shipped 999 electric units to the US.
VinFast, the car-making arm of Vietnam's private conglomerate Vingroup, today shipped 999 electric units to the US.
The cooperation between VinFast and the Hanoi-based University of Transport Technology is part of efforts to create a comprehensive electric vehicle (EV) ecosystem for Vietnam.
It is part of the company's expansion plan in global markets.
The Vietnamese company plans to build its production facilities for battery and charging equipment in the US and Europe, as part of its global expansion strategy.
The move is aimed at promoting the use of more environmentally-friendly car models in Vietnam.
The phase-out of fossil-fueled cars in Europe and North America will be a great opportunity for VinFast to conquer these markets.
The startup wishes to replace 250 million gasoline motorbikes with electric scooters in Southeast Asia.