Vietnam’s Vinfast to launch electric cars in US and Europe in 2022

Vietnam’s car manufacturer Vinfast said on Monday that it will launch two new electric vehicle models early next year in North America and Europe. One of the world’s most lucrative but crowded market for EV.

The carmaker is a subsidiary of Vietnam’s largest private conglomerate Vingroup. The Company is owned by the country’s richest man.

The company said Monday it had officially begun operations in the US, Canada, France, Germany and the Netherlands and had recruited staff and opened offices in these “key markets”.

All the vehicles will be made in Vietnam and it aims to launch its two new electric car models : the VF e35 and VF e36. The Company plans to launch both models in March 2022

Vinfast will face stiff competition, especially when going up against big-name brands including Volkswagen and Tesla. To prepare for its entry into global markets, the company said it had recruited experts from firms including Tesla, BMW and Toyota.

In their home market Vietnam Vinfast has already sold vehicles that include sedan and SUV models. The company also builds e-scooters and electric buses. It sold around 30,000 vehicles last year.

The firm introduced its domestic electric car model — the VF e34, costing about $29,000 — in January and has received around 25,000 pre-orders, the company says.

We will keep you posted about Vinfast’s electric vehicle progress.

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