Vietnam’s VinFast to ship EVs to N America, Europe

Vietnam’s VinFast to ship EVs to N America, Europe

Advertising for VinFast, a Vietnamese automaker producing electric cars and SUV's, is seen at Santa Monica Place where their showroom opened last week in Santa Monica, California, on July 18, 2022. (Photo: AFP)
Advertising for VinFast, a Vietnamese automaker producing electric cars and SUV's, is seen at Santa Monica Place where their showroom opened last week in Santa Monica, California, on July 18, 2022. (Photo: AFP)

VinFast, an electric carmaker backed by Vietnam’s richest man, will ship about 5,000 vehicles to customers in the United States, Canada and Europe early November and begin global deliveries a month later, according to a statement from parent company Vingroup JSC.

VinFast delivered its first international model, the VF8 sports utility vehicle, to Vietnamese customers Saturday at its factory in the northern port city of Haiphong. 

Prices for the mid-size SUV start at US$57,000 for those that include a battery and from $42,200 for those with a monthly battery subscription, the carmaker said on its website. 

VinFast, which said in July that it had signed agreements with banks to raise at least $4 billion to help its US expansion, has about 73,000 global reservations for its electric vehicles (EVs), according to the company. It has secured about $1.2 billion in incentives for its planned EV factory in North Carolina, where it intends to start production in 2024, according to the auto manufacturer. 


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