VinFast's business is growing at a rapid rate. VinFast was established in 2017 but it has been selling cars in its home country of Vietnam for the past two years. It is now planning an US expansion.
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VinFast is also planning to introduce its cars in Europe as well as other regions of Asia at the end of this year.
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Additionally, VinFast is planning on the construction of two new production facilities : one located in North Carolina and another at an unidentified site in Germany.
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What is the reason VinFast was capable of expanding so rapidly? While most startups have to spend the first few years trying to raise funds, VinFast has had an ample amount of support from the beginning.
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This company belongs to Vingroup the largest conglomerate in Vietnam. Vingroup is a multi-billion-dollar company that operates in various industries including property.
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Holiday resorts (VinPearl) Pharmacy (VinFA) and that's only the beginning of the of the iceberg. Therefore, when Vingroup decided to venture into the auto industry via VinFast.
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VinFast's six initial US showrooms will begin opening in the coming week. Thirty will be up and running at the end of the year. And all of them are located in shopping centers within California. California.
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The six showrooms that are currently open are: San Diego, Berkeley, Santa Monica, Commerce, San Mateo, and Corte Madera.
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VinFast will launch two EVs in America, the VF8 crossover and the VF9 SUV. Prices begin at $40,000 and $55,500, respectively.
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If you get the largest batteries available the VF8 boasts a 292-mile range while the larger VF9 can reach up to 369 miles on one charge, as per VinFast.
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By Electrekvs