VinFast North America, a new automotive company, recently launched with a mission to combine the US and Canadian operations. The new company is a joint venture of two leading automakers, VinFast and General Motors (GM). It will be based in Detroit but will have offices throughout Canada and the US. The venture is expected to bring together both companies’ expertise in sales and design, as well as their global presence, to create a dynamic on-road experience for customers across North America. With this launch, VinFast North America aims to become a leader in the automotive industry by delivering vehicles with advanced technology and innovative design. Read on to learn more about VinFast North America’s launch and what it could mean for the automotive industry.
The History of VinFast
VinFast is a Vietnamese car company founded in 2017. The company is a subsidiary of Vingroup, the largest privately-owned conglomerate in Vietnam. VinFast designs, manufactures, and sells vehicles under its own brand. It is headquartered in Hanoi, Vietnam.
The company was established in 2017 as part of Vingroup’s plan to enter the automotive industry. VinFast is the first and only Vietnamese car company. Its first factory is located in Hai Phong, Vietnam. The company plans to eventually have factories all over the world.
VinFast’s first two models are the LUX A2.0 sedan and the LUX SA2.0 SUV. Both cars were designed by Pininfarina, an Italian design firm. The LUX A2.0 was unveiled at the 2018 Paris Motor Show and went on sale in Vietnam in 2019. The LUX SA2.0 was unveiled at the 2019 Frankfurt Motor Show and will go on sale in 2020.
VinFast has plans to sell cars in other markets besides Vietnam. In 2019, the company announced that it would begin sales in Australia and New Zealand in 2020. In 2020, VinFast announced that it would start sales in Canada and the United States as well
VinFast North America Launches
VinFast North America has officially launched, combining US and Canadian operations in one super-efficient entity. The new company will be based in Detroit, Michigan, and will serve customers in both countries with a complete range of automotive products and services.
“The launch of VinFast North America is a major milestone for our company,” said CEO Pham Nhat Vuong. “It marks our commitment to becoming a truly global player in the automotive industry.”
With its strong manufacturing base and vast experience in the automotive sector, VinFast is well-positioned to serve customers in North America. The company’s product portfolio includes passenger cars, commercial vehicles, electric vehicles, and motorcycles.
“We are very excited about the opportunities that lie ahead for VinFast in North America,” said Vuong. “This is a key market for us, and we are confident that our products and services will find favor with consumers here.”
The Future of VinFast
There is no doubt that VinFast is on the rise. The company has already made a name for itself in the electric vehicle industry and is now looking to expand its reach into the North American market. This move will allow VinFast to tap into a new customer base and further solidify its position as a leading EV manufacturer.
The future of VinFast looks bright. The company is continuing to invest in new technologies and is committed to delivering quality products to its customers. With its strong presence in North America, VinFast is well-positioned to become a major player in the global EV market.