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Vietnam’s VinFast begins shipping first electric vehicles to North America and Europe



Vietnamese electric vehicle maker VinFast will ship about 5,000 vehicles to customers in the U.S., Canada and Europe in early November, according to a statement from parent company Vingroup. Global deliveries will begin in a month, the statement said. The announcement comes after VinFast started delivering the first batch of 100 VF8 models of the all-electric sport utility vehicle (SUV) to local customers on September 10 at its plant in the northern port city of Hai Phong. A mid-size SUV at a very competitive price…

Vietnamese electric vehicle maker VinFast will ship about 5,000 vehicles to customers in the U.S., Canada and Europe in early November, according to a statement from parent company Vingroup.

Global deliveries will begin in a month, the statement said.

The announcement comes after VinFast started delivering the first batch of 100 VF8 models of the all-electric sport utility vehicle (SUV) to local customers on September 10 at its plant in the northern port city of Hai Phong.

competitive price

Pricing for the midsize SUV starts at $57,000 (including battery) and $42,200 (with a monthly battery subscription), the automaker said on its website.

VinFast’s global chief executive Le Thi Thu Thuy said the company has registered nearly 65,000 reservations worldwide and expects to sell 750,000 electric vehicles annually by 2026, starting with the VF8 and VF9 all-electric SUVs .

In March, VinFast said it would build a production plant in North Carolina, with an initial estimated annual capacity of 150,000 electric vehicles. It used banks to raise at least $4 billion in funding for the project in July, as well as about $2 billion in incentives for the plant, which is scheduled to start production in 2024.

Applause for styling, but not battery range

Automotive journalists praised the VF8 and VF9 models by Italian design firms Pininfarina and Torini for their “eye-catching styling”, powerful drivetrains and competitive prices. On the downside, they criticized the battery’s mediocre range and minimalist interior, among other things.



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