VinFast plans to start electric car factory in the U.S.


VinFast plans to start electric car factory in the U.S.

VinFast, Vietnamese electric-vehicle startup has thoughts of opening a U.S. factory after creating a 50-member San Francisco research office as it wants to enhance the California sales in 2022. In 2019, VinFast established by Pham Nhat Vuong, a billionaire started delivering gasoline autos to Vietnamese consumers installedwith BMW-licensed engines.

Thai Thanh Hai, ViFast Chief Executive Officer, sent a mail response declining to reveal any details. The firm is taking a step further and planning to start sales in Canada and Europe the coming year. “VinFast’s vision is to become a global smart electric car company and the U.S. market is one of the first international markets that we will focus on,” she said. “We initially will develop high-end models for the U.S.”

California Governor Gavin Newsom’s executive order in September to phase out sales of new gasoline-powered cars by 2035 is an added impetus for the company to sell EVs in the U.S., Hai said. “This will help VinFast enter the market faster and also inspire VinFast to invest more strongly in the U.S. market,” she said.

R&D Institute of VinFast along with its offices in San Francisco, Australia and Vietnam is based on autonomous automobile technology as per the information provided by Bui Hai Hung, head of VinAI Research.

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