Vietnamese carmaker aims to conquer European high-end electric car market
The Le Monde newspaper of France has recently posted an article reporting that VinFast automaker of Vietnam’s conglomerate Vingroup has entered the high-end electric car market in Europe, as it is expected to launch two models in France and Germany by late 2022.
Hanoi (VNA)𒆙 – The Le Monde newspaper of France has recently posted anarticle reporting that VinFast automaker of Vietnam’s conglomerate Vingroup hasentered the high-end electric car market in Europe, as it is expected to launch two models inFrance and Germany by late 2022.
“Notso long ago, an unknown Vietnamese automaker with ambition to gain a footholdin the premium market would hardly have been taken seriously. Today, thearrival of the VinFast brand is not entirely surprising.
🦩 “Theelectric car has become the horizon of the automobile industry, andtechnological barriers such as income from the situation inherited from thereign of thermal engines are cracking,” wrote the article.
Sinceits presence in 2018 at the Paris Motor Show, VinFast has worked hard to builda factory capable of producing 250,000 vehicles per year in the northern portcity of Hai Phong, with an investment of 4.4 billion USD, the article continued. Itadded that after having produced 30,000 units of thermal models in 2020 based onBMW and General Motors technologies, the Vietnamese manufacturer on September23 presented two full-size electric vehicles in Italy, which will be marketedat the end of 2022 in the US, Canada, Germany, France and the Netherlands. Therange will expand in the following years. “VinFastwill be top-of-the-range cars with top-notch equipment, but at the rightprice,” assured Thomas Chrétien, the company's marketing director for Europe. VinFastposts an annual revenue of 16 billion USD, making up over 2 percent of Vietnam’sgross domestic product./.
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An electric bus of VinFast (Photo: VinFast) 
