VinFast To Manufacture Made-In-Vietnam Cars For Global Market

VIETNAM: Vingroup, Vietnam’s largest private corporation, is looking to add automobile production into its impressive repertoire – one which already covers the non profit sector as well as the real estate, shopping, amusement park, convenience shop and housebuilding industry.

During this year’s Paris Motor Show the company had unveiled two of its LUX vehicles – an all-new sedan and a crossover inspired by the Vietnamese people – and plans to go global with its production output in the future. Based on a novel architecture that was developed by VinFast, the LUX vehicles were co-created alongside global leaders such as Magna Steyr and Bosch with the intention of an expedited development-to-market cycle.

Kevin Fisher, Vice President of Engineering at VinFast has said, “Our partnership strategy will enable us to achieve two crucial engineering imperatives – quality and timing”.While prototype testing of the two vehicles that have been showcased is currently underway, VinFast’s automobile manufacturing facility in Vietnam is already opened for operations and the company intends to develop a city car through its partnership with General Motors (GM) while also expanding its eScooter line through the addition of a small electric car by 2019.

Through its partnership with GM, VinFast has also attained exclusive distribution rights for Chevrolet-branded vehicles in Vietnam. Similarly, although additional technology agreements between GM and VinFast are still being discussed, most of GM’s operations in Vietnam will be transferred to VinFast, such as the company’s large Hanoi plant which is scheduled to be transferred before the end of 2018.

Moving forward, VinFast is also collaborating with Siemens to manufacture electric buses for the Vietnamese market which are scheduled to be sold domestically in June 2019. A vision that is aligned to VinFast’s supply chain for electric mobility in its operations.

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