VinFast Exports First Batch of EVs to the US

VinFast, a Vietnamese EV startup, recently held a ceremony to officially flag off a consignment of 999 electric vehicles that were in route to customers in the United States. This batch of vehicles is the first shipment that the company is making to the international market, and it has been touted as a major milestone for the auto industry in Vietnam.

The consignment of nearly a thousand electric vehicles was loaded onto Silver Queen, a charter ship flying a Panama flag. These vehicles left a Hai Pong, Vietnam, port and are expected to arrive off the coast of California approximately 20 days after the ship set sail. The company announced that its first U.S. customers can expect to receive their vehicles in December once the shipment is offloaded and cleared by customs.

The cargo contains the VF 8, one of the premier SUVs currently being marketed by VinFast. The 999 vehicles destined for the United States are part of an order of 65,000 EVs that the company has secured to supply buyers outside Vietnam. VF 9, another SUV made by the company, also features in those international orders. The company is slated to ship more vehicles to the U.S., Canada and Europe for delivery to clients within the first months of next year.

The VF 9 hasn’t yet hit the market, but VinFast expects to roll them off the production line and get them to the first domestic and international clients in early 2023.

During the event to flag off the 999 EVs headed to the U.S., Nguyen V. Guang, VinFast vice chairman and VinGroup CEO, remarked that the consignment of electric vehicles provided proof that Vietnam had demonstrated its capacity to manufacture high-quality vehicles that could compete globally alongside EVs from other manufacturers from around the world. He hoped that as those vehicles are driven on streets around the world, Vietnam’s image as a progressive and dynamic country would be boosted.

The VF 8 and the VF 9 SUVs are notable for their luxurious design, affordable pricing and advanced technologies, as well as industry-leading after-sales services.

VinFast isn’t only attracting the attention of individual motorists. At this year’s L.A. Auto Show, which was held Nov. 17–28, the company announced that it had inked a deal to supply Autonomy with electric vehicles. Autonomy is the largest U.S. firm within the car subscription service segment.

Apart from the VF 8 and the VF 9, the company also makes three other electric vehicle models: the VF 5, the VF 6 and the VF 7. The company is about to start accepting reservations for these additional three models in its bid to serve a broader section of the international market.

The race is officially on between VinFast and other players in this space, such as Workhorse Group Inc. (NASDAQ: WKHS), for buyers of electric vehicles.

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