Vietnam Car Maker VinFast To Build U.S. Battery Factory As It Goes All-Electric

Author : Dhowcruise
Publish Date : 2022-02-28 00:00:00


Vietnam Car Maker VinFast To Build U.S. Battery Factory As It Goes All-Electric

Vietnam's VinFast plans to build electric vehicle battery cells and packs in a new U.S. manufacturing complex, its global chief executive told Reuters, as the company pledged to transform itself into an all-electric automaker by the end of this year. VinFast, part of Vingroup JSC, the largest conglomerate in the Communist-ruled country, became the country's first full-fledged domestic car maker when petrol-powered models built under its own badge hit the streets in 2019. The company, which began selling EVs in Vietnam at the end of 2021, said in a statement on Thursday it planned to become what it said would be the first car company to cease making petrol-powered cars and transition to all-electric vehicle production from late 2022. VinFast is betting big on the U.S. market, where it hopes its electric SUVs and a battery leasing model will be enough to tempt consumers away from the likes of Tesla and General Motors.

Vietnam's VinFast plans to build electric vehicle battery cells and packs in a new U.S. manufacturing complex, its global chief executive told Reuters, as the company pledged to transform itself into an all-electric automaker by the end of this year. VinFast, part of Vingroup JSC, the largest conglomerate in the Communist-ruled country, became the country's first full-fledged domestic car maker when petrol-powered models built under its own badge hit the streets in 2019. The company, which began selling EVs in Vietnam at the end of 2021, said in a statement on Thursday it planned to become what it said would be the first car company to cease making petrol-powered cars and transition to all-electric vehicle production from late 2022. VinFast is betting big on the U.S. market, where it hopes its electric SUVs and a battery leasing model will be enough to tempt consumers away from the likes of Tesla and General Motors.

Vietnam's VinFast plans to build electric vehicle battery cells and packs in a new U.S. manufacturing complex, its global chief executive told Reuters, as the company pledged to transform itself into an all-electric automaker by the end of this year. VinFast, part of Vingroup JSC, the largest conglomerate in the Communist-ruled country, became the country's first full-fledged domestic car maker when petrol-powered models built under its own badge hit the streets in 2019. The company, which began selling EVs in Vietnam at the end of 2021, said in a statement on Thursday it planned to become what it said would be the first car company to cease making petrol-powered cars and transition to all-electric vehicle production from late 2022. VinFast is betting big on the U.S. market, where it hopes its electric SUVs and a battery leasing model will be enough to tempt consumers away from the likes of Tesla and General Motors.

Vietnam's VinFast plans to build electric vehicle battery cells and packs in a new U.S. manufacturing complex, its global chief executive told Reuters, as the company pledged to transform itself into an all-electric automaker by the end of this year. VinFast, part of Vingroup JSC, the largest conglomerate in the Communist-ruled country, became the country's first full-fledged domestic car maker when petrol-powered models built under its own badge hit the streets in 2019. The company, which began selling EVs in Vietnam at the end of 2021, said in a statement on Thursday it planned to become what it said would be the first car company to cease making petrol-powered cars and transition to all-electric vehicle production from late 2022. VinFast is betting big on the U.S. market, where it hopes its electric SUVs and a battery leasing model will be enough to tempt consumers away from the likes of Tesla and General Motors.

Vietnam's VinFast plans to build electric vehicle battery cells and packs in a new U.S. manufacturing complex, its global chief executive told Reuters, as the company pledged to transform itself into an all-electric automaker by the end of this year. VinFast, part of Vingroup JSC, the largest conglomerate in the Communist-ruled country, became the country's first full-fledged domestic car maker when petrol-powered models built under its own badge hit the streets in 2019. The company, which began selling EVs in Vietnam at the end of 2021, said in a statement on Thursday it planned to become what it said would be the first car company to cease making petrol-powered cars and transition to all-electric vehicle production from late 2022. VinFast is betting big on the U.S. market, where it hopes its electric SUVs and a battery leasing model will be enough to tempt consumers away from the likes of Tesla and General Motors.

Vietnam's VinFast plans to build electric vehicle battery cells and packs in a new U.S. manufacturing complex, its global chief executive told Reuters, as the company pledged to transform itself into an all-electric automaker by the end of this year. VinFast, part of Vingroup JSC, the largest conglomerate in the Communist-ruled country, became the country's first full-fledged domestic car maker when petrol-powered models built under its own badge hit the streets in 2019. The company, which began selling EVs in Vietnam at the end of 2021, said in a statement on Thursday it planned to become what it said would be the first car company to cease making petrol-powered cars and transition to all-electric vehicle production from late 2022. VinFast is betting big on the U.S. market, where it hopes its electric SUVs and a battery leasing model will be enough to tempt consumers away from the likes of Tesla and General Motors.

Vietnam's VinFast plans to build electric vehicle battery cells and packs in a new U.S. manufacturing complex, its global chief executive told Reuters, as the company pledged to transform itself into an all-electric automaker by the end of this year. VinFast, part of Vingroup JSC, the largest conglomerate in the Communist-ruled country, became the country's first full-fledged domestic car maker when petrol-powered models built under its own badge hit the streets in 2019. The company, which began selling EVs in Vietnam at the end of 2021, said in a statement on Thursday it planned to become what it said would be the first car company to cease making petrol-powered cars and transition to all-electric vehicle production from late 2022. VinFast is betting big on the U.S. market, where it hopes its electric SUVs and a battery leasing model will be enough to tempt consumers away from the likes of Tesla and General Motors.



Category :travel

Priyanka Gandhi Holds Postmortem Of Congresss UP Collapse

Priyanka Gandhi Holds Postmortem Of Congresss UP Collapse

- Despite the high voltage "ladki hoon lad sakti hoon" (I am a girl and can fight) campaign, the Congress managed to get only


SHIB Developers to Soon Floor Layer-2 Shibarium Network on Ethereum Mainnet: Details

SHIB Developers to Soon Floor Layer-2 Shibarium Network on Ethereum Mainnet: Details

- The team behind the Shiba Inu memecoin has decided to expand the availability of its underlying technology to get more Web3


Students Should Be Taught Art Of Collaboration For Good Job Opportunities: Delhi University VC

Students Should Be Taught Art Of Collaboration For Good Job Opportunities: Delhi University VC

- The first day of the event saw 650 students facilitated in offline interviews and 1,200 students in online interviews. Thirteen companies


Cannes 2022: Ranveer Singh Is Smitten By Deepika Padukones Red Carpet Look. You?

Cannes 2022: Ranveer Singh Is Smitten By Deepika Padukones Red Carpet Look. You?

- As jury member this year, Deepika Padukone is required to make more red carpet appearances than she