VinFast

VinFast’s founder has announced a new arm called V-Green to build EV chargers, focused on bolstering global access while prioritizing sessions for VinFast drivers, accelerating the Vietnamese automaker’s expansion into new markets. Just when you think VinFast has already spread itself too thin, it has announced yet another expensive venture into another key segment in electrification. The automotive arm of Vietnamese conglomerate VinGroup is a mere six years old and has only been building BEVs since…

Following recent Q4 2023 results that relayed a miss on annual delivery targets, Vietnamese EV automaker VinFast continues to bolster its global presence with the help of distribution specialists. Today, VinFast and a local dealer network in the Middle East signed an agreement to bring the former’s EVs to the region. 2023 was a big year for young EV automaker VinFast ($VFS), which saw revenues rise, but deliveries slip due to several issues. Since parent company VinGroup opened up its automotive arm in…

The Vietnamese automaker VinFast Auto, in its attempt to capture the demand of the growing Indian electric vehicle market, has commenced the construction of its state-of-the-art manufacturing facility in Tamil Nadu. For this new plant and its EV plans in India, VinFast is making an investment of Rs 16,000 crore. The company is also asking the Indian government to cut down the high import duties in the country like Tesla Inc. Additionally, the company has filed a patent for its first vehicle in India, which will be its…

Last Updated: February 26, 2024, 10:50 ISTVinFast Starts Work On Rs 16,000 Crore Electric Vehicle Plant in Tamil Nadu.VinFast is seeking a reduction in import duties on its cars for about two years, hoping to introduce Indian customers to its brand and its unit in Tamil Nadu.VinFast, the electric vehicle giant from Vietnam, has entered the Indian market to give Tesla a run for its money.The company has started constructing its Rs 16,000 crore electric vehicle manufacturing facility in Thoothukudi, Tamil Nadu. VinFast…

Vietnamese electric vehicle (EV) player VinFast on Sunday broke ground for its new integrated factory in Thoothukudi, Tamil Nadu and is looking to complete construction and start production in 15 months. The ground breaking ceremony took place in the presence of Tamil Nadu chief minister MK Stalin along with the senior representatives of the Vin group. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIM KozhikodeIIMK Advanced Data Science…

After giving the public a glimpse of its Q4 2023 delivery targets last month, VinFast shared its full financial results for the previous quarter and year-over-year comparisons. Revenues are up, but the Vietnamese automaker will have to truly ramp up if it wants to reach its newly proposed delivery targets for 2024. VinFast Auto ($VFS) remains a young automaker in the EV space, trying to make a global name for itself by expanding at a beyond-ambitious rate (sometimes to its financial detriment). We…

Following an agreement signed in January to bring its EVs to India, VinFast announced it is set to break ground on a new facility in Tamul Nadil as part of a $500 million commitment to erect phase one in the country. Although speedy Vietnamese EV automaker VinFast did not achieve its 2023 delivery targets, its progress has picked up as it continues its ambitious expansion to new global markets, including the US and Europe. With multiple new models like the VF 3 and eventually an all-electric pickup…

Ford Trademarks Mustang Mach-E Nameplate, Hints At India Re-Entry. (Photo: Teambhp)Although Ford has not officially announced the pricing for the Mustang Mach-E in India, it is anticipated to be priced at over Rs 1 crore.Ford has taken a significant step towards its re-entry into the Indian market by trademarking the nameplate for its electric SUV, the Mustang Mach-E.This move suggests that the American automaker is advancing its plans to introduce the Mustang Mach-E to the Indian audience.The Mustang Mach-E was initially…

Vietnam-based automotive company VinFast Auto Ltd will hold the ground-breaking ceremony for its $2-billion integrated electric vehicle (EV) manufacturing facility in Thoothukudi on February 25, people aware of the development told ET.Last month, the company had confirmed its plan to start manufacturing EVs in India and had committed $500 million for the first phase of the project.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitMITMIT…

Last Updated: January 09, 2024, 08:45 ISTVinFast Plans To Set Up EV Manufacturing Facility In Tamil Nadu.Vinfast will invest USD 2 billion to construct an integrated electric vehicle facility in Tamil Nadu. It plans to expand its dealership network across India.VinFast Auto Ltd, the Vietnamese electric vehicle (EV) manufacturer, has unveiled plans to establish an integrated electric vehicle facility in Tamil Nadu as part of its strategy to enter the world’s third-largest automobile market.The company is set to invest USD…