VinFast Auto (NASDAQ:VFS), founded in 2017 as a subsidiary of Vietnam’s Vingroup, specializes in the design, development and manufacturing of electric vehicles and related mobility solutions. Headquartered in Haiphong, Vietnam, the company operates an integrated production complex that houses research and development, manufacturing and assembly facilities. Backed by Vingroup founder Pham Nhat Vuong, VinFast has rapidly expanded its product line from its first electric SUV, the VF e34, launched in late 2021, to a diverse portfolio of battery electric cars and electric scooters.
The company’s vehicle lineup includes the VF 8 and VF 9 sport utility vehicles, as well as electric passenger cars tailored for markets in Asia, North America and Europe. In addition to four-wheeled vehicles, VinFast produces electric scooters and battery systems for commercial and personal use. The company offers an integrated ecosystem of hardware and software, including mobile applications for vehicle monitoring, over-the-air updates and an expanding network of charging infrastructure.
VinFast has pursued an aggressive global expansion strategy, establishing sales and service operations in key markets such as the United States, Canada, Germany and France. In 2022, VinFast opened its first North American delivery center in Los Angeles and began site development for a manufacturing facility in North Carolina, aiming to localize production and strengthen its presence in the U.S. market.
Leadership at VinFast reflects a blend of automotive and technology expertise. Co-founder Le Thi Thu Thuy serves as Chief Executive Officer, overseeing global operations, while a team of executives with backgrounds in engineering, supply chain and finance supports the company’s growth objectives. As VinFast continues to scale, it remains focused on innovation, sustainability and its mission to accelerate the world’s transition to electric mobility.
