VinFast Auto is a Vietnam-based electric vehicle (EV) manufacturer and the automotive arm of Vingroup, one of Southeast Asia’s largest conglomerates. Founded in 2017 and headquartered in Haiphong, VinFast was established with a mission to design, develop and produce smart, environmentally friendly vehicles. In August 2023, the company completed a merger with a special purpose acquisition company and began trading on the Nasdaq under the ticker VFSWW, marking its entry into the U.S. capital markets.
VinFast’s product portfolio centers on battery-electric SUVs and crossovers designed for global markets. Early models included the VF 8 and VF 9, midsize and large SUVs respectively, each featuring integrated connectivity, over-the-air software updates and options for battery leasing. The company also offers charging solutions, including home and public charging stations, to support its customers’ adoption of EV technology. Since launching production at its Haiphong facility in 2019, VinFast has extended sales to markets in North America, Canada and parts of Europe, with plans to enter additional regions over the coming years.
Supporting its global ambitions, VinFast operates research and development centers in both Vietnam and the United States, focusing on vehicle design, autonomous driving technologies and battery innovation. The company has broken ground on a manufacturing campus in North Carolina, which is expected to ramp up annual production capacity for vehicles destined for the U.S. and Canadian markets. This strategic investment underscores VinFast’s commitment to localizing production and reducing delivery lead times for international customers.
Leadership at VinFast includes founder and Vingroup chairman Phạm Nhật Vượng, who has steered the company’s rapid growth from a domestic startup to a publicly traded global automaker. In September 2023, VinFast appointed Michael Lohscheller as chief executive officer; he brings more than two decades of experience in the automotive industry, including senior roles at established European carmakers. Under this leadership team, VinFast aims to accelerate its product rollout, strengthen its charging infrastructure and enhance its software ecosystem to meet evolving consumer and regulatory demands in key markets worldwide.
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