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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Exclusive: VinFast will deliver EVs to Europe this year as the EU probes China’s rivals

A VinFast VF8 electric SUV is displayed during CES 2022 at the Las Vegas Convention Center in Las Ve... A VinFast VF8 electric SUV is displayed during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. January 5, 2022. REUTERS/Steve Marcus
A VinFast VF8 electric SUV is displayed during CES 2022 at the Las Vegas Convention Center in Las Ve... A VinFast VF8 electric SUV is displayed during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. January 5, 2022. REUTERS/Steve Marcus

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VinFast will deliver EVs to Europe this year as the EU probes China’s rivals. As the European Union mulls slapping tariffs on its Chinese rivals, VinFast, a Vietnamese manufacturer of electric vehicles, intends to ship its first EVs to Europe this year after getting regulatory authorization, its chief executive told Reuters on Thursday.

According to the idea, some 3,000 of its VF8 crossovers would be shipped from VinFast’s facility in northern Vietnam to France, Germany, and the Netherlands in the fourth quarter of this year, a source familiar with the plan told Reuters. Since these specifics were not public, the source declined to give her name.

If realized, Europe will surpass Asia as VinFast’s largest international market this year. Earlier this year, the business shipped around 2,100 EVs to the US.

Le Thi Thu Thuy, CEO of VinFast, stated that the company would introduce its other models, the VF6, VF7, and VF9, to the European market the following year. “We expect to deliver the first VF8 models to French, German, and Dutch customers in the fourth quarter of this year,” she added.

Thuy did not specify the quantity of VF8 sport utility vehicles (SUVs), but a source with knowledge of the situation claimed that it would be close to 3,000 vehicles, some of which would be for Israel.

The losing corporation frequently modifies its goals.


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