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.