Monday, July 6

Vietnam’s VinFast to launch first electric crossover in 2021

Vietnam’s first home-grown automaker, VinFast, plans to introduce an electric crossover before the end of 2020 and will target the United States market.

VinFast hasn’t unveiled the car yet, and we don’t know what it will be called. The model, designed by Italian design house Pininfarina , and with battery pack from LG Chem is expected to deliver up to 500 kilometres (310 miles) on one charge.

There’s no word yet on how the company will distribute its cars in the United States. VinFast is part of Vingroup, which is one of the largest private conglomerates in Asia. It has stakes in a diverse selection of sectors including real estate, retail, healthcare, and technology.

It sold 5,124 cars in the first quarter of 2020, a figure that puts it in fifth spot on Vietnam’s sales chart.

Source: Reuters

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