Vietnamese EV maker VinFast to import new crossovers for US market
By Bryan Ke
September 11, 2023
Before you Read:
Vietnamese electric car manufacturer Vinfast will import three variants of its crossovers to the U.S market to join its already released VF 8.
Key details: VinFast is expected to import the VF 9, a three-row crossover, this year, followed by the compact VF 7 and the subcompact VF 6 next year.
The new models will reportedly come from Vietnam before the company starts its production in the U.S. through its $2 billion North Carolina factory in 2025, according to Automotive News.
Release dates: VinFast has yet to officially announce the exact release dates for the new models. Currently, the company’s website only accepts reservations for the VF 9 model starting at $83,000. Meanwhile, the VF 6 and VF 7 still have an “Available Soon” tag.
During an auto show in Los Angeles back in November 2022, VinFast first unveiled its plan to release the VF 6 and VF 7 in 2024.
A grand debut: Last month, VinFast made its Nasdaq Global Select Market debut and became the largest Vietnamese company listed on the U.S. stock market by market capitalization. The company is now worth $85 billion — more than companies such as Ford ($48 billion), General Motors ($45 billion) and Chrysler Stellantis ($31 billion).
News of this came after reports revealed that VinFast only received 128 car registrations between January and May in the U.S. this year.
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