• Vingroup is one of Vietnam’s largest conglomerates, with subsidiaries in a wide range of businesses from real estate development (Vinhomes) to pharmeceuticals (VinFa) and K-12 education (VinSchool), to name a few.
• Pham Nhat Vuong, the founder and chairman of Vingroup, is Vietnam’s first dollar billionaire.
• Vingroup has invested $7.5 billion in its EV subsidiary VinFast since 2017.
• Another subsidiary, VinES, plans to be a fully integrated battery cell and pack manufacturer. VinFast has sourced battery packs from VinES since Q2 2022.

• 1.1 million – The company targets expanding global vehicle production capacity to 1.1 million vehicles by 2026.
• 2024 – The company expects production to begin in its EV manufacturing facility in North Carolina to begin in 2024.
• $27 billion – The deal gives the company an enterprise value of $27bn, lower than the $6obn valuation that had been floated at the time of the company’s IPO filing.

• VinFast plans to invest $2 billion in the first phase of its project to build an EV manufacturing facility in Chatham County, North Carolina.
• The company is targeting annual capacity of 150,000 vehicles in Phase 1
• Production will focus on the company’s VF 8 (5 passenger all-electric mid-size SUV) and VF 9 (7 passenger all-electric SUV)

VinFast Global CEO Le Thi Thu Thuy and North Carolina Governor Roy Cooper sit in a VinFast car after the signing of the MOU for the establishment of VinFast’s North Carolina manufacturing plant. Photo: VinFast.

Below we take a look at the VF 8 and VF 9, the models that will be produced in the United States

2023 VinFast VF 9

2023 VinFast VF 8