The company was founded in 2017 by Vingroup. The company designed its models with the help of Pininfarina, BMW and Magna Steyr and participated in the 2018 Paris Motor Show. VinFast claims it will be the first volume automotive manufacturer in Vietnam as well as the first Vietnamese automaker to participate in a major international auto show. VinFast broke ground in September 2017 on an 828-acre facility in an industrial park located on Cat Hai Island near the city of Hai Phong. The investment is US $1.5 billion in the first phase of a program to make cars and electric motobikes at a greenfield factory on the facilities. The company claimed that it has aggregated talent from multiple established companies and is sourcing European design, engineering, and production technology partners. The first two vehicles that were shown at Paris motorshow in the fall of 2018 are the LUX SA2.0 and the LUX A2.0, designed by Pininfarina. Additionally, General Motors recently announced a partnership between Chevrolet and VinFast. VinFast will have exclusive rights to distribute Chevys in Vietnam and will take ownership of the existing General Motors factory in Hanoi. That factory will then build a GM-licensed “all-new global small car” to be sold under the VinFast name. VinFast signed two contracts with Siemens Vietnam, a unit of Siemens AG, for the supply of technology and components to manufacture electric buses in the Southeast Asian countries. For the 2020 Vietnamese Grand Prix, VinFast will be the title sponsor. It was announced on December 2019 that VinFast plans to market electric vehicles to the United States by 2021. In February 2020, ex-Holden engineers are being recruited by VinFast in Port Melbourne, making Australia the first overseas country to have a VF branch after the company moved in December 2019. The branch is known as VinFast Engineering Australia, staffed by ex-Ford, Holden and Toyota employees.
Etymology
The name VinFast is an abbreviation of Vietnamese words:
Việt Nam
Phong cách
An toàn
Sáng tạo
Tiên phong
Products
Automobiles
VinFast announced their first two models at the 2018 Paris Motor Show. Both models are based on previous generation BMW products with various changes and enhancements, including the extensive redesign of the chassis to meet future international safety standards. Both will come in rear-wheel drive and all wheel drive, and both will be powered by the licensed BMW N20 turbocharged petrol engine in 175bhp and 227bhp options. Comprehensive reliability and safety testings have been completed. Production of both models started in 2019.
The LUX V8 is a luxury version of the SA2.0 Crossover. It's distinguished by a 6.2 literV8 engine generating 455 hp with special interior and exterior trim. It is expected to be sold only in a limited edition. The engine is rumored to be a GM LS V8. This model was presented at Geneva Motor Show 2019 through Magna Steyr.
Fadil
The Fadil is a city car which was presented to the public later. It is based on the Opel Karl. It will be priced under 500 million VND. The first Fadils from regular production were finished on June 14, 2019, delivery to the first pre-order customers took place on June 17. The price of the Fadil in Vietnam is .
Electric motorbike
VinFast has planned to produce seven different electric motorcycle models by 2019. It has signed agreements with state owned petrol distributor PV Oil to have charging stations built at existing gas stations.
Klara
is a brand name for VinFast's first electric motorcycle model launched in November 2018. It has a range of and a maximum speed of. VinFast signed an agreement with Bosch for the supply of components. The batteries are supplied by a joint venture with LG Chem. Two versions of the Klara are sold, featuring lead acid and lithium ion batteries respectively. The Klara features 3G and bluetooth connectivity to allow remote lock and unlock and tracking.
Ludo
Impes
Klara S
Production facilities
A greenfield factory is under construction at Cat Hai Island, Hai Phong. In 2017, VinFast also acquired GM Vietnam's Hanoi factory.
