VinFast Unveils Ambitious Plans for Thai Electric Vehicle Market with Launch of Four New Models in 2024
Bangkok, Thailand | March 28, 2023 - VinFast Global, the leading Vietnamese electric vehicle manufacturer, has announced a major expansion into the Thai market with the launch of four new electric vehicle (EV) models in 2024. This move underscores VinFast's commitment to becoming a global leader in the EV industry and its recognition of Thailand's growing potential as an EV hub.
New Models to Cater to Diverse Market Needs
The four new EV models to be introduced in Thailand include:
* VinFast VF 5: A compact crossover SUV targeting the entry-level EV market with an affordable price point and impressive range.
* VinFast VF 6: A larger and more premium crossover SUV offering a spacious interior, advanced technology, and extended driving range.
* VinFast VF 7: A mid-size luxury SUV boasting a sleek design, powerful performance, and cutting-edge features.
* VinFast VF 8: A full-size three-row SUV providing ample seating for families and exceptional driving dynamics.
State-of-the-Art Technology and Design
VinFast's new EVs will incorporate the latest automotive technologies, including advanced driver-assistance systems (ADAS), intelligent connectivity features, and sophisticated powertrains. The vehicles will also feature stylish and aerodynamic designs that reflect the company's commitment to innovation and aesthetic appeal.
Ambitious Sales Targets and Expansion Plans
VinFast aims to sell 50,000 EVs in Thailand by 2025, capturing a significant share of the rapidly growing EV market. The company plans to establish a network of showrooms and service centers across Thailand, ensuring convenient access for customers.
"We are confident that our new EV models will resonate with Thai consumers who are increasingly embracing sustainable and efficient forms of transportation," said Le Thi Thu Thuy, VinFast's Global CEO. "Thailand's supportive EV policies and growing consumer demand make it an ideal market for VinFast to expand our operations."
Collaboration with Partners
To support its expansion in Thailand, VinFast has forged strategic partnerships with several leading companies:
* ChargeNow: A joint venture with PTT and Foxconn, ChargeNow will provide nationwide charging infrastructure for VinFast's EVs.
* Mobileye: A leading provider of ADAS technology, Mobileye will collaborate with VinFast to develop and implement advanced safety features.
* Italdesign: A renowned automotive design house, Italdesign has played a key role in designing VinFast's new EV models.
Sustainability and Innovation at the Core
Sustainability and innovation are at the heart of VinFast's business strategy. The company's EVs are powered by advanced battery technologies that provide extended range and fast charging. VinFast is also committed to investing in renewable energy sources to reduce its environmental impact.
Furthermore, VinFast is actively engaged in research and development to pioneer new EV technologies and solutions. The company has established a dedicated R&D center in Vietnam and is collaborating with leading global universities and research institutions.
VinFast's expansion into Thailand is expected to have a positive impact on the local economy. The company plans to invest heavily in manufacturing, assembly, and other automotive-related operations in Thailand. This investment will create numerous job opportunities and stimulate economic growth.
VinFast's entry into the Thai market is poised to transform the country's EV landscape. The company's innovative EVs, affordable pricing, and customer-centric approach are expected to accelerate EV adoption and make sustainable transportation more accessible to Thai consumers.
VinFast's expansion into Thailand is part of the company's ambitious long-term vision to become a global leader in the EV industry. With its advanced technology, innovative designs, and commitment to sustainability, VinFast is well-positioned to compete with established automakers and redefine the future of transportation.
VinFast's launch of four new EV models in Thailand in 2024 is a significant milestone in the company's global expansion and a testament to its commitment to revolutionizing the automotive industry. With its state-of-the-art technology, stylish designs, and sustainability focus, VinFast is poised to become a major player in Thailand's rapidly growing EV market and contribute to the country's transition to a cleaner and more sustainable future.