VinFast

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VinFast
Division
IndustryAutomotive
FoundedJune 2017; 2 years ago (2017-06)
FounderPhạm Nhật Vượng
Headquarters,
Vietnam
Area served
Vietnam
Key people
Jim DeLuca (CEO)
Lê Thị Thu Thuỷ (Chairwoman)
David Lyon (Director)
Kevin Fisher (Head of vehicle engineering)[1]
ProductsAutomobiles
Motorcycles
Commercial vehicles[2]
ParentVingroup
Websitevinfastmedia.com/en

VinFast is a private automotive startup manufacturer headquartered in Vietnam, a member of Vingroup which is one of the largest private enterprises in the country.[3][4][5]

Etymology[edit]

The name VinFast is an abbreviation of Vietnamese words:[6]

  • Việt Nam (Vietnam)
  • Phong cách (Stylish, Ph=F)
  • An toàn (Safety)
  • Sáng tạo (Creativeness)
  • Tiên phong (Pioneer)

History[edit]

Key people of VinFast in Paris, 2018 (from left to right): James DeLuca (general director VinFast), Lê Thị Thu Thủy (VP Vingroup), David Lyon (design director), David Beckham (brand ambassador).

The company was founded in 2017 by Vingroup.[6] 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 (GM Korea) factory in Hanoi (VIDAMCO). That factory will then build a GM-licensed “all-new global small car” to be sold under the VinFast name.[7]

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.[8]

For the 2020 Vietnamese Grand Prix, VinFast will be the title sponsor.[9]

Products[edit]

Automobiles[edit]

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 will start in the second half of 2019.[10]

LUX A2.0[edit]

The LUX A2.0 is an executive sedan, based on the F10 BMW 5 Series.[10][11]

LUX SA2.0[edit]

The LUX SA2.0 is a mid-size luxury SUV, based on the F15 BMW X5.[10][11]

LUX V8[edit]

The LUX V8 is a luxury version of the SA2.0 SUV. It's distinguished by a 6.2 liter V8 engine generating 455 hp with special interior and exterior trim. It is expected to be sold only in a limited edition.[12] The engine is rumored to be a GM LS V8.[13] This model was presented at Geneva Motor Show 2019 through Magna Steyr.[14][15][16]

Fadil[edit]

The Fadil is a city car which was presented to the public later. It is based on the Opel Karl.[17] It will be priced under 500 million VND (21,500 USD).[18][19] The first Fadils from regular production were finished on June 14, 2019,[20] delivery to the first pre-order customers took place on June 17.[21] The price of the Fadil in Vietnam is 394,500,000 (US$16,900).[22]

Electric motorbike[edit]

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.[23]

Klara[edit]

Klara is a brand name for VinFast's first electric motorcycle model launched in November 2018. It has a range of 80 kilometres (50 mi) and a maximum speed of 50 kilometres per hour (31 mph). VinFast signed an agreement with Bosch for the supply of components.[23] The batteries are supplied by a joint venture with LG Chem.[24]

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.[25]

Ludo[edit]

Impes[edit]

Production facilities[edit]

A greenfield factory is under construction at Cat Hai Island, Hai Phong. In 2017, VinFast also acquired GM Vietnam's Hanoi factory (VIDAMCO).[26]

See also[edit]

References[edit]

  1. ^ Ánh Dương (2 October 2018). "'Nữ tướng VinFast' Lê Thị Thu Thủy: Mục tiêu của VinFast là trở thành thương hiệu toàn cầu" ['VinFast Chairwoman' Lê Thị Thu Thủy: VinFast's goal is to become a global brand] (in Vietnamese). VietnamBiz. Retrieved 25 October 2018.
  2. ^ "VinFast looks for electric motorcycle distributors". VNS. VinGroup. 24 July 2018. Retrieved 25 October 2018.
  3. ^ "Constructeur". Paris Motor Show. Retrieved 25 October 2018.
  4. ^ Lucas Raheriarivony (10 September 2018). "Vinfast: L'énigmatique marque vietnamienne sera au Mondial" [Vinfast: The enigmatic Vietnamese brand will be at the World] (in French). Auto News. Retrieved 25 October 2018.
  5. ^ "Le constructeur vietnamien VinFast dévoile ses deux premiers modèles de voitures" [Vietnamese manufacturer VinFast unveils first two car models] (in French). Le Progrès. 1 September 2018. Retrieved 25 October 2018.
  6. ^ a b Lê Ngà (28 September 2018). "VinFast - những bước chạy 'thần tốc'" [VinFast - steps to 'speed'] (in Vietnamese). VietnamFinance. Retrieved 25 October 2018.
  7. ^ "GM forms partnership with Vietnam's VinFast". Financial Times. 28 June 2018. Retrieved 25 October 2018. (subscription required)
  8. ^ Khanh Vu; Himani Sarkar (13 August 2018). "Vietnam's Vinfast in deal with Siemens for technology to make electric buses". Reuters. Retrieved 25 October 2018.
  9. ^ https://www.pitpass.com/65978/VinFast-to-be-title-sponsor-of-Vietnam-Grand-Prix
  10. ^ a b c Hilton Holloway (2 October 2018). "Vinfast to launch Lux A2.0 and Lux AS2.0 saloon and SUV". Autocar. Retrieved 25 October 2018.
  11. ^ a b Matthew H Tong (10 March 2018). "VinFast LUX A2.0 sedan and LUX SA2.0 SUV debut in Paris – BMW-based models to go on sale in June 2019". Paul Tan's Automotive News. Retrieved 25 October 2018.
  12. ^ "VinFast launches limited edition Lux SUV in Switzerland". 6 March 2019.
  13. ^ "Vinfast Lux V8 Is A Posh 455HP Vietnamese SUV That Can Hit 186MPH". 5 March 2019.
  14. ^ News Release - Geneva Motor Show: Magna Demonstrates Complete Vehicle Engineering Competence Magna 5 March 2019
  15. ^ "Magna at the Geneva Motor Show". Magna.
  16. ^ Magna to show off its engineering skills PETE BIGELOW. Automotive News 3 March 2019 12:00 AM
  17. ^ Luca Ciferri (29 September 2018). "Vietnam's VinFast taps European suppliers to become a global player". Automotive News Europe. Retrieved 25 October 2018.
  18. ^ Ngọc Tuấn (10 November 2018). "Mẫu ôtô thứ ba của VinFast lộ diện, mang tên Fadil" [The third car model of VinFast is revealed, named Fadil] (in Vietnamese). VnExpress. Retrieved 7 March 2019.
  19. ^ "VinFast Fadil, mẫu ô tô giá rẻ có giá dưới 500 triệu đồng ra mắt vào 20/11" [VinFast Fadil, a low-cost car model priced at under VNĐ500 million, was launched on 20 November]. VTC News. MSN. 10 November 2018. Retrieved 7 March 2019.
  20. ^ "Vietnam's foray into auto manufacturing comes at a cost". The National.
  21. ^ "VinFast Starts Production Of Two Cars Designed By Pininfarina At Its New Plant - NDTV CarAndBike". CarAndBike.
  22. ^ "Bloomberg - Are you a robot?". www.bloomberg.com.
  23. ^ a b Ha Vy (3 November 2018). "Vinfast launches electric motorcycle". Vietnam Investment Review. Retrieved 7 March 2019.
  24. ^ Dylan Pastoor. "Vinfast and the Electric Vehicle Market in Vietnam" (PDF).
  25. ^ chuyengiaphaxe. "VinFast ra mắt xe tay ga điện Klara - pin Lithium-ion, 3G, GPS, bán ra tháng này". Tinhte.vn.
  26. ^ "Subscribe to read". Financial Times. (subscription required)

External links[edit]