Thailand aims to become EV production hub

Thailand aims to become EV production hub

Thai Prime Minister Srettha Thavisin on Friday reiterated his government's policy to promote the domestic manufacturing of electric vehicles (EVs) and parts in order to drive national economy.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast inks EV distribution pact for Micronesia, launches EV charging stations venture

VinFast inks EV distribution pact for Micronesia, launches EV charging stations venture

VinFast, the electric vehicle arm of Vietnamese conglomerate Vingroup, said Wednesday that it has signed a cooperation agreement with Guam AutoSpot to distribute its EVs in Micronesia.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia encourages use of electric vehicles

Indonesia encourages use of electric vehicles

Indonesia continues to push the use of electric vehicles (EVs) with the dream of bluer skies and cleaner air in the country.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast to attend motor shows in Thailand, Canada, sell EVs in Africa

VinFast to attend motor shows in Thailand, Canada, sell EVs in Africa

VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, will attend international motor shows in Thailand and Canada, and attempt to break into the African market this year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Sumitomo, Vingroup ink green transport development pact

Sumitomo, Vingroup ink green transport development pact

Japanese keiretsu Sumitomo and taxi operator GSM JSC uder Vietnamese conglomerate Vingroup inked a green transportation development agreement on Tuesday to foster carbon neutrality in Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Southeast Asia becomes Tesla's priority for expansion

Southeast Asia becomes Tesla's priority for expansion

Expansion into Southeast Asia is a priority of Tesla, Rohan Patel, a senior executive of the US automotive company, said on Tuesday, highlighting the fast-growing market where the company faces competition from China's BYD.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

ADB to step up support for Vietnam’s green transition: president

ADB to step up support for Vietnam’s green transition: president

Masatsugu Asakawa, president of the Asian Development Bank (ADB), pledged continued support for Vietnam’s green transition during a Tuesday visit to the Selex electric motorbike plant in Hanoi.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast begins building $500 mln EV factory in India

VinFast begins building $500 mln EV factory in India

VinFast Auto, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, officially broke ground on its first integrated EV manufacturing facility in the state of Tamil Nadu, India, on Sunday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast's 2023 vehicle sales up 111% to $1.1 bln

VinFast's 2023 vehicle sales up 111% to $1.1 bln

VinFast Auto, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, earned $1,096.9 million from vehicle sales in 2023, up 111.3% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam automaker VinFast inks EV supply deal with Indonesian firms

Vietnam automaker VinFast inks EV supply deal with Indonesian firms

VinFast, the carmaker subsidiary of Vietnamese conglomerate Vingroup, has signed a memorandum of understanding (MoU) with three Indonesian business clients to provide 600 electric vehicles.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast links up with 5 Indonesia auto dealers to start sales in 2024

VinFast links up with 5 Indonesia auto dealers to start sales in 2024

VinFast, the electric vehicle arm of Vietnamese conglomerate Vingroup, has signed letters of intent with five dealers in Indonesia to expand its distribution network in the Indonesian market, the EV maker announced Friday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast debuts right-hand drive electric vehicles in Indonesia

VinFast debuts right-hand drive electric vehicles in Indonesia

VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, debut its first range of right-hand drive electric vehicles (EV) at the Indonesia International Motor Show (IIMS) 2024 on Thursday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast expects 40,000-50,000 vehicle sales by year-end: executive

VinFast expects 40,000-50,000 vehicle sales by year-end: executive

VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, expects sales of 40,000-50,000 units by year-end, chairwoman Le Thi Thu Thuy told CNBC in an interview on Thursday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Philippines seeks collaboration with Vietnam’s VinFast in EV production: President Marcos

Philippines seeks collaboration with Vietnam’s VinFast in EV production: President Marcos

The Philippines “eagerly anticipate collaborating with Vingroup on electric vehicle (EV) production and local mineral processing,” Philippine President Ferdinand Marcos Jr. said on his Facebook on Monday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese carmaker VinFast delivers 34,855 electric vehicles globally

Vietnamese carmaker VinFast delivers 34,855 electric vehicles globally

Vietnam’s VinFast Auto delivered 34,855 electric vehicles (EV) around the world in 2023, according to a filing with U.S.-based stock exchange Nasdaq.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, Indonesia to cooperate in digital economy, EV ecosystem development

Vietnam, Indonesia to cooperate in digital economy, EV ecosystem development

Vietnam and Indonesia will expand cooperation to new fields including artificial intelligence, digital economy, green economy and renewable energy; and step up investment in developing electric vehicle (EV) ecosystems and batteries.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast unveils new electric pickup truck concept in US

VinFast unveils new electric pickup truck concept in US

VinFast Auto, Vietnam's leading electric vehicle manufacturer, on Tuesday unveiled its new electric vehicle concept - the VF Wild - at the Consumer Electronics Show 2024 (CES 2024) in the U.S.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

EV maker VinFast to build $500 mln facility in India, towards $2 bln investment

EV maker VinFast to build $500 mln facility in India, towards $2 bln investment

VinFast, the electric vehicle arm of Vietnamese conglomerate Vingroup, will build a $500 million EV facility in Tamil Nadu state of India, towards a total investment of $2 billion.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vingroup founder Pham Nhat Vuong becomes CEO of EV maker VinFast

Vingroup founder Pham Nhat Vuong becomes CEO of EV maker VinFast

Billionaire Pham Nhat Vuong, founder and chairman of Vietnamese conglomerate Vingroup, has become CEO of VinFast, the electric vehicle (EV) arm of Vingroup.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam holds its own in challenging 2023 with more highs than lows

Vietnam holds its own in challenging 2023 with more highs than lows

Vietnam showcased impressive resilience in the face of numerous challenges faced in 2023, recording several economic and diplomatic highs and some lows. The Investor looks back.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast, Marubeni link up in further usage of EV battery

VinFast, Marubeni link up in further usage of EV battery

VinFast, the electric vehicle (EV) arm of Vietnamese private conglomerate Vingroup, and Marubeni, a major Japanese trading and investment conglomerate, will cooperate in exploring opportunities in secondary use of EV batteries, towards a circular economy model.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, Turkey eye cooperation in hi-tech parks, EVs, defense industry

Vietnam, Turkey eye cooperation in hi-tech parks, EVs, defense industry

High-tech parks, electric vehicles, and the military industry hold high potential for cooperation between Vietnam and Turkey as the two countries look to upgrade their relations.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Korea automaker KG Mobility eyes vehicle production in Vietnam from 2024

Korea automaker KG Mobility eyes vehicle production in Vietnam from 2024

South Korean automaker KG Mobility plans to expand its cooperation with Vietnamese automaker Kim Long Motors by assembling and producing KG Mobility vehicles in Vietnam, the former said on Friday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Automaker VinFast enters $1 bln standby equity subscription agreement with Yorkville Advisors

Automaker VinFast enters $1 bln standby equity subscription agreement with Yorkville Advisors

VinFast, the electric vehicle (EV) maker under Vietnamese private conglomerate Vingroup, has entered a standby equity subscription agreement with Yorkville Advisors, a global investment fund manager.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

German tape maker tesa opens $58 mln factory in northern Vietnam

German tape maker tesa opens $58 mln factory in northern Vietnam

Germany-headquartered tape maker tesa inaugurated a EUR55 million ($57.8 million) factory in Hai Phong city on Thursday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam automaker VinFast to merge with battery maker VinES at zero cost

Vietnam automaker VinFast to merge with battery maker VinES at zero cost

Vietnamese electric vehicle maker VinFast will merge with battery maker VinES under private conglomerate VinGroup in a move that will involve VinGroup chairman Pham Nhat Vuong donating 99.8% of VinES shares to the automaker.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam automaker VinFast showcases 4 new EVs at Motor Show Qatar

Vietnam automaker VinFast showcases 4 new EVs at Motor Show Qatar

VinFast, the automaker under Vietnam's largest private conglomerate Vingroup, showcases four electric vehicle models VF 6, VF 7, VF 8 and VF9 at the ongoing Geneva International Motor Show Qatar 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam EV pioneer VinFast gets $1.23 bln from parent company, chairman

Vietnam EV pioneer VinFast gets $1.23 bln from parent company, chairman

Vietnam’s first electric vehicle (EV) maker VinFast said Thursday that it has received VND30 trillion ($1.23 billion) in Jan-Sept 2023 from parent company Vingroup and its chairman Pham Nhat Vuong.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam automaker VinFast receives 10,000 EV reservations in US

Vietnam automaker VinFast receives 10,000 EV reservations in US

Vietnamese automaker VinFast had recorded about 10,000 reservations in the U.S. for its VF 8 and VF 9 electric vehicles from the VF8 debut in late 2021 to August 31, 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinES factory produces first batteries for VinFast EVs

VinES factory produces first batteries for VinFast EVs

VinES, the battery-maker subsidiary of Vietnamese private conglomerate Vingroup, has produced the first battery packs for electric vehicles (EVs) made by the group’s automotive subsidiary VinFast.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

No subsidy for rich electric car buyers: finance ministry

No subsidy for rich electric car buyers: finance ministry

Vietnam’s Ministry of Finance has said a firm no to a Transport Ministry proposal that $1,000 be given in aid for each electric vehicle (EV) purchase.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese carmaker VinFast drops for fourth straight session after peak on Nasdaq

Vietnamese carmaker VinFast drops for fourth straight session after peak on Nasdaq

VinFast's VFS shares on the Nasdaq declined for a fourth consecutive session on Friday to $29.5 per share after hitting their peak at $82.35 on August 28.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

BYD acquires giant Jabil’s mobility business for $2.2 bln

BYD acquires giant Jabil’s mobility business for $2.2 bln

Electric vehicle maker BYD’s electronics arm, which operates a Vietnam plant making products and components for Apple, has agreed to buy U.S.-based manufacturing firm Jabil’s mobility business in China for around $2.2 billion.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam tops Southeast Asia in solar photovoltaic supply: ADB

Vietnam tops Southeast Asia in solar photovoltaic supply: ADB

Vietnam is the top solar photovoltaic (solar PV) supplier in Southeast Asia, accounting for 5% of the global supply, according to the Asian Development Bank (ADB).

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam new source for rare earths magnet companies

Vietnam new source for rare earths magnet companies

South Korea's Star Group Industrial (SGI) and China's Baotou INST Magnetic are set to open factories in Vietnam to explore rare earth deposits, according to Reuters.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7