VinFast begins sales of VF DrgnFly electric bike in United States

By Tri Duc
Fri, April 12, 2024 | 9:06 pm GMT+7

VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, will begin selling its VF DrgnFly electric bike in the U.S. later this month, with a listed price of $2,599, the EV maker said Friday.

Following the bike’s unveiling at the Consumer Electronics Show (CES) in January 2024, the sales launch of VF DrgnFly confirms VinFast’s strong relevance to the U.S. market and commitment to the global green transportation revolution, the firm said in a statement.

An advertisement of VF DrgnFly at Times Square in New York. Photo courtesy of tinhte.vn

An advertisement of VF DrgnFly at Times Square in New York. Photo courtesy of tinhte.vn

The launch also marks another step in VinFast’s expansion in the U.S., one of the world’s most vibrant electric vehicle markets.

Powered by a 750W rear hub motor, a single-speed gearbox, and a torque sensor, the VF DrgnFly offers a smooth and responsive riding experience with a top speed of up to 45 kilometers per hour. The VF DrgnFly has a range of up to 68 miles (110 km) on a single charge.

In addition to growing in key markets such as the U.S., Canada, and Europe, VinFast is actively expanding into Vietnam’s neighboring countries such as India, Indonesia, Thailand, the Philippines, as well as the Middle East and Africa. Outside of Vietnam, VinFast is also aiming to accelerate the construction of EV manufacturing plants in the U.S. and India, and will establish a plant in Indonesia, according to VinFast.

Currently, VinFast is selling its VF8 crossover EV in the U.S., while other models, VF6, VF7, and VF9, will reach the market soon.

Comments (0)
  • Read More
Hoiana golf tournament raises $473,000 for disadvantaged children in Quang Nam

Hoiana golf tournament raises $473,000 for disadvantaged children in Quang Nam

Hoiana Resort & Golf has raised over VND1.2 billion ($473,000) from holding a charity golf tournament to support disadvantaged children in the central province of Quang Nam.

Society - Sun, April 28, 2024 | 7:14 pm GMT+7

Dragon Capital-linked funds raise holding in retailer Mobile World to 6.25%

Dragon Capital-linked funds raise holding in retailer Mobile World to 6.25%

Six funds related to Dragon Capital, one of major fund management companies in Vietnam, have bought in a combined 4.66 million shares of leading Vietnamese retailer Mobile World Investment Corporation.

Companies - Sun, April 28, 2024 | 4:24 pm GMT+7

Vietnam real estate market can flourish again with shift in focus: experts

Vietnam real estate market can flourish again with shift in focus: experts

New policies, low interest rates, and projects serving real housing needs can see Vietnam’s real estate market recover by the end of 2025 and grow sustainably, experts said.

Real Estate - Sun, April 28, 2024 | 2:50 pm GMT+7

Real estate giant DIC Corp notches biggest quarterly loss since listing

Real estate giant DIC Corp notches biggest quarterly loss since listing

Development Investment Construction JSC (DIC Corp), among Vietnam’s top real estate developers, incurred a loss of VND117.2 billion ($4.62 million) in the first quarter of this year, marking its largest quarterly loss since floating shares in 2009.

Companies - Sun, April 28, 2024 | 2:30 pm GMT+7

Vietnam startup funding down 17% to $529 mln in 2023, 3rd in Southeast Asia

Vietnam startup funding down 17% to $529 mln in 2023, 3rd in Southeast Asia

Vietnamese startups secured $529 million in total funding in 2023, a 17% decline from the previous year, according to the 2024 Vietnam innovation and tech investment report released Friday.

Finance - Sun, April 28, 2024 | 10:04 am GMT+7

Vietnam’s Eximbank elects third chairperson in three years

Vietnam’s Eximbank elects third chairperson in three years

Ho Chi Minh City-based Eximbank has elected Nguyen Canh Anh as its chairman for the 2020-2025 term, the third one since early 2022, as the private lender manages to resettle its leadership.

Companies - Sun, April 28, 2024 | 9:38 am GMT+7

Central Vietnam province okays Swiss-invested $126 mln bamboo board factory

Central Vietnam province okays Swiss-invested $126 mln bamboo board factory

Vietnam’s central province of Thanh Hoa has given an in-principle nod for staBoo Thanh Hoa JSC to invest VND3,199 billion ($126 million) in a factory for manufacturing bamboo oriented strand board (bamboo OSB).

Industries - Sun, April 28, 2024 | 7:10 am GMT+7

Revisit A1 Hill: 'Mud, Blood, Flowers'

Revisit A1 Hill: 'Mud, Blood, Flowers'

As the nation approaches the 70th anniversary of the Dien Bien Phu Victory, all eyes are turning towards the westernmost part of the Fatherland – Dien Bien, with profound gratitude.

Travel - Sun, April 28, 2024 | 12:04 am GMT+7

Vietnamese dong to slide further 1% by year-end: Bank of America

Vietnamese dong to slide further 1% by year-end: Bank of America

The Vietnamese dong, the local currency, is projected to weaken by an additional 1% by the year-end after sliding sharply against the U.S. dollar since the start of this year, according to Bank of America.

Banking - Sat, April 27, 2024 | 10:39 pm GMT+7

Industrial park developer Idico targets 22% profit hike, 40% cash dividend

Industrial park developer Idico targets 22% profit hike, 40% cash dividend

Leading industrial park developer Idico Corporation has targeted revenues and pre-tax profit of VND8.46 trillion ($334 million) and VND2.5 trillion ($98.7 million) this year, up 13% and 22% year-on-year, respectively.

Companies - Sat, April 27, 2024 | 9:23 pm GMT+7

Indonesia’s coffee exports surpass imports

Indonesia’s coffee exports surpass imports

Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, the Central Statistics Agency (BPS) reported.

Southeast Asia - Sat, April 27, 2024 | 8:53 pm GMT+7

Thai central bank intervenes to stabilise currency

Thai central bank intervenes to stabilise currency

The Bank of Thailand (BoT) said it has intervened in currency markets at times to ease any excessive moves in the THB, adding that the current policy rate is robust and conducive to economic recovery, reported the Bangkok Post.

Southeast Asia - Sat, April 27, 2024 | 8:52 pm GMT+7

Indonesia's first thermal power plant stops operating

Indonesia's first thermal power plant stops operating

Indonesia's Ministry of Maritime Affairs and Fisheries (MMAF) has held a press conference to inform about the country’s progress in the early decommissioning of the Cirebon-1 thermal power plant.

Southeast Asia - Sat, April 27, 2024 | 8:49 pm GMT+7

'Tunnel king' Deo Ca plans to invest over $3.7 bln in building roads

'Tunnel king' Deo Ca plans to invest over $3.7 bln in building roads

“Tunnel king” Deo Ca Group plans to build about 400 km of highways and ring roads with a total investment of more than VND94,000 billion ($3.7 billion) by 2030.

Companies - Sat, April 27, 2024 | 5:17 pm GMT+7

Real estate major DIC plans high-end medical centers for Vietnam expats

Real estate major DIC plans high-end medical centers for Vietnam expats

Real estate major DIC Corp has plans to build facilities offering advanced medical care for long-term expat residents in the central province of Thanh Hoa and the southern province of Ba Ria-Vung Tau.

Companies - Sat, April 27, 2024 | 4:40 pm GMT+7

Ponagar Temple Festival 2024 to open in Nha Trang

Ponagar Temple Festival 2024 to open in Nha Trang

The Ponagar Temple Festival, a popular traditional cultural event of the ethnic Cham people, will take place on Sunday at the Ponagar Temple Relic Site in Nha Trang town, the central coastal province of Khanh Hoa.

Travel - Sat, April 27, 2024 | 3:05 pm GMT+7