VinFast could eventually enter electric pickup game

By Minh Ngoc
Sun, June 26, 2022 | 12:21 pm GMT+7
VinFast Global CEO Michael Lohscheller unveils the VinFast E35 SUV during the 2021 LA Auto Show in Los Angeles, California, U.S. Photo courtesy of the firm.

VinFast Global CEO Michael Lohscheller unveils the VinFast E35 SUV during the 2021 LA Auto Show in Los Angeles, California, U.S. Photo courtesy of the firm.

VinFast, the car unit of Vietnam’s largest listed conglomerate Vingroup, could eventually enter the electric pickup truck market, a top U.S. executive said.

"VinFast is focused on launching sales of its electric SUVs in the U.S. market later this year, but its vehicle platform allows for expansion into other types of vehicles," Craig Westbrook, chief service officer for VinFast U.S., was quoted by Reuters as saying at an Automotive Press Association event in Detroit on Thursday.

"We want to serve the needs of the market," he said in response to whether VinFast would ever look to sell an electric pickup.

"If we decide that’s what the market needs and that fits our brand especially, and I think it absolutely could, yeah. It’s something we should consider," Westbrook added.

A VinFast electric truck would join the likes of Ford F-150 Lightning, GM’s Hummer EV and Rivian R1T of Michigan-based Rivian, according to Jalopnik, a news and opinion website based in the U.S. about cars and the automotive industry.

"And, given VinFast’s (so far reasonable) track record on delivering on its promises, might there be yet another electric pickup we see on the road before the Cybertruck?" the website wrote.

VinFast, established in 2017, launched its first fossil fuel cars in October 2018, and is expanding its EV sales and services networks in Europe and the U.S. The Vietnamese carmaker had earlier announced it would put an end to making gasoline-fueled cars by the end of 2022.

The firm recently planned to open more than 50 stores in Germany, France and the Netherlands.

In March, the Vingroup unit signed a preliminary deal to initially invest $2 billion to build a factory in North Carolina, the U.S making electric buses, sport utility vehicles (SUVs) along with batteries for EVs.

Comments (0)
  • Read More
WB approves $750 mln loan to boost Philippines' digital transformation

WB approves $750 mln loan to boost Philippines' digital transformation

The World Bank (WB) approved a loan of $750 million on Wednesday to help boost digital transformation in the Philippines.

Southeast Asia - Thu, November 14, 2024 | 10:12 pm GMT+7

Google forecasts Indonesia to become Southeast Asia’s largest digital economy

Google forecasts Indonesia to become Southeast Asia’s largest digital economy

A new report by Google, Temasek, and Bain & Company projects that Indonesia's digital economy will reach a gross merchandise value (GMV) of $90 billion in 2024, an annual increase of 13% and the largest figure in Southeast Asia.

Southeast Asia - Thu, November 14, 2024 | 10:06 pm GMT+7

Sekisui Heim Group targets low-cost housing investment in Vietnam

Sekisui Heim Group targets low-cost housing investment in Vietnam

Japan’s Sekisui Heim Group is looking to implement affordable and social housing projects in Vietnam, says Ryuji Saimon, a representative of the group’s subsidiary, Thai SCG Heim.

Real Estate - Thu, November 14, 2024 | 9:53 pm GMT+7

Vietnam’s resort town Da Lat to have $67 mln ESG realty complex

Vietnam’s resort town Da Lat to have $67 mln ESG realty complex

The One Destination has partnered with a Singapore investor and an institutional fund to build an ESG real estate complex in Vietnam’s famous resort town of Da Lat.

Real Estate - Thu, November 14, 2024 | 7:09 pm GMT+7

Vietnam prepares for 11-15% power supply growth in 2025: ministry

Vietnam prepares for 11-15% power supply growth in 2025: ministry

Vietnam expects its electricity supply to grow 11-15% in 2025, Minister of Industry and Trade Nguyen Hong Dien said Thursday, while asking relevant state agencies and power suppliers to make utmost preparations.

Energy - Thu, November 14, 2024 | 7:05 pm GMT+7

S Korea’s Kumho Tire to raise investment in Vietnam province to $908 mln

S Korea’s Kumho Tire to raise investment in Vietnam province to $908 mln

South Korea’s Kumho Tire will pour an additional $300 million into the southern province of Binh Duong as its third-phase investment, increasing the total amount to $908 million.

Industries - Thu, November 14, 2024 | 3:45 pm GMT+7

Former transport minister Nguyen Van The faces disciplinary action for Thuan An Group-related violations

Former transport minister Nguyen Van The faces disciplinary action for Thuan An Group-related violations

Vietnam's Central Inspection Committee has proposed disciplining Nguyen Van The, former Minister of Transport.

Politics - Thu, November 14, 2024 | 2:43 pm GMT+7

Central Vietnam hub Danang seeks investment for urban railway airport link

Central Vietnam hub Danang seeks investment for urban railway airport link

Da Nang is calling for investment in a major urban railway project that will connect the Danang International Airport with the central city’s famous My Khe Beach.

Infrastructure - Thu, November 14, 2024 | 2:21 pm GMT+7

HSBC provides first green trade facility in Vietnam’s seafood industry

HSBC provides first green trade facility in Vietnam’s seafood industry

HSBC Vietnam has entered an agreement to provide green trade financing to Vinh Hoan Corporation, marking the first ever green facility that the former has arranged for the latter and for the seafood sector.

Banking - Thu, November 14, 2024 | 2:11 pm GMT+7

Thailand’s Central Retail opens $17 mln mall in southern Vietnam

Thailand’s Central Retail opens $17 mln mall in southern Vietnam

Thailand’s leading retailer Central Retail has launched its 41st Vietnam outlet, the GO! Bac Lieu mall, in the eponymous Mekong Delta province.

Industries - Thu, November 14, 2024 | 1:47 pm GMT+7

Taiwan cooling solution firm AVC to spend $18 mln on building factory in Vietnam

Taiwan cooling solution firm AVC to spend $18 mln on building factory in Vietnam

Asia Vital Components (AVC), a Taiwan-based cooling solution provider, will spend VND457.1 billion ($18 million) on building a second phase factory in Vietnam.

Industries - Thu, November 14, 2024 | 11:07 am GMT+7

Vietnam stock market likely to face valuation discounts during Trump’s presidency: analysts

Vietnam stock market likely to face valuation discounts during Trump’s presidency: analysts

Emerging markets, including Vietnam, may face valuation discounts during President-elect Donald Trump’s second term, say analysts at Vietnam-focused fund management company Dragon Capital.

Finance - Thu, November 14, 2024 | 10:26 am GMT+7

Viettel launches world's first O-RAN 5G network using Qualcomm chipset platforms

Viettel launches world's first O-RAN 5G network using Qualcomm chipset platforms

Viettel has announced the commercial launch of its Open RAN (O-RAN) 5G Network, featuring key equipment developed in-house, marking the world's first O-RAN 5G network utilizing Qualcomm Technologies' 5G RAN platforms.

Companies - Thu, November 14, 2024 | 9:52 am GMT+7

Malaysia commits to net zero emissions by 2050

Malaysia commits to net zero emissions by 2050

Malaysia has committed to achieving net-zero greenhouse gas emissions by 2050, positioning itself as a responsible global player in the fight against climate change despite contributing just 0.8% of global emissions.

Southeast Asia - Thu, November 14, 2024 | 8:25 am GMT+7

Thailand eyes congestion charges to ease capital traffic

Thailand eyes congestion charges to ease capital traffic

The Thai Ministry of Transport said on Tuesday that it is exploring the implementation of a congestion charge program to alleviate chronic traffic problems in the capital city of Bangkok, improve air quality and promote the use of public transportation.

Southeast Asia - Thu, November 14, 2024 | 8:24 am GMT+7

Indonesia, Japan agree to reduce greenhouse gas emission​

Indonesia, Japan agree to reduce greenhouse gas emission​

Indonesia and Japan on Tuesday agreed to start implementing the Mutual Recognition Arrangement (MRA) for the implementation of bilateral carbon trading cooperation.

Southeast Asia - Thu, November 14, 2024 | 8:22 am GMT+7