VinFast EVs showcased in Israel prior to exports
Israeli car distributor B-EV Motors has introduced electric vehicles (EVs) made by Vietnamese carmaker VinFast in Tel Aviv ahead of official exports to be announced at a later date.
Israeli Prime Minister Benjamin Netanyahu and Vietnamese Deputy Prime Minister Tran Luu Quang witnessed the Vietnam-Israel Free Trade Agreement (VIFTA) signing on Tuesday in Jerusalem by Nir Barkat, Israeli Minister of Economy and Industry, and Vietnamese Minister of Industry and Trade Nguyen Hong Dien.
B-EV Motors debuts VinFast EVs in Tel Aviv.
The Monday event was part of a number of celebrations marking 30 years of diplomatic relations between Israel and Vietnam.
SUV VF 8 is one of VinFast’s EV models that will be exported to the Israeli market. Photo courtesy of VinFast.
VinFast announced in April 2022 that it had chosen B-EV Motors as its EV distributor in Israel.
“Under the agreement, B-EV Motors will distribute solely VinFast products, and VinFast and B-EV Motors will be the first to introduce unprecedented policies to the Israeli market,” the Vietnamese EV maker said.
“VinFast will become the leading electric vehicle company in the Israeli market in the coming years,” B-EV Motors chairman Dror Michman said in the announcement.
Israel's goal is to reaching 100% electric vehicles on its roads by 2030 and the adaptability of its transportation infrastructure represents the driving forces behind the Middle East country’s development of electrified mobility.
VinFast said its e-SUV models the VF 8 and VF 9 will be made available for reservation in the Israeli market and come with a 10-year or first 200,000-km warranty policy. However, the producer has yet to unveil a date for its export plans to Israel.
The EV startup is expanding in North American and European markets. It plans to break ground for its EV and battery manufacturing complex in North Carolina, the U.S. on July 28 (U.S. time).
“This will be the first electric vehicle manufacturing facility in North Carolina, and will help contribute to the supply of electric vehicles in North America and accelerate the global green mobility revolution,” VinFast, the car unit of Vingroup, Vietnam’s largest private conglomerate, said on July 19.
VinFast's manufacturing facility will be built at the Triangle Innovation Point in Chatham Count. Covering an area of approximately 1,800 acres (nearly 7.3 million square meters), the EV plant is designed to reach a capacity of 150,000 vehicles per year in phase one.
Expected to start production in 2025, it will also house supplementary supplier businesses.
- Related News
- Read More
Thai firm opens 20,000-sqm shopping center in central Vietnam hub
MM Mega Market Vietnam (MMVN), a subsidiary of Thailand's TCC Group, on Monday opened its MM Supercenter Danang, a 20,000 sqm commercial complex with total investment capital of $20 million, in Danang city.
Real Estate - Tue, November 18, 2025 | 12:20 pm GMT+7
Vietnam PM asks Kuwait fund to expand investment in manufacturing, logistics, renewable energy
Prime Minister Pham Minh Chinh on Monday called on the Kuwait Fund for Arab Economic Development (KFAED) to strengthen cooperation with Vietnam, particularly in the areas of industrial production, logistics, renewable energy, green economy, and the Halal ecosystem.
Economy - Tue, November 18, 2025 | 11:53 am GMT+7
Thai dairy brand Betagen to build first plant in Vietnam
Betagen, a famous Thai dairy brand, plans to build its first manufacturing plant in Vietnam, located in the southern province of Dong Nai.
Industries - Tue, November 18, 2025 | 8:49 am GMT+7
Banks dominate Vietnam's Q3 earnings season, Novaland posts biggest loss
Banks accounted for more than half of the 20 most profitable listed companies in Vietnam’s Q3/2025 earnings season, while property developer Novaland recorded the largest loss.
Finance - Tue, November 18, 2025 | 8:24 am GMT+7
Highlands Coffee posts strongest quarterly earnings in 2 years on robust same-store sales
Highlands Coffee, Vietnam’s largest coffee chain, delivered its best quarterly performance in two years, with Q3 EBITDA exceeding PHP666 million ($11.27 million), parent company Jollibee Foods Corporation (JFC) said in its latest earnings report.
Companies - Mon, November 17, 2025 | 10:21 pm GMT+7
Hong Kong firm Dynamic Invest Group acquires 5% stake in Vingroup-backed VinEnergo
VinEnergo, an energy company backed by Vingroup chairman Pham Nhat Vuong, has added a new foreign shareholder after Hong Kong–based Dynamic Invest Group Ltd. acquired a 5% stake, according to a regulatory filing on Saturday.
Companies - Mon, November 17, 2025 | 9:52 pm GMT+7
Thai giant CP’s Q3 Vietnam revenue drops 20% as hog prices slump
Thailand’s Charoen Pokphand Foods PCL (CPF) reported a sharp downturn in its Vietnam business in Q3, making the country its only major market to contract.
Companies - Mon, November 17, 2025 | 4:16 pm GMT+7
Surging demand for gas turbines tightens supply chains, extends lead times: Siemens Energy
Demand for gas turbines is rising rapidly, especially in regions with a surge in data center development, tightening supply chains and extending lead times - factors that investors must closely track during project preparation, according to Siemens Energy.
Companies - Mon, November 17, 2025 | 1:34 pm GMT+7
Novaland completes first phase of restructuring, targets 'returning to growth' from 2027
Novaland, a leading real estate developer in Vietnam, said it has completed the first phase of its multi-year restructuring plan and aims to finish the entire program by end-2026, positioning the company to return to growth from 2027.
Companies - Mon, November 17, 2025 | 12:26 pm GMT+7
Vietnam's property developer Regal Group to list shares on HCMC bourse in Q4
Regal Group JSC, a property developer based in the central city of Danang, has applied to list its 200 million RGG shares on the Ho Chi Minh City Stock Exchange (HoSE) in Q4/2025.
Real Estate - Mon, November 17, 2025 | 10:52 am GMT+7
Vietnam's upstream oil & gas stocks surge on project momentum, regulatory easing
Stocks of Vietnam’s upstream oil and gas companies have surged in recent weeks, boosted by rising exploration activity and new rules that accelerate project approvals, while midstream and downstream players face pressure from falling crude prices.
Companies - Mon, November 17, 2025 | 8:57 am GMT+7
Indonesia to turn Bali into Asia’s next medical tourism hotspot
Indonesia is stepping up efforts to reduce the number of citizens seeking treatment abroad and turn Bali into Asia’s leading medical tourism hotspot.
Southeast Asia - Sun, November 16, 2025 | 9:05 pm GMT+7
Malaysia aims to become Southeast Asia’s AI, EV hub
Malaysia is shifting into high gear as it positions itself to become Southeast Asia’s leading hub for smart, sustainable mobility, powered by breakthroughs in electric vehicles (EVs), artificial intelligence (AI), and advanced manufacturing.
Southeast Asia - Sun, November 16, 2025 | 9:00 pm GMT+7
108 foreign investors hold 26.8% stake in Vietnam's industrial giant Thaco
Vietnam’s industrial conglomerate Truong Hai Group (Thaco) has reported a charter capital of VND30.51 trillion ($1.16 billion), with domestic private capital accounting for 73.2% and 108 foreign investors holding the remaining 26.8% stake.
Companies - Sun, November 16, 2025 | 4:42 pm GMT+7
Vietnam the most important manufacturing hub of Chinese electronics giant Luxshare-ICT: exec
Major Chinese electronics manufacturer Luxshare-ICT will expand its operations in Vietnam by rolling out large science-technology and innovation projects in the northern province of Bac Ninh and other localities, its vice chairman Wang Laisheng said on Saturday.
Companies - Sun, November 16, 2025 | 2:46 pm GMT+7
Sweden’s Syre reinforces $1 bln textile recycling plant in Vietnam with Nike deal
A strategic deal with U.S. sportswear giant Nike is expected to consolidate Swedish recycling start-up Syre's plans to roll out a global network of textile-to-textile recycling facilities, beginning with a $1 billion plant in Vietnam.
Industries - Sun, November 16, 2025 | 8:00 am GMT+7
