VinFast to launch 3 headquarters in Europe

Vietnamese electric vehicle maker VinFast will open three headquarters in Paris, Frankfurt, and Amsterdam to intensify its global footprints, the company said Tuesday.

VinFast made the announcement from the Paris Motor Show 2022 on October 17-23, where it is introducing four models VF 6, VF 7, VF 8, and VF 9, which are electric SUVs from five seaters onward. The EV startup considers the products as four of its key cars for European markets.

However, VinFast has not disclosed the timeline for the three new headquarters.

All four models come with a 10-year warranty, one of the leading warranty policies on the market.

VinFast attaches importance to expanding its markets in Europe, Jean-Christophe Mercier, deputy CEO of VinFast Europe, said at the Paris show. It also plans to open 50 stores in France, Germany and the Netherlands in the next 12 months, with the first in Germany’s Cologne on November 2, Mercier said.

After that will be sales centers in Paris and Nice (France), Amsterdam, Berlin, Munich, Frankfurt, and Hamburg (Germany) later this year. In early 2023, VinFast plans to launch sales centers in Oberhausen (Germany), Marseille, Rennes, Montpellier, Metz (France), and Den Haag, Rotterdam (the Netherlands).

VinFast was formed by Vietnam’s largest conglomerate Vingroup in 2017 as its car unit. The producer made its global debut at the Paris Motor Show 2018 with petrol-fueled Lux A2.0 and Lux S2.0 models.

Dubbed Vietnam’s Tesla, VinFast has totally shifted to EV manufacturing, with overseas markets in North America and Europe. VinFast will deliver its first EVs to buyers in the markets this December.

In a related development, the Los Angeles Auto Show 2022 announced on October 4 that the major event, slated for November 18-27, will be highlighted by displays from VinFast and a series of global brands like Alfa Romeo, Aston Martin, Charge Cars, Chevrolet, Chrysler, Dodge, ElectraMeccanica, Fiat, Ford, Genesis, GMC, Honda, Hummer, Hyundai, INDI EV, Jaguar, Jeep, Kia, Land Rover, Lexus, Lincoln, Mazda, Nissan, Porsche, Ram, Subaru, Supernal, Toyota, Volkswagen, and Volvo.