VinFast

VinFast
Industry Automotive industry
Founded 2017 in Hanoi, Vietnam
Founder Pham Nhat Vuong
Headquarters Hanoi, Vietnam
Key people
 Jim DeLuca (CEO)
Lê Thị Thu Thuỷ (Chairwoman)
David Lyon (Director)
Kevin Fisher (head of vehicle engineering)[1]
Products Automobiles, Electric motorcycles[2]
Parent VinGroup
Website vinfast.vn/ Edit this on Wikidata
Key people of Vinfast in Paris, 2018 (from left to right): James DeLuca (general director Vinfast), Lê Thị Thu Thủy (VP Vingroup), David Lyon (design director Vinfast), David Beckham (ambassador for Vinfast)

VinFast is a private automotive startup manufacturer headquartered in Vietnam, a member of Vingroup - one of largest private enterprises in Vietnam.[3][4][5]

Etymology

The name VinFast is an abbreviation of a Vietnamese words:

  • "Việt Nam (Vietnam)
  • Phong cách (Stylish, Ph=F)
  • An toàn (Safety)
  • Sáng tạo (Creativeness)
  • Tiên phong (Pioneer)."[6]

History

The company was founded in 2017 by VinGroup.[6] The company started its manufacture with the help of Pininfarina and is planned to participate in the 2018 Paris Motor Show in the fall of 2018. With plans to unveil a sedan and an SUV in France, VinFast claims it will be the first volume automotive manufacturer in Vietnam as well as the first Vietnamese automaker to participate in a major international auto show.

VinFast broke ground in September 2017 on an 828-acre facility in an industrial park located on Cat Hai Island near the city of Hai Phong. The investment is US $1.5 billion in the first phase of a program to make cars and mopeds at a greenfield factory on the facilities. The company claimed that it has aggregated talent from multiple established companies and is sourcing European design, engineering, and production technology partners. The first two vehicles that will be shown at Paris in the fall of 2018 were designed by Pininfarina.

Additionally, General Motors recently announced a partnership between Chevrolet and VinFast. VinFast will have exclusive rights to distribute Chevys in Vietnam and will take ownership of the existing General Motors factory in Hanoi (VIDAMCO). That factory will then build a GM-licensed “all-new global small car” to be sold under the VinFast name.[7]

VinFast signed two contracts with Siemens Vietnam, a unit of Siemens AG, for the supply of technology and components to manufacture electric buses in the Southeast Asian countries.[8]

Models

The VinFast LUX A2.0 is based on the BMW 5 Series (F10).
The VinFast LUX SA2.0 is based on the BMW X5 (F15).

Vinfast announced their first two models at the 2018 Paris Motor Show. Both models are based on previous generation BMW products, both will come in rear-wheel drive and all wheel drive, and both will be powered by the BMW N20 turbocharged petrol engine in 175bhp and 227bhp options. Production of both models will start in the second half of 2019.[9]

Vinfast will also produce a rebadged Opel Karl, with a redesigned front by Italdesign.[10]

LUX A2.0

The LUX A2.0 is an executive sedan, based on the F10 BMW 5 Series.[9][11]

LUX SA2.0

The LUX SA2.0 is a mid-size luxury SUV, based on the F15 BMW X5.[9][11]

Production facilities

A new factory is under construction at Cat Hai Island, near Hai Phong. In 2017, Vinfast also acquired GM Vietnam's Hanoi factory.[12]

See also

References

  1. ↑ VietnamBiz (2 October 2018). "'Nữ tướng VinFast' Lê Thị Thu Thủy: Mục tiêu của VinFast là trở thành thương hiệu toàn cầu - VietnamBiz".
  2. ↑ VinFast looks for electric motorcycle distributors 07/24/2018
  3. ↑ Vinfast - Mondial Paris Motor Show 2018
  4. ↑ Raheriarivony, Lucas (2018-09-10). "Vinfast: L'énigmatique marque vietnamienne sera au Mondial". Auto News (in French). Retrieved 2018-08-09.
  5. ↑ "Le constructeur vietnamien VinFast dévoile ses deux premiers modèles de voitures". Le Progrès (in French). 2018-09-01. Retrieved 2018-09-19.
  6. 1 2 Lê Ngà (2018-09-28). "VinFast - những bước chạy 'thần tốc'". VietnamFinance (in Vietnamese). Hiệp hội Doanh nghiệp Đầu tư nước ngoài. Retrieved 2018-09-19.
  7. ↑ "GM forms partnership with Vietnam's VinFast". Financial Times. 2018-06-28. Retrieved 2018-09-26.
  8. ↑ "Vietnam's Vinfast in deal with Siemens for technology to make electric buses". Reuters. 2018-08-13. Retrieved 2018-09-26.
  9. 1 2 3 "Vinfast to launch Lux A2.0 and Lux AS2.0 saloon and SUV - Autocar". www.autocar.co.uk.
  10. ↑ "Vietnam's VinFast taps European suppliers to become a global player". 29 September 2018.
  11. 1 2 https://paultan.org/2018/10/03/vinfast-debuts-lux-suv-and-sedan-at-2018-paris-motor-show/
  12. ↑ "Subscribe to read". Financial Times.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.