Vietnamese electric cars VinFast will enter the US market in 2021

Vietnamese electric cars VinFast will enter the US market in 2021

September 22, 2020 0 By autotimesnews

The announcement was made during the presentation of the limited-edition President SUV.

Two years ago, Vietnam impressed the world with the introduction of its first automaker, VinFast. The launch took place with two models designed by Pininfarina: the LUX A2.0 sedan and the LUX SA2.0 SUV.

Fast forward to this year, VinFast is officially calling its SUV the President, which has a V8 engine and will only be released in 500 units – but that’s not the point. In a press release from the automaker, VinFast announced that it intends to enter the US market in 2021 through the export of an electric vehicle that is currently in development.

Pham Nhat Vuong, owner of Vingroup, said VinFast is committed to building a Vietnamese brand with a world-class reputation.

“Our biggest problem is that Vietnamese products don’t have an international brand. For many foreign friends, Vietnam is still a poor, backward country. We must find a way to enter the market and prove that our products represent a dynamic and growing Vietnam that has achieved the highest global standards, ”he added.

This is in line with previous reports that VinFast wants to enter the US market, which even prompted Vuong to invest $ 2 billion in personal fortune. Despite many perceived hurdles, the company believes the Vietnamese market is too small to make a profit, which requires expanding into a more profitable market.

More broadly, we hope the VinFast EV will be as impressive as the recently unveiled SUV. The more options on the market, the better for the consumer.

The President SUV boasts an impressive Pininfarina-designed shell and a very luxurious interior worthy of the highest standard. It’s valued at VND 3.8 billion, which will give you a 6.2-liter V8 with 420 horsepower and 624 Newton-meters of torque. Acceleration to hundreds is 6.8 seconds, and the maximum speed is almost 300 km / h.