VinFast is looking for space in Germany to build a factory

VinFast is looking for space in Germany to build a factory

VinFast executives have started cooperation with the executives of the investment company “GTAI” (“Germany Trade and Invest”) which belongs to the German federal government, to do business in the European country.

According to the official announcement of the Vietnamese car industry, the purpose is to create a factory for the production of electric models and vans, which will be found in Germany and in other countries of the Old Continent.

In her statement, Ms. Le Thi Thu Thuy, who recently took over as CEO of VinFast, explained the company’s business intent by highlighting: “The time when cars were shipped around the world is over, especially after the COVID-19 pandemic. We need to have factories close to markets to attract customers.

»At VinFast we want to offer high quality electric cars and give our customers a unique experience at an affordable price. We are sure that we can find a place in the European market, especially after the clear shift (of interest) of Europeans towards electric cars.”

Ms. Thuy (pictured) did not provide more information about where the company’s new factory will be built, nor about its production capacity. However, according to “GTAI” officials, if there are no major problems, its operation can begin around 2025 and have a higher manufacturing capacity about 250,000 cars per year.

Currently, VinFast management has planned the introduction and availability of their electric models VF e35 and VF e36 in Germany, France and the Netherlands. Their sales are expected to begin in the spring.