Vinfast aims to start U.S. deliveries by 2022, CEO says

Vinfast will start taking pre-orders in the U.S. market for its VF e35 and e36 electric SUVs in the first half of the next year and expects to start making deliveries of them by the end of the year, CEO Executive Michael Lohscheller said.

“It’s still early to make any sales predictions, but VinFast will reveal two of our latest EV models, which are VF e35 and VF e36, at the 2021 Los Angeles auto show this November, thus marking our official introduction to the American market,” he said according to Reuters.

The company expects to start the deliveries of its first EVs in Vietnam by December.

Vinfast is the automobile arm of Vietnam’s largest conglomerate, Vingroup.

Vinfast has an office in California and expects the inauguration of 60 U.S. showrooms next year, the CEO said.

The company has targeted worldwide EV sales next year of 15,000 vehicles, dropping from its earlier goal of 56,000 due to the worldwide semiconductor chip shortage.

To fund its growth, the automaker is eyeing a public listing in the United States.

“VinFast has a plan for an IPO in the U.S., but specific timing will depend on the market and other conditions,” Lohscheller said.

“We will reveal more information at an appropriate time in the future,” he added.