Home Stock Market Unique-VinFast to ship EVs to Europe this yr as EU probes China rivals By Reuters

Unique-VinFast to ship EVs to Europe this yr as EU probes China rivals By Reuters

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Unique-VinFast to ship EVs to Europe this yr as EU probes China rivals By Reuters

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© Reuters. FILE PHOTO: A VinFast VF8 electrical SUV is displayed throughout CES 2022 on the Las Vegas Conference Heart in Las Vegas, Nevada, U.S. January 5, 2022. REUTERS/Steve Marcus

By Phuong Nguyen and Francesco Guarascio

HANOI (Reuters) – Vietnamese electrical autos maker VinFast (NASDAQ:) plans to ship its first EVs to Europe this yr after receiving regulatory approval, its chief government instructed Reuters on Thursday, because the European Union considers imposing tariffs on its Chinese language rivals.

Underneath the plan, about 3,000 of its VF8 crossovers can be delivered to France, Germany and the Netherlands within the fourth quarter of this yr from VinFast’s manufacturing unit in northern Vietnam, an individual aware of the plan instructed Reuters. The supply declined to be named as a result of these particulars weren’t but public.

If fulfilled, Europe would change into VinFast’s greatest abroad market this yr. The corporate had shipped about 2,100 EVs earlier this yr to america.

“We anticipate to ship the primary VF8 fashions to French, German and Dutch prospects within the fourth quarter of this yr,” Le Thi Thu Thuy, VinFast’s chief government, mentioned, including the corporate’s different fashions VF6, VF7, and VF9 can be launched within the European market subsequent yr.

Thuy didn’t point out the variety of VF8 sport utility autos (SUVs), however the particular person aware of the matter mentioned it will be round 3,000 autos, together with some for Israel.

The loss-making firm repeatedly revises its targets.

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