VinFast to begin delayed deliveries of EVs to Europe this year.
VinFast to begin delayed deliveries of EVs to Europe this year
Vietnamese electric-vehicle maker VinFast has announced plans to ship its first EVs to Europe this year, following regulatory approval. Approximately 3,000 VF8 crossovers will be delivered to France, Germany, the Netherlands, and Israel in the fourth quarter. This move marks Europe as VinFast’s largest overseas market, surpassing the United States. The company’s expansion into Europe aligns with the European Union’s investigation into Chinese subsidies for EVs. VinFast’s push into the European market has been delayed due to the global semiconductor shortage.
VinFast’s Expansion into Europe
VinFast, a Vietnamese electric-vehicle manufacturer, is set to make its mark in the European market by delivering its first EVs to Europe this year. After receiving regulatory approval, VinFast plans to ship approximately 3,000 VF8 crossovers to France, Germany, the Netherlands, and Israel in the fourth quarter. This move is expected to make Europe VinFast’s largest overseas market, surpassing the United States. The company’s expansion comes at a time when the European Union is investigating Chinese subsidies for EVs, raising concerns about the influx of cheap imports from China.
Challenges and Opportunities
VinFast’s expansion into Europe has faced delays due to the global shortage of semiconductors. However, the company remains determined to enter the European market and plans to launch its other models, VF6, VF7, and VF9, in Europe next year. With the European Union’s investigation into Chinese subsidies for EVs, VinFast has an opportunity to establish itself as a reliable and competitive player in the European EV market. By delivering high-quality EVs to European customers, VinFast aims to carve out a significant share of the market and contribute to the ongoing transition towards sustainable transportation.