Business Daily Media

VinFast exports next batch of 1,879 VF 8 vehicles to North America

HAI PHONG, VIETNAM - Media OutReach - 17 April 2023 - VinFast announced the shipment of the second batch of 1,879 VF 8 vehicles to the US and Canada.

The vehicles are expected to be delivered to US customers in May and to Canadian customers in June.

Shipment - 09[7].jpg

The Silver Queen departed from the MPC Port in Haiphong, Vietnam for North America. The ship is expected to arrive at the Port of Benicia in California after more than 20 days at sea. Upon arrival, VinFast will hand over 1,098 VF 8 vehicles to the US market and will continue the journey with the remaining 781 vehicles to Canada afterwards.

This is the second exported EV batch of VinFast, and the first exported VF 8 standard batch to the international market. The VF 8 standard comes in two trim levels - the Eco and the Plus, which offer a higher estimated range* than the existing "City Edition" that VinFast delivered to US customers in March of this year.

The VF 8 Eco is equipped with a 260 kW maximum power electric motor reaching a maximum torque of 500Nm. At the same time, the Plus trim comes with a maximum power of 300 kW and maximum torque of 620Nm.

The VF 8 Standard is also equipped with the Advanced Driver Assistance System (ADAS), providing a wide range of features that will be enhanced and updated regularly with technologies such as highway assist, auto lane changing assist, fully-automated parking assistance, smart summon mode, remote parking and more.

Smart Services are integrated with immersive features such as virtual assistant and remote control via the VinFast app. In addition, convenience features such as online shopping along with in-car home and office services, etc. will provide an immersive experience to consumers.

After completing imported procedures and required licenses and certificates, VinFast expects to hand over these VF 8 standards to the US customers in May and Canadian customers in June.

For the European markets, the first exported batch is expected to commence in mid-July 2023 with 700 VF 8 vehicles.

In the past year, VinFast has continued to expand its global business network opening more than 30 retail stores and service centers in the US, Canada, Germany, France, and the Netherlands, to serve consumers in these key markets.

In Vietnam, VinFast officially delivered the first VF 9 all-electric SUVs to customers in March 2023 and expects to deliver the new subcompact VF 5 Plus models in April 2023.

On a global scale, VinFast will soon open reservations for VF 6 and VF 7 and deliver VF 9 vehicles to customers who have made reservations.

* The official EPA ranges will be announced when available.

Hashtag: #VinFast #Vingroup #VF8

The issuer is solely responsible for the content of this announcement.

About VinFast

VinFast - a member of Vingroup – envisioned to drive the movement of global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90% automation in Hai Phong, Vietnam. Strongly committed to the mission for a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at:

VinFast Safe Harbor Disclosure

This news release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and include VinFast's expectations. Forward-looking statements typically can be identified by the use of words such as "will," "expect," "believe," and similar terms. While these forward-looking statements represent VinFast's current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. Factors that could cause actual results to differ materially from those contemplated above include, but are not limited to, general economic conditions, hazards customary in the automotive industry, competition in certain markets, the volatility of battery prices, failure of customers to perform under contracts, changes in government regulation of markets and of environmental emissions, and our ability to achieve the expected benefits and timing of our electric vehicle projects. VinFast undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing review of factors that could cause VinFast's actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect VinFast's future results.

News from Asia

Vedanta Group Plans ~$500 million Investment in AvanStrate Inc. to Drive Innovation in High-Tech Display Glass Products

SINGAPORE / MUMBAI, INDIA - Media OutReach Newswire - 11 November 2024 - Vedanta Limited is planning to invest close to $500 million in its group company, AvanStrate Inc. (ASI), a leading global d...

CLP Power and DNMC Support Student Visits to Daya Bay Nuclear Power Station as Part of Hong Kong Education Bureau’s Mainland Study Tours of the Subject of Citizenship and Social Development

HONG KONG SAR - Media OutReach Newswire - 11 November 2024 - CLP Power Hong Kong Limited (CLP Power) and Daya Bay Nuclear Power Operations and Management Co., Ltd. (DNMC) fully support the Mainlan...

Glorious Program kindles rural prosperity after 30 years since its establishment with close to 1500 projects

BEIJING, CHINA - Media OutReach Newswire - 11 November 2024 - On April 23, 1994, ten private entrepreneurs issued a call to action: "Let's dedicate ourselves to the noble mission of poverty allevi...

Gaw Capital Partners Ranks 3rd in PERE's 2024 Proptech 20

HONG KONG SAR - Media OutReach Newswire - 11 November 2024 - Gaw Capital Partners ranked third in the PERE's 2024 Proptech 20 among all fund managers globally, with US$1,293m raised over the past ...

eftPay Entered in a MOU with AXS

Revolutionizing Payment Processing Across Asia Pacific Markets HONG KONG SAR - Media OutReach Newswire - 11 November 2024 - eft Payments (Asia) Limited ("eftPay" or the "Company"), one of the lea...

OPPO Find X8 Series with ColorOS 15 to Launch Globally, Setting a New Standard for Flagship Smartphones

SHENZHEN, CHINA - Media OutReach Newswire – 11 November 2024 - OPPO, the world's leading smart device brand will launch Find X8 Series and ColorOS 15 at a global launch event, set to take place o...

Galaxy Macau™ Presents Tatler Off Menu Dazzles with 15 International Masters of Gastronomy

Crafting an Unforgettable Celebration MACAU SAR - Media OutReach Newswire - 11 November 2024 - Galaxy Macau™ Presents Tatler Off Menu took place from November 8 to 10 at the Galaxy Macau™ Cabana a...

12 Years of Success: JustMarkets’ Brightest Highlights

CAPE TOWN, SOUTH AFRICA - Media OutReach Newswire - 12 November 2024 - With 12 years of reliability, safety, and trust under its belt, JustMarkets has earned a leading place in the industry...

International Business Forum "World of Opportunities: RussiaASEAN" to be Held in Malaysia

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 12 November 2024 – Kuala Lumpur will host the "World of Opportunities: Russia-ASEAN" International Business Forum on November 26-27, bringin...

University of Macau Welcomes Distinguished Scholars, Boosting Its Commitment to Academic Excellence

MACAU SAR - Media OutReach Newswire - 12 November 2024 - With its growing international reputation and influence, the University of Macau (UM) has attracted several eminent scholars from various f...

Branding: A guide to colour

Colour Psychology Bhavani Lee an Associate Creative Director at Vista Australia has shared her insights and expertise on the psychology behind co...

Business Training

3 Tips For Balancing Business And Family

Running a business while also simultaneously being the head of the family can be a stressful challenge to deal with, but so many people out there do...

Business Training

Sydney Rain Bombs Could Be On The Increase

Motorway closures, forced evacuations, and flooding – Sydney has seen it all, including the recent weather event that has been dubbed the Taylor Swi...

Property

Tips for Keeping Your Business OSHA Compliant

As a business owner, you are legally and morally responsible for your employee's safety and wellness. OSHA sets standards and regulations that bus...

Business Training

Preliminary clearance rates dip as capital city auction activity rises

With the spring selling season just around the corner, auction activity rose above the 2,000 mark for the first time in nine weeks, with 2,018 homes...

Property

Estimating The Value Of Your Property

Property value estimator A property value estimator is a tool that can be used to estimate the value of a property. There are a number of differe...

Property