Ambitions and base
The Vietnamese Vinfast has yet to deliver the first cars in Europe and is therefore emphatically in the start-up phase. That always costs money, but within three years profit should be possible.
The preview of the financial situation comes from David Mansfield, who as CFO of Vinfast has the authority to make a statement like no other. Furthermore, Mansfield keeps his teeth tight, reports Automotive News Europe. Vinfast is in the process of going public and therefore does not want to go into too much detail about sales figures and other decisive numbers.
Yet one thing is clear, and that is that in three years’ time ‘considerably less than a million’ cars will be sold. That number does not just fall from the sky, but is a number that was previously mentioned as a target by Vinfast.
Vinfast is also a player to keep an eye on. The brand is part of the huge VinGroup concern and therefore has everything it takes to keep it going for a long time. In Vietnam, the car branch of this company is already quite successful, although the numbers are not yet too large on a global scale. For the Netherlands, the brand has two models planned for the time being, the VF 8 and VF9. In both cases, it is an electric SUV.
Another proof of Vinfast’s sky-high ambitions: the brand wants to sell electric cars not only in demanding Europe, but also in the United States. This shows not only courage because Vinfast comes from a country that is quite fraught for Americans, but also because North America is seen by many car manufacturers as a separate branch of sport. For example, all French car brands have not been active there for decades, as have Volkswagen subsidiaries Seat and Skoda.
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– Thanks for information from Autoweek.nl