Vietnamese Winfast will launch two electric car models in Europe and the US

Leading Vietnamese automaker Vinfast said on Monday it will launch two models of electric cars bound for North America and Europe, in an effort to enter these lucrative markets early next year, in which it will face major competitors.

The company said on Monday that it has officially started operations in the United States, Canada, France, Germany and the Netherlands, recruiting employees and opening offices in these “key markets”.

All vehicles will be manufactured in Vietnam. The company said that its big target is to launch its two new electric models VF e35 and VF e36 in March 2022.

To prepare for entry into those demanding markets, the company said it has hired experts who have worked for Tesla, BMW and Toyota.

Domestically, Winfast already sells sedan and SUV models with combustion engines, as well as e-scooters and electric buses.

Last year it sold around 30,000 vehicles.

Winfast introduced its first national electric car model, the VF E34, in January, priced at around $29,000 (about 24,500 euros), and has already received 25,000 orders, according to the company.

The Winggroup empire includes items such as housing, resorts, schools, hospitals, and shopping centers.

According to Forbes magazine, Winggroup CEO Pham Nat Vuong has an estimated net worth of $7 billion (€5.9 billion).

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