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The international electric vehicle market is expected to increase 2 or 3 times, Vinfast reaches out to the world, is expected to launch electric buses in the US or Europe.

According to Vinfast, in the domestic market, the number of car owners is still low. Out of 1000 people, only 32 people have cars, so the growth rate will be faster. It is expected that from 2021 to 2025, the number of cars in Vietnam will increase by 8.9% from 204,900 to 287,800.

The international electric vehicle market is expected to increase 2 or 3 times, Vinfast reaches out to the world, is expected to launch electric buses in the US or Europe - Photo 1.

In addition, it is expected that by 2026, the size of the electric vehicle market in North America (USA and Canada) will increase by 3 times at present, in Europe will increase by 2 times, creating favorable conditions for Vinfast to expand its market size. The total size of Vinfast’s potential markets is 29.5 million vehicles, valued at $1,073 billion.

The international electric vehicle market is expected to increase 2 or 3 times, Vinfast reaches out to the world, is expected to launch electric buses in the US or Europe - Photo 2.

Regarding the plans for 2022, Vinfast will upgrade the performance and battery capacity of e-scooters and launch 3 electric models across Vietnam, the US and Europe. Preparing charging infrastructure for the transition to electric vehicles in Vietnam, with 150,000 battery charging points expected to be installed. Besides, Vinfast will open new showrooms in domestic and international markets, focusing on O2O sales strategy and cost optimization.

2022 will be a turning point for VinFast when switching from petrol cars to electric cars. Profit is forecasted to grow rapidly from the expectation of higher sales volume when the expansion of overseas showrooms is completed, customers will know more about Vinfast and the plan to launch new car models. .

Except for 3 electric car models VF8, VF9, VF5, Vinfast will launch 1 more electric motorbike model. From 2023, Vinfast will launch VF6, VF7 and 2 other electric car models, 1 electric motorbike and 1 electric bus model which will be launched in the US or Europe.

The international electric vehicle market is expected to increase by 2 or 3 times, Vinfast reaches out to the world, is expected to launch electric buses in the US or Europe - Photo 3.

In 2021, Vinfast expands its market share, taking the No. 1 position in all product segments. Sales of electric motorcycles are up 27% and passenger cars by 20% in 2021 despite showroom closures during social distancing and delayed showroom openings.

To adapt to the new situation, Vinfast has applied the O2O (online to offline) sales method to ensure the safety of customers. Some changes to new sales methods such as online consultation, home test drive and home delivery. In addition, Vinfast also saved VND 181 billion in operating costs in 2021.

https://cafef.vn/thi-truong-xe-dien-quoc-te-du-kien-tang-gap-2-3-lan-vinfast-vuon-ra-the-gioi-du-kien-cho- ram-xe-bus-dien-tai-my-hoac-chau-au-2022040212060553.chn
https://cafef.vn/thi-truong-xe-dien-quoc-te-du-kien-tang-gap-2-3-lan-vinfast-vuon-ra-the-gioi-du-kien-cho- ram-xe-bus-dien-tai-my-hoac-chau-au-2022040212060553.chn

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