BANGKOK, THAILAND – Media OutReach Newswire – March 27, 2024 – At the Bangkok International Motor Show (BIMS) 2024, VinFast Auto (Nasdaq: VFS) signed letters of intent (LOI) with first 15 dealers in Thailand. This is an important step in the expansion of VinFast’s distribution network, strengthening the company’s presence and asserting its position in the region’s leading automotive market.
According to the partnership agreement, VinFast and dealers will actively work to open 22 showrooms concentrated on major routes in the Greater Bangkok area. This area forms a key focus of VinFast’s expansion strategy in Thailand due to its high rate of electric vehicle adoption and well-established charging station infrastructure, allowing VinFast to leverage its diverse range of urban electric vehicles.
Joining their first steps into the market, Thailand’s leading dealers see the opportunities presented by the growing sustainable transportation trend through partnerships with pure electric vehicle brands like VinFast. VinFast’s strong brand position and comprehensive product range further strengthen dealers’ confidence in the company’s success in the region.
Beyond the Greater Bangkok area, the VinFast dealership network will expand to other major cities like Chiang Mai, Khon Kaen, Ubon Ratchathani, Ayutthaya and Chonburi, allowing the company to tap into the vast potential of sustainable transportation across the country. The move also aligns with VinFast’s goal to expand its global sales network and increase deliveries worldwide.
Dealers are expected to sell VF e34, VF 5, VF 6 and VF 7 models as well as VinFast electric scooters upon their market launch. Reservation openings, vehicle prices and after-sales policies will be officially announced later in 2024.
Ms. Vu Dang Yen Hang, General Manager of VinFast Thailand, declared: “Through this partnership, we aim to deliver quickly intelligent electric mobility solutions to consumers in Thailand while ensuring a smooth and pleasant experience. This agreement not only strengthenss our presence in Thailand but also serves as a springboard for VinFast’s growth in the market by making it easier for consumers to discover our complete ecosystem of electric vehicles“.
The expansion of the dealership network in Thailand also confirms VinFast’s position and ability to establish a strong foothold in the market, as demonstrated by the company’s growth potential and its continued efforts to advance sustainable transportation globally. global scale.
VinFast is targeting expansion to at least 50 countries in 2024. Beyond established markets like the United States, Canada and Europe, VinFast is strengthening its presence in neighboring Asian countries including India, Indonesia, Thailand and the Philippines, alongside the Middle East and Africa. . To support its global growth, VinFast is accelerating the construction of electric vehicle manufacturing plants in the United States and India, and plans to open an additional factory in Indonesia.
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