The Old Continent is in the sights of manufacturers from all over the world, although most are from Asia. In the coming years, what is possibly the largest settlement of foreign brands in history will take place. Some will survive, some won’t, but many will obviously try. Its next attempt has already been set and a date will begin to operate in our territory.
about VinFast, the company of Vietnamese origin. From the birth of the brand, its leadership saw it as a possibility to enter foreign markets, far from its native country. Such is the case in North America, where they already sell part of their various models. However, Europe may hold more promise for them because its conception of ‘affordable electric cars’ may suit the taste of Europe.
Sometimes, some units of VinFast have already been seen in the main capitals of Europe, although, according to their plans, before the end of 2023 they plan to deliver around. 3,000 units in countries like France, Germany or the Netherlands. In particular, this is the VinFast VF8, one of the largest electric SUVs in its catalog.
As confirmed Le Thi Thu Thuy CEO of the company, VinFast should have received it Compliance with European regulation, so the marketing of this brand can be taken for granted. “We hope to deliver the first VF8 models to French, German and Dutch customers in the fourth quarter of this year,” Thuy said, adding that the company also hopes to start exporting. VF6, VF7 and VF9 all next 2024.
VinFast is far from what it says are tariffs that Europe plans to impose on Chinese manufacturers. This will completely affect brands like MG, which are located in the heart of their business in China and VinFast may find a serious competitor in their business form, as both companies attack on price of your cars as the main weapon of the exhibition.
If VinFast’s numbers and predictions come true, Europe will become the brand’s favorite market in just a few months. For its part, the United States has currently received a total of 2,100 electric vehicles so far this year. A number that is much lower than what the brand expects to land in Europe in the last months of 2023. Should the Chinese brands established in the Old Continent be afraid?
VinFast currently has a large fleet of electric vehicles of all sizes in Vietnam. Many of them may have great sales potential in Europe, since They compete directly with the Dacia Spring on price.