VinFast

company 1 Deal 2 Partners

VinFast is a Vietnamese electric vehicle manufacturer, a subsidiary of Vingroup, producing electric cars, e-scooters, and e-buses. The company is expanding its global presence, particularly in North America and Europe, and is actively developing its own EV charging infrastructure to support its vehicle sales.

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Founded 2017 Parent: Vingroup

Electric Vehicle ManufacturerOEM/EquipmentDeveloperOperator

Strategic Overview

Aggressive global expansion strategy for electric vehicles, focusing on key markets like North America, Europe, and Southeast Asia.
Vertical integration approach, including in-house battery production and development of proprietary charging infrastructure.
Significant investment in manufacturing facilities outside of Vietnam to support international sales.

Deal History (1)

VinFast to supply 20,000 electric cars to Indonesian transport companies

supplier Transport Indonesia Mar 6, 2026

Deal Activity from Public Sources

VinFast announced plans to build an electric vehicle and battery manufacturing plant in Chatham County, North Carolina, USA.

Development Electric Vehicles, Battery Storage USA March 2022 150000 units

VinFast announced a partnership with Electrify America to provide VinFast EV owners with access to Electrify America's charging network in the US.

Partnership EV Charging USA July 2022 with Electrify America

VinFast announced a partnership with EVgo to provide VinFast EV owners with access to EVgo's charging network in the US.

Partnership EV Charging USA January 2023 with EVgo

VinFast completed its business combination with Black Spade Acquisition Co and began trading on the Nasdaq Global Select Market under the ticker "VFS".

Financing USA August 2023 with Black Spade Acquisition Co

VinFast announced plans to build an EV manufacturing plant in Indonesia.

Development Electric Vehicles Indonesia January 2024

VinFast announced plans to build an integrated EV manufacturing facility in Thoothukudi, Tamil Nadu, India.

Development Electric Vehicles, Battery Storage India January 2024 150000 units

Investment Focus

Technologies

Transport1

Geography

Indonesia1

Key People

Le Thi Thu Thuy

CEO, VinFast Global

Pham Nhat Vuong

Chairman, Vingroup

Track Record

Years Active

Notable projects: VinFast EV manufacturing plant in Hai Phong, Vietnam, VinFast EV manufacturing plant in North Carolina, USA (under construction), Development of VinFast proprietary EV charging network

Detailed Analysis

Technologies

Electric VehiclesEV ChargingBattery Storage

Geographies

VietnamUSACanadaGermanyFranceNetherlandsIndonesiaIndia

Deal Stage

GreenfieldOperating

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