Latest news with #VF5
The Sun
3 days ago
- Automotive
- The Sun
Vinfast showcases the VF 6 right-hand drive for the first time at IIMS Surabaya 2025
SURABAYA, INDONESIA - Media OutReach Newswire - 28 May 2025 - VinFast has announced its participation in the Indonesia International Motor Show (IIMS) Surabaya 2025, where it will feature the largest booth at the event. Significantly, the VF 6 B-segment SUV will be showcased for the first time in Indonesia, expanding VinFast's diverse product portfolio to better serve the country's varied mobility needs. This move marks an important milestone in VinFast's expansion strategy, underscoring its commitment to establishing a strong presence in the Indonesian market. At the exhibition, VinFast will showcase its complete range of electric vehicle models currently available in the market, spanning the most popular segments: VF 3, VF 5, VF 6, and VF e34. At the heart of the display is the VF 6, a B-segment electric SUV officially opened for sales in early May 2025. The VF 6 has a modern, tech-savvy design that is well-suited for a wide range of mobility needs, especially in urban environment. This will be the first public showcase of the VF 6 right-hand drive version, offering visitors a firsthand and engaging experience. The VF 6 is available in two trims – Eco and Plus – with starting prices of 396,995,000 IDR and 451,600,000 IDR respectively (OTR East Java), offering flexible options that cater to the diverse needs and budgets of Indonesian consumers. VinFast continues to apply attractive sales policies for the VF 6, including free charging at VinFast stations (operated by V-GREEN) through March 1, 2028, and an accessory gift package valued at 13,345,000 IDR. During IIMS Surabaya, VinFast is introducing additional limited benefits for VF 6 customers. These include cashback of up to 15,000,000 IDR, along with one year of complimentary comprehensive risk insurance provided by Tugu Insurance for all cash purchases made before June 30, 2025. In collaboration with its trusted financial partner Adira Finance, VinFast is also offering flexible financing solutions across its entire vehicle lineup at IIMS Surabaya. Customers can drive home a VinFast car with an initial payment starting from just 28,020,000 IDR, monthly installments from 3,921,000 IDR, or opt for a 0% interest financing plan. Visitors to the VinFast booth will have the opportunity to participate in a lucky draw for a chance to win special prizes, including a brand-new VF 5. In addition to special sales programs during the launch phase and at the event, VinFast continues to apply an attractive vehicle exchange and buy-back policy, offering up to 90% of the vehicle's value after 6 months and 70% after 3 years for all VinFast models in Indonesia. This policy provides customers with greater peace of mind when choosing a VinFast EV and the flexibility to upgrade their vehicle based on evolving needs. At the event, customers can also explore VinFast's comprehensive green mobility ecosystem, including home and public charging solutions, a smart vehicle management app, and exceptional after-sales services. Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, shared: 'IIMS Surabaya presents an important opportunity for VinFast to connect with Indonesian consumers, especially in East Java, one of our key target markets. Indonesia is currently one of the markets with the most diverse VinFast product portfolio and is the first market to feature the right-hand drive version of the VF 6. This reaffirms our commitment to providing customers with more sustainable, smart, and practical transportation options.' Surabaya, alongside Jakarta, is one of Indonesia's major economic hubs, with a large population and rising transportation demand. VinFast's presence at IIMS Surabaya is part of its broader strategy to expand its distribution and service network nationwide, bringing its electric vehicles closer to customers across the country. The company has already established 20 authorized service centers, 25 third-party workshop and 22 dealerships in Indonesia, including 7 locations in East Java. Alongside expanding its product lineup, VinFast is steadily developing a comprehensive support ecosystem. In Indonesia, VinFast owners can already enjoy free charging at V-GREEN-operated stations nationwide, to enhance convenience and accessibility. Customers also benefit from industry-leading warranty and aftersales policies, demonstrating VinFast's long-term commitment to the Indonesian market.
Time of India
4 days ago
- Automotive
- Time of India
VinFast to roll out first EV, VF5 from Thoothukudi Plant on June 30
VinFast , the Vietnamese electric vehicle manufacturer, is scheduled to launch its first electric car, the VF5 hatchback , on June 30 from its new Thoothukudi plant . The plant was constructed in 15 months within SIPCOT's industrial park. This development is a significant achievement for Tamil Nadu's electric vehicle goals. The ₹16,000 crore project validates Tamil Nadu's status as a leading EV investment destination in India. The state already accounts for over 40per cent of the country's planned EV investments. The Thoothukudi plant has a production capacity of 1.5 lakh cars per year. It also includes a dedicated supplier park. Access to Thoothukudi Port was a key factor in the plant's establishment. TN Govt's strategic push to decentralize industry beyond Chennai made this historic rollout possible.
The Sun
17-05-2025
- Automotive
- The Sun
GSM launches Xanh SM platform, officially distributes VinFast VF 3 and VF 5 electric vehicles in Laos
VIENTIANE, LAOS - Media OutReach Newswire - 17 May 2025 – Green and Smart Mobility Joint Stock Company (GSM), the operator of Xanh SM – Southeast Asia's first all-electric ride-hailing service – has officially launched the Xanh SM Platform in Laos. In tandem, GSM announced the official distribution of two electric vehicle models, the VinFast VF 3 and VF 5, in the country. Laos is the second international market, following Vietnam, where GSM is deploying its comprehensive model that integrates electric vehicle distribution with eco-friendly ride-hailing services. This expansion marks a strategic milestone in GSM's 'Go Green Global' vision, underscoring its pioneering role in bringing Vietnam's sustainable transportation model to the regional stage. Following more than a year of successful operations in Vientiane, Vang Vieng, Savannakhet, and Champasak, Xanh SM has earned strong support from Laotian users. Millions have embraced the service, traveling over 8 million electric kilometers and collectively reducing carbon emissions equivalent to what 70,000 trees absorb in a year—highlighting the model's compatibility with and impact on the local market. Building on this foundation, GSM is now introducing the Xanh SM Platform – an open technology solution that empowers VinFast VF 5 owners in Laos to become ride-hailing partners and generate sustainable income. With a highly competitive revenue-sharing model offering drivers up to 87% of fare income—among the highest in the Laotian market—the Xanh SM Platform not only ensures attractive earnings but also provides access to a large customer base through the Xanh SM ecosystem. Partners will benefit from comprehensive training programs aligned with international standards for green transport services. Coinciding with the platform launch, GSM also opened its first VinFast showroom in Laos, located on Kaysone Phomvihane Road, Phakao Village, Xaythany District. The company officially introduced and commenced sales of the VinFast VF 3 and VF 5, with GSM serving as the exclusive distributor for VinFast vehicles in Laos. The VinFast VF 5 is a compact urban SUV, ideal for service operations with its spacious interior, smart design, and optimized performance. It is listed at 450,297,000 Kip (approx. USD 20,690, VAT included). Customers placing deposits before May 31, 2025, will receive a direct discount of 9,794,000 Kip (USD 450) and enjoy 50% off charging fees for two years (until June 30, 2027). Alternatively, the charging benefit can be converted into a USD 1,000 cash discount on the vehicle price. This brings the total incentive package to 31,558,000 Kip (USD 1,450), lowering the effective cost to just 418,740,000 Kip (USD 19,240). The VinFast VF 3 is a four-seat mini electric car designed for everyday personal use—perfect for young drivers and first-time car owners. The VF 3 is priced at 269,656,000 Kip (USD 12,390, VAT included). Early customers depositing by May 31, 2025, will receive a discount of 5,440,000 Kip (USD 250) and 50% off charging costs for two years (until June 30, 2027). Customers may also convert this benefit into a USD 250 cash deduction from the purchase price, bringing the total incentive value to 10,880,000 Kip (USD 500), reducing the effective price to around USD 11,890. Mr. Nguyen Van Thanh, Global CEO of GSM, shared: 'The launch of the Xanh SM Platform in Laos is not merely a market expansion—it represents a strategic export of a comprehensive sustainable development model where technology, environmental responsibility, and economic opportunity converge. We believe Vietnam is not only capable of producing green vehicles, but also of leading the global mobility transition. Xanh SM is living proof of that vision.' The simultaneous launch of the Xanh SM Platform and the official distribution of the VF 3 and VF 5 in Laos further strengthens the presence of Vietnamese innovation on the global green mobility map. It also reflects GSM's long-term commitment to supporting the Laotian people in building a modern, environmentally friendly, and sustainable transportation infrastructure.
The Sun
29-04-2025
- Automotive
- The Sun
VinFast Announces 1Q25 Global Deliveries and Date for the Release of First Quarter 2025 Results
HANOI, VIETNAM - Media OutReach Newswire - 28 April 2025 - VinFast Auto Ltd. ('VinFast' or the 'Company') today announced its preliminary vehicle deliveries for the first quarter of 2025. The Company delivered 36,330 electric vehicles ('EVs') globally in 1Q25, representing a 296% increase year-over-year. Notably, VF 5 (A-segment SUV) deliveries grew 153% year-over-year and VF 6 (B-segment SUV) deliveries grew 453% year-over-year. VF 3 (mini-SUV) and VF 5 accounted for 67% of total deliveries during the quarter, indicating strong market acceptance for VinFast's compact and agile urban vehicle lines. VinFast also announced it delivered 44,904 e-scooters and e-bikes in 1Q25, representing a 473% increase year-over-year. Madam Thuy Le, Chairwoman of VinFast, said: 'Having established a resilient foundation for expansion in 2024, VinFast is poised for significant momentum moving into 2025. Our diverse range of electric vehicles provides us with the confidence to maintain steady growth, adapt effectively to evolving market demands and navigate macroeconomic fluctuations. The VF 3 and VF 5 continued their strong performance as key growth drivers in 1Q25, alongside the promising emergence of models like the VF 6. For 2025, VinFast is steadfast in our mission to spearhead the global adoption of green transportation through innovative, smart vehicles; alongside our efforts to maintain a leading market share in Vietnam and gradually achieve substantial international growth.' Vietnam remains a crucial driver of VinFast's delivery growth. Aligned with its commitment to leading the green transition in its home market, the Company has implemented compelling incentive programs and has officially started pre-orders for its 'Green' vehicle lineup. This initiative is facilitated through a partnership with GSM and VinFast's extensive distribution network across the country. Globally, VinFast is strategically expanding its presence in high-potential Asian markets. The Company has officially launched in India, introduced three models in Indonesia, and five models in the Philippines. Simultaneously, VinFast is actively expanding its network of dealer stores and service centers across these key markets. Underpinning its commitment to meeting escalating demand for green mobility, VinFast is accelerating the development of its global manufacturing footprint. The Company anticipates the operationalization of new production facilities in Indonesia, India, and Ha Tinh (Vietnam) in line with its strategic global expansion roadmap. The Company also announced that it will release its 1Q25 financial results before the market opens on June 9, 2025. On the same day, VinFast's management will hold a live webcast to discuss the Company's business performance and strategy. Details for the call are below: --> What: VinFast Q1 2025 Financial Results and Q&A Webcast --> When: Thursday, June 9, 2025 --> Time: 8:00 a.m. Eastern Standard Time --> Live webcast: A replay of the webcast will also be made available on the Company's website. For additional information, please visit Investor Relations Email: ir@ Media Relations Email: info@ Note: Preliminary delivery results are subject to change and may differ from the final number of deliveries that will be recognized as vehicle sales revenue for the period as a result of the year end audit. Forward Looking Statements Forward-looking statements contained herein, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1955. These statements include statements regarding our future results of operations and financial position, planned products and services, business strategy and plans, objectives of management for future operations of VinFast, market size and growth opportunities, competitive position and technological and market trends and involve known and unknown risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as 'may,' 'will,' 'shall,' 'should,' 'expects,' 'plans,' 'anticipates,' 'could,' 'intends,' 'target,' 'projects,' 'contemplates,' 'believes,' 'estimates,' 'predicts,' 'potential,' 'goal,' 'objective,' 'seeks,' or 'continue' or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the risk associated with being a growth-stage company in the EV industry; (ii) the unavailability, reduction or elimination of government and economic incentives or government policies that are favorable for EV manufacturers and buyers; (iii) Significant changes or developments in U.S. laws or policies, including changes in U.S. trade policies and tariffs and the reaction of other countries; (iv) the Company's ability to adequately control the costs associated with its operations; (v) the risks of the Company's brand, reputation, public credibility, and consumer confidence in its business being harmed by negative publicity; (vi) competition in the automotive industry; (vii) the ability of the Company to obtain components and raw materials according to schedule at acceptable prices, quality, and volumes from its suppliers;(viii) the demand for, and consumers' willingness to adopt, EVs; (ix) the availability and accessibility of EV charging stations or related infrastructure; (x) failure to remediate the Company's material weaknesses and produce timely and accurate financial statements; (xi) the ability of the Company to achieve profitability, positive cash flows from operating activities, and a net working capital surplus; (xii) the Company's ability to obtain commercially reasonable capital to support its business growth; (xiii) the risk of future restatements to the Company's Financial Statements; (xiv) the Company's reliance on financial and other support from Vingroup and its affiliates and the close association between the Company and Vingroup and its affiliates; (xv) the Company's reliance on its affiliates for its EV deliveries; (xvi) the ability of the Company's controlling shareholder to control and exert significant influence on the Company; and (xvii) other risks discussed in our reports filed or furnished to the SEC. All forward-looking statements attributable to us or people acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. You are cautioned not to place undue reliance on any forward-looking statements, which are made only as of the date hereof. VinFast does not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions, or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If VinFast updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. The inclusion of any statement herein does not constitute an admission by VinFast or any other person that the events or circumstances described in such statement are material. Undue reliance should not be placed upon the forward-looking statements.
Malay Mail
28-04-2025
- Automotive
- Malay Mail
VinFast Announces 1Q25 Global Deliveries and Date for the Release of First Quarter 2025 Results
In the first quarter of 2025, deliveries of the VF 6 model increased by 453% compared to the same period in 2024. What: VinFast Q1 2025 Financial Results and Q&A Webcast When: Thursday, June 9, 2025 Time: 8:00 a.m. Eastern Standard Time Live webcast: HANOI, VIETNAM - Media OutReach Newswire - 28 April 2025 -VinFast Auto Ltd. ("VinFast" or the "Company") today announced its preliminary vehicle deliveries for the first quarter of 2025. The Company delivered 36,330 electric vehicles ("EVs") globally in 1Q25, representing a 296% increase VF 5 (A-segment SUV) deliveries grew 153% year-over-year and VF 6 (B-segment SUV) deliveries grew 453% 3 (mini-SUV) and VF 5 accounted for 67% of total deliveries during the quarter, indicating strong market acceptance for VinFast's compact and agile urban vehicle also announced it delivered 44,904 e-scooters and e-bikes in 1Q25, representing a 473% increase remains a crucial driver of VinFast's delivery growth. Aligned with its commitment to leading the green transition in its home market, the Company has implemented compelling incentive programs and has officially started pre-orders for its "Green" vehicle lineup. This initiative is facilitated through a partnership with GSM and VinFast's extensive distribution network across the VinFast is strategically expanding its presence in high-potential Asian markets. The Company has officially launched in India, introduced three models in Indonesia, and five models in the Philippines. Simultaneously, VinFast is actively expanding its network of dealer stores and service centers across these key its commitment to meeting escalating demand for green mobility, VinFast is accelerating the development of its global manufacturing footprint. The Company anticipates the operationalization of new production facilities in Indonesia, India, and Ha Tinh (Vietnam) in line with its strategic global expansion Company also announced that it will release its 1Q25 financial results before the market opens on June 9, 2025. On the same day, VinFast's management will hold a live webcast to discuss the Company's business performance and strategy. Details for the call are below:For additional information, please visit Relations Email: [email protected] Media Relations Email: [email protected] Note: Preliminary delivery results are subject to change and may differ from the final number of deliveries that will be recognized as vehicle sales revenue for the period as a result of the year end #VinFast The issuer is solely responsible for the content of this announcement. About VinFast VinFast – a subsidiary of Vingroup JSC – is Vietnam's leading automotive manufacturer committed to its mission of creating a green future for everyone. VinFast manufactures a portfolio of electric SUVs, e-scooters and e-buses in Vietnam and exports to the United States and Europe. Learn more at VinFast deliveries represent only one measure of the company's financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the average selling price and various cost components.
