Latest news with #VF5
The Sun
16-07-2025
- Automotive
- The Sun
VinFast to introduce new model in Indonesia upon return to GIIAS 2025
JAKARTA, INDONESIA - Media OutReach Newswire - 15 July 2025 - VinFast today announced its return to the Gaikindo Indonesia International Auto Show (GIIAS) 2025, scheduled to take place from July 24 to August 3. At the premier automotive event, the Company will introduce an entirely new right-hand drive model to Indonesian consumers, perfectly complementing its diverse EV lineup. This strategic move reaffirms VinFast's strong commitment to continuous innovation and pioneering role in shaping a green future for Indonesia. GIIAS stands as Indonesia's largest automotive exhibition and one of Southeast Asia's most significant, drawing hundreds of leading global automotive brands. During its return to GIIAS 2025, VinFast will display its full range of electric cars currently available for sale in Indonesia, spanning from the VF 3 (mini SUV), the VF 5 (A-segment SUV), the VF 6 (B-segment SUV), to the VF e34 (C-segment SUV). Notably, the highlight of the event will be the grand debut of a completely new right-hand drive pure-electric model for the Indonesian market. With the impressive debut of this new vehicle, VinFast's product portfolio in Indonesia will expand to five pioneering electric models, underscoring its commitment to offering one of the most comprehensive and diverse pure-electric ranges, crafted to meet Indonesia's evolving sustainable mobility needs. The 'VinFast Arena' exhibition space at GIIAS 2025 has a total area of 2,290 m², including indoor and outdoor areas. Located in Hall 2E, VinFast's main booth features a double-decker layout, spanning an impressive 1,030 m². Visitors here can explore the cutting-edge design, advanced technology, and impressive performance of VinFast EVs, alongside green and smart charging solutions. Meanwhile, Hall 11 will host two dynamic outdoor areas designed for direct engagement and hands-on experiences. The VinFast Cube will showcase a single, specially customized vehicle, designed to spark the imagination of VinFast enthusiasts and inspire them to personalize their own vehicles. The VinFast Arena Outdoor is dedicated to providing visitors with the opportunity to experience the full lineup of VinFast cars, from the VF 3, VF 5, VF e34, and VF 6 to the newest car model. Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, commented: 'We are proud to mark our return to GIIAS 2025 with a pivotal milestone: the introduction of a new model for the Indonesian market. In just one year since GIIAS 2024, VinFast has achieved significant progress, establishing a strong foundation within the country. This event not only underscores VinFast's steadfast commitment to spearheading Indonesia's green transformation through our diverse product portfolio and comprehensive ecosystem, but also serves as a clear demonstration of our dedication to delivering superior products and customer experiences.' In just over a year since its official market entry, VinFast has rapidly introduced a diverse product range covering the most popular segments, from the compact VF 3, versatile VF 5, comfortable VF 6, to the family-friendly VF e34. All models come with highly attractive sales and after-sales policies, including complimentary charging at V-GREEN charging stations, a guaranteed buy-back value of up to 90%, and 0% interest financing for vehicle purchases, making it easier for customers to own VinFast EVs. Furthermore, VinFast has proactively collaborated with leading banks to offer comprehensive financial solutions. The Company's dealership network is continuously expanding, with 24 showrooms now spread across major cities like Jakarta, Bandung, Surabaya, and Bali, with further robust expansion planned. VinFast owners can also enjoy peace of mind with a wide network of authorized service workshops operated by partners Otoklix and BOS nationwide. VinFast aims to establish a network of 500 authorized service workshops across Indonesia this year. VinFast is also at the forefront of building a comprehensive green transformation ecosystem through strategic partnerships with the pure-electric taxi company GSM and the global EV charging station developer V-GREEN. With its state-of-the-art electric vehicle assembly plant project in Subang, VinFast is committed to actively contributing to the development of the local electric vehicle industry. VinFast welcomes all visitors to explore its latest innovations at GIIAS 2025, located in Hall 2E and Hall 11 at ICE BSD City, from July 24 to August 3.
Arabian Post
15-07-2025
- Automotive
- Arabian Post
VinFast to introduce new model in Indonesia upon return to GIIAS 2025
At GIIAS 2025, VinFast will introduce a brand-new right-hand drive model to Indonesian consumers. JAKARTA, INDONESIA – Media OutReach Newswire – 15 July 2025 –VinFast today announced its return to the Gaikindo Indonesia International Auto Show (GIIAS) 2025, scheduled to take place from July 24 to August 3. At the premier automotive event, the Company will introduce an entirely new right-hand drive model to Indonesian consumers, perfectly complementing its diverse EV lineup. This strategic move reaffirms VinFast's strong commitment to continuous innovation and pioneering role in shaping a green future for Indonesia. GIIAS stands as Indonesia's largest automotive exhibition and one of Southeast Asia's most significant, drawing hundreds of leading global automotive brands. During its return to GIIAS 2025, VinFast will display its full range of electric cars currently available for sale in Indonesia, spanning from the VF 3 (mini SUV), the VF 5 (A-segment SUV), the VF 6 (B-segment SUV), to the VF e34 (C-segment SUV). Notably, the highlight of the event will be the grand debut of a completely new right-hand drive pure-electric model for the Indonesian market. ADVERTISEMENT With the impressive debut of this new vehicle, VinFast's product portfolio in Indonesia will expand to five pioneering electric models, underscoring its commitment to offering one of the most comprehensive and diverse pure-electric ranges, crafted to meet Indonesia's evolving sustainable mobility needs. The 'VinFast Arena' exhibition space at GIIAS 2025 has a total area of 2,290 m², including indoor and outdoor areas. Located in Hall 2E, VinFast's main booth features a double-decker layout, spanning an impressive 1,030 m². Visitors here can explore the cutting-edge design, advanced technology, and impressive performance of VinFast EVs, alongside green and smart charging solutions. Meanwhile, Hall 11 will host two dynamic outdoor areas designed for direct engagement and hands-on experiences. The VinFast Cube will showcase a single, specially customized vehicle, designed to spark the imagination of VinFast enthusiasts and inspire them to personalize their own vehicles. The VinFast Arena Outdoor is dedicated to providing visitors with the opportunity to experience the full lineup of VinFast cars, from the VF 3, VF 5, VF e34, and VF 6 to the newest car model. Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, commented: 'We are proud to mark our return to GIIAS 2025 with a pivotal milestone: the introduction of a new model for the Indonesian market. In just one year since GIIAS 2024, VinFast has achieved significant progress, establishing a strong foundation within the country. This event not only underscores VinFast's steadfast commitment to spearheading Indonesia's green transformation through our diverse product portfolio and comprehensive ecosystem, but also serves as a clear demonstration of our dedication to delivering superior products and customer experiences.' In just over a year since its official market entry, VinFast has rapidly introduced a diverse product range covering the most popular segments, from the compact VF 3, versatile VF 5, comfortable VF 6, to the family-friendly VF e34. All models come with highly attractive sales and after-sales policies, including complimentary charging at V-GREEN charging stations, a guaranteed buy-back value of up to 90%, and 0% interest financing for vehicle purchases, making it easier for customers to own VinFast EVs. ADVERTISEMENT Furthermore, VinFast has proactively collaborated with leading banks to offer comprehensive financial solutions. The Company's dealership network is continuously expanding, with 24 showrooms now spread across major cities like Jakarta, Bandung, Surabaya, and Bali, with further robust expansion planned. VinFast owners can also enjoy peace of mind with a wide network of authorized service workshops operated by partners Otoklix and BOS nationwide. VinFast aims to establish a network of 500 authorized service workshops across Indonesia this year. VinFast is also at the forefront of building a comprehensive green transformation ecosystem through strategic partnerships with the pure-electric taxi company GSM and the global EV charging station developer V-GREEN. With its state-of-the-art electric vehicle assembly plant project in Subang, VinFast is committed to actively contributing to the development of the local electric vehicle industry. VinFast welcomes all visitors to explore its latest innovations at GIIAS 2025, located in Hall 2E and Hall 11 at ICE BSD City, from July 24 to August 3. Hashtag: #VinFast The issuer is solely responsible for the content of this announcement. About VinFast VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ('EV') manufacturer with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at:
Associated Press
15-07-2025
- Automotive
- Associated Press
VinFast to introduce new model in Indonesia upon return to GIIAS 2025
JAKARTA, INDONESIA - Media OutReach Newswire - 15 July 2025 - VinFast today announced its return to the Gaikindo Indonesia International Auto Show (GIIAS) 2025, scheduled to take place from July 24 to August 3. At the premier automotive event, the Company will introduce an entirely new right-hand drive model to Indonesian consumers, perfectly complementing its diverse EV lineup. This strategic move reaffirms VinFast's strong commitment to continuous innovation and pioneering role in shaping a green future for Indonesia. At GIIAS 2025, VinFast will introduce a brand-new right-hand drive model to Indonesian consumers. GIIAS stands as Indonesia's largest automotive exhibition and one of Southeast Asia's most significant, drawing hundreds of leading global automotive brands. During its return to GIIAS 2025, VinFast will display its full range of electric cars currently available for sale in Indonesia, spanning from the VF 3 (mini SUV), the VF 5 (A-segment SUV), the VF 6 (B-segment SUV), to the VF e34 (C-segment SUV). Notably, the highlight of the event will be the grand debut of a completely new right-hand drive pure-electric model for the Indonesian market. With the impressive debut of this new vehicle, VinFast's product portfolio in Indonesia will expand to five pioneering electric models, underscoring its commitment to offering one of the most comprehensive and diverse pure-electric ranges, crafted to meet Indonesia's evolving sustainable mobility needs. The 'VinFast Arena' exhibition space at GIIAS 2025 has a total area of 2,290 m², including indoor and outdoor areas. Located in Hall 2E, VinFast's main booth features a double-decker layout, spanning an impressive 1,030 m². Visitors here can explore the cutting-edge design, advanced technology, and impressive performance of VinFast EVs, alongside green and smart charging solutions. Meanwhile, Hall 11 will host two dynamic outdoor areas designed for direct engagement and hands-on experiences. The VinFast Cube will showcase a single, specially customized vehicle, designed to spark the imagination of VinFast enthusiasts and inspire them to personalize their own vehicles. The VinFast Arena Outdoor is dedicated to providing visitors with the opportunity to experience the full lineup of VinFast cars, from the VF 3, VF 5, VF e34, and VF 6 to the newest car model. Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, commented: 'We are proud to mark our return to GIIAS 2025 with a pivotal milestone: the introduction of a new model for the Indonesian market. In just one year since GIIAS 2024, VinFast has achieved significant progress, establishing a strong foundation within the country. This event not only underscores VinFast's steadfast commitment to spearheading Indonesia's green transformation through our diverse product portfolio and comprehensive ecosystem, but also serves as a clear demonstration of our dedication to delivering superior products and customer experiences.' In just over a year since its official market entry, VinFast has rapidly introduced a diverse product range covering the most popular segments, from the compact VF 3, versatile VF 5, comfortable VF 6, to the family-friendly VF e34. All models come with highly attractive sales and after-sales policies, including complimentary charging at V-GREEN charging stations, a guaranteed buy-back value of up to 90%, and 0% interest financing for vehicle purchases, making it easier for customers to own VinFast EVs. Furthermore, VinFast has proactively collaborated with leading banks to offer comprehensive financial solutions. The Company's dealership network is continuously expanding, with 24 showrooms now spread across major cities like Jakarta, Bandung, Surabaya, and Bali, with further robust expansion planned. VinFast owners can also enjoy peace of mind with a wide network of authorized service workshops operated by partners Otoklix and BOS nationwide. VinFast aims to establish a network of 500 authorized service workshops across Indonesia this year. VinFast is also at the forefront of building a comprehensive green transformation ecosystem through strategic partnerships with the pure-electric taxi company GSM and the global EV charging station developer V-GREEN. With its state-of-the-art electric vehicle assembly plant project in Subang, VinFast is committed to actively contributing to the development of the local electric vehicle industry. VinFast welcomes all visitors to explore its latest innovations at GIIAS 2025, located in Hall 2E and Hall 11 at ICE BSD City, from July 24 to August 3. Hashtag: #VinFast The issuer is solely responsible for the content of this announcement. About VinFast VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ('EV') manufacturer with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at:
Yahoo
12-06-2025
- Automotive
- Yahoo
Vietnam vehicle market grows 4% in May
Vietnam's new vehicle market expanded by 4% to 22,658 units in May 2025 from 21,767 units a year earlier, according to wholesale data released by the Vietnam Automotive Manufacturers Association (VAMA). The data do not include sales by Mercedes-Benz, Hyundai, Tesla, Nissan, domestic automaker VinFast, and several Chinese brands that have entered the market in the last two years. VAMA's members reported slower sales growth last month, following a strong rebound over the last year from depressed levels. The latest government data show that GDP expanded by 5.9% year-on-year in the first quarter of 2025, moderating from 7.5% in the fourth quarter of 2024, underpinned by strong domestic consumption and exports. In the first five months of 2025 the market expanded by 12% to 104,780 units from 93,653 units a year-earlier, according to VAMA data, with sales of passenger vehicles rising by 7% to 71,794 units while commercial vehicle deliveries surged by 23% to 32,986 units. Truong Hai (Thaco) Group, the local assembler and distributor of several overseas brands and a major player in the commercial vehicle segment, reported a 14% sales rise to 33,806 units in this period. This includes a 48% jump in Thaco commercial vehicle sales to 10,050 units, and a 17% rise in Mazda sales to 11,803 units, while Kia sales declined by 9% to 10,116 units. Toyota's sales surged by 34% to 23,061 units year-to-date, driven by strong Yaris Cross and Vios volumes, while Ford's sales rose by 22% to 17,533 units; Mitsubishi 12,130 units (+4%).; and Honda 9,710 units (+7%). Domestic automaker VinFast announced separately that it delivered 56,187 battery electric vehicles (BEVs) to customers in Vietnam in the first five months of the year, with the VF3 and VF5 models accounting for around two-thirds of the total. Hyundai's passenger vehicle sales data for May were not available, but its local distributor Tan Chong International reported sales of 15,944 units in the first four months of the year. The Vietnamese Ministry of Finance announced in March that it had extended the vehicle registration tax exemption for battery electric vehicles (BEVs) until the end of February 2027, extending it for an additional two years. "Vietnam vehicle market grows 4% in May" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Time of India
10-06-2025
- Automotive
- Time of India
EV maker VinFast's Q1 loss widens on higher spending as deliveries rise
Vietnamese electric vehicle maker VinFast reported on Monday its sixth consecutive quarterly net loss as it continues to ramp up spending to boost sales volumes. VinFast reported a net loss of $712.4 million for the first quarter, less than the $1.3 billion loss in the previous quarter but 20% more than a year earlier. Analysts' average forecast was for a $616.3 million loss, according to LSEG data. Revenue jumped 150% to $656.5 million in January-March, compared with analysts' average estimate of $520 million. Deliveries leapt nearly 300% to 36,330 vehicles in the quarter, mainly driven by sales in Vietnam, its biggest market. VinFast shares were up 10.53% in pre-market trade. Backed by Vietnam's largest conglomerate, Vingroup, VinFast continues to face challenges due to weak consumer demand, stiff competition, and a 25% tariff the U.S. has imposed on imported vehicles. VinFast previously identified the U.S. as a key growth market. The company reported a gross margin of minus 35.2% in the quarter, compared with minus 58.7% a year earlier. The firm is intensifying promotional efforts domestically, shifting to a dealership model from the costlier option of its own showrooms, and redirecting its focus to Asia , with its new assembly plant in India set to begin operations in July. Research and development expenses fell 22.3% year on year in the quarter, while the cost of sales more than doubled over the same period, it said. VinFast, which has reported a loss every quarter since it went public in August 2023, has received around $2 billion in financial support from its founder and CEO Pham Nhat Vuong and Vingroup, as of May. ELECTRIC BUSES VinFast's affordable, small VF 3 and VF 5 models were its best-selling vehicles, accounting for 68% of its domestic deliveries, chair Thuy Le said on an earnings call. The company is also looking to expand in the bus market. "We are exploring opportunities in Asia and Europe with plans to offer electric buses in 6, 8, 10, and 12 meter sizes," Le said. "We set up in Indonesia and Europe already and very soon in the Middle East and the U.S.," Le said, noting that VinFast already delivered buses in big volumes in Vietnam. The company said it would introduce its next-generation platform and an electrical architecture with the Limo Green model in the third quarter. This will underpin existing EV models next year. "While its VF3 subcompact SUV is driving volumes, the company is still losing money on every car it sells," research firm Third Bridge noted in a pre-earnings report. "The bill of materials is estimated to be significantly higher than those of Tesla and BYD , partly because VinFast lacks scale and still pays a premium to suppliers who are wary of its short track record," it said.
