VinFast Is Recorded As The Third Most Securities Automotive Manufacturer Behind Tesla And Toyota

VinFast VF9. (Doc. VinFast Auto)

VinFast first stole the world's attention with its debut at the Paris Motor Show 2018, making it the first Vietnamese automotive manufacturer to attend an international vehicle exhibition. This marks VinFast's first step towards acknowledging his existence on the global automotive stage.

Established in June 2017, VinFast Auto has shown its determination to become a major player in the global auto industry. Within six years, VinFast has not only confirmed his dominance in the local market, but has also stepped into the global market with its innovative products.

Over time, VinFast has not only continued to grow in Asia, Europe and the United States, but has also launched a number of electric vehicles such as VF6, VF7, VF8, and VF9. Investment in this electric car brings brilliant results.

Reporting from Reuters on Monday, August 28, VinFast's shares jumped 21 percent, adding to the positive trend that has brought the brand's valuation to more than 160 billion US dollars, more than four times the initial valuation.

VinFast recently made a big debut on Wall Street, which places his position as the third-largest automotive company in the world after Tesla and Toyota. However, Vinfast's publicly available stock constraints make it vulnerable to market volatility, with stock movements varying in the final sessions.

It is known, this company is fully controlled by Pham Nhat Vuong, as the founder and chairman of VinFast. One of the Vietnamese conglomerates holding 99.7 percent of VinFast's shares.

Although VinFast has achieved success since entering the automotive world, competition with major automakers such as Tesla, Toyota, VW, Honda, and others is still a big challenge. To that end, VinFast focused on the electric car segment by introducing VinFast VF9.

VF9, which will arrive in North America by the end of this year, comes in the Eco variant with a distance of 482 km and a Plus variant with a distance of 468 km. Powered by a double electric motor, the SUV is capable of producing 402 dk and 619 Nm torque, allowing it to jump from 0 to 100 km/hour in 6.5 seconds.

VinFast VF9 will compete with a number of other models in North America, such as Kia EV9, Toyota bZ4x, Subaru Solterra, and Nissan Ariya, for around US$83,000 (around Rp1.2 billion) for the Eco variant and around US$90,000 (around Rp1.3 billion) for the Plus variant.

With brilliant achievements and a focus on sustainable mobility, VinFast further emphasized his position as a major player in the global automotive industry.