California Tops US EV Adoption: 25% EV Share Of Total Sales In 2023

It’s no secret that the pace of electric vehicle adoption varies greatly from state to state, with California being the undisputed leader in this respect, as opposed to some midwestern and southern states where EV sales are among the lowest in the nation. While EV adoption is on the rise nationwide, electric vehicle market share is far from being homogenous, as pointed out by BloombergNEF’s latest research that takes a detailed look at the speed of adoption across all US states. A total of 972,000 EVs were sold in the US last year, up from 652,000 the year before. Things are looking even better in the first half of 2023 as the EV share of car sales rose to 9 percent stimulated partially by the implementation of the Inflation Reduction Act that introduced new subsidies for consumers, carmakers, and battery producers. If the trend continues, BloombergNEF forecasts EV sales to make up 23 percent of total US passenger car sales in 2025 and 51 percent by 2030. Until that happens, current EV share of passenger vehicle sales data at state level for the first half of 2023 highlights some stark differences between states. Unsurprisingly, California recorded the highest EV share…

The special significance of US President Biden’s visit to Vietnam

On the evening of September 11, US President Joe Biden ended his two-day state visit to Vietnam at the invitation of General Secretary Nguyen Phu Trong. The most notable result of this visit of the head of the White House is that the two sides decided to elevate the relationship between Vietnam and the United States to a Comprehensive Strategic Partnership.   The two countries have spent 10 years in a Comprehensive Partnership and now is the time to upgrade to a Comprehensive Strategic Partnership. The current time is truly the most desirable time for the people and governments of the two countries to upgrade Vietnam-US relations to a new level.   At this time, Vietnam has made very strong developments both economically, politically, socially as well as its role and reputation are constantly growing in the international arena. Viet Nam or more broadly, the Asia-Pacific region and the world in general are undergoing very rapid changes that are difficult to predict. Therefore, extensive cooperation and constructive contributions from every country in the world are needed.  US President Joe Biden said on September 10 that Vietnam and the US upgrading relations is beneficial for both countries, beneficial for the two peoples and…

VinFast and Green Vehicle on the journey towards a sustainable future

According to the World Health Organization (WHO), air is the cause of nearly 7 million deaths each year.  This situation raises deep concerns about public health as well as a pressing issue: What solutions are there to minimize the burden on the environment? That is why the green living trend is increasingly receiving strong support and the green vehicle trend is also gradually becoming an indispensable part on the path towards the era of sustainable development.   So what is a green car or green vehicle? Green cars or green vehicles are road vehicles that use electric or hybrid engines, causing less harm to the environment than vehicles using traditional internal combustion engines. Not only do they provide a perfect driving experience that is not inferior, electric motorbikes and electric cars also overcome the disadvantages of internal combustion engine vehicles.  The global air pollution situation has caused many countries to plan to “kill” cars using internal combustion engines and encourage the production and use of electric cars. That is one of the reasons leading to the remarkable development of the electric car industry.   According to The California Air Resources Board, California has 1.5 million zero-emission vehicles in use – two years…

VINGROUP, VINFAST, AND VINHOMES WIN 5 GOLD MEDALS – ASIA’S BEST COMPANIES IN VIETNAM – AT THE FINANCEASIA AWARDS 2023

Vingroup, VinFast, and Vinhomes received 5 gold medal awards at the 2023 FinanceAsia Awards. The gold medal is the highest award level, created to acknowledge the comprehensive contributions of leading companies in the Asia-Pacific region. FinanceAsia Awards, held annually, is one of the most respected regional financial awards. The nomination committee consists of leading financial experts in Asia-Pacific. Each award category includes three prizes: Gold, Silver and Bronze, which are based on survey results from customers and major financial institutions. In 2023, Vingroup, VinFast, and Vinhomes were respectively honored at the highest positions of 5 categories including: Best Managed Company in Vietnam, Best Investor Relations in Vietnam, Best ESG in Vietnam, Best DEI (diversity, equity, and inclusion) in Vietnam, and Best Real Estate Company in Vietnam.   In the category of Best Managed Company in Vietnam, Vingroup won the Gold medal for its achievements in Business Strategy, Competitive Capabilities, Innovation, Corporate Governance, and Transparency Reporting. Despite its multi-industry and multi-field business activities, Vingroup is one of the few Vietnamese corporations able to report under Vietnam Accounting Standards (VAS) and International Financial Reporting Standards (IFRS). The Group’s Transparency and Professionalism helped it gain the trust of investors and analysts and win the highest…

VinFast Holding CEO at Qatar Economic Forum 2023

On 25 May 2023,  Madam Le Thi Thu Thuy, Vingroup Vice Chairwoman and CEO of VinFast Holding had a talk at the 2023 Qatar Economic Forum, with Bloomberg’s Haslinda Amin. What is VinFast doing and planning to go global and compete in the very crowed EV markets? The answer could be found in the following video. Bạn cần đăng nhập để tương tác với nội dung này: Đăng nhập.

A Look at Pininfarina, The Italian Designers Behind VinFast

VinFast is proud to have partnered with the world-famous Pininfarina design firm on for its flagship premium EV SUVs, the VF 8 and VF 9.  Founded in 1930 as a coachbuilder, the company known as “Farina” at the time (named after the founder Battista “Pinin” Farina) was the first coachbuilder to construct bodies using the unibody construction technique.  The company was officially renamed Pininfarina in the 1960s and its budding emphasis on the science of automotive design helped it to stand out from other Italian coachbuilders, with even the construction of a full-sized wind tunnel green lit and finished in 1972. It was the first wind tunnel with the ability to test full-sized cars in Italy and one of the first in the world with the capability.  Currently with headquarters based in Turin, Italy, Pininfarina has designed a wide variety of automotive vehicles along with high-speed trains, buses, trams, yachts, and planes, and provides consultation on architecture and industrial/interior/graphic design.  Pinfarina took into account the proud heritage of the VF 8 and VF 9 through incorporation of the unique “V” logo in the grille that references the country of Vietnam along with the VinFast and Vingroup brand.  The partnership with…

5 Initial Reactions from Test-Driving a VinFast EV

  I had the amazing opportunity to drive the VF 8 in Vietnam back in September.  It was my first time getting behind the wheel of a VF 8.  Before I get into my initial reactions, I just wanted to say that before the test drive, it was extremely warm in Vietnam, and I was sweating bullets, so excuse the glistening look on my face given that I’ve been sweating all day.  Okay, on to my initial thoughts: Cooling seats – back to my point of being hot and sweaty during this test drive.  Usually when hot, you get that sticky leather seat feeling, but not with these cooling seats.  It cooled me down in a few seconds and it was able to get comfortable real fast and was able to focus on my drive. Touch Screen – we all know it’s 15.6 inches, but it’s hard to describe how crisp the screen is. It felt like I was driving in 4k, lol.  As I was playing around with the screen, before the drive, the biggest wow factor for me was now clean the interface was.  It was fun exploring all the little options within the display Head display –…

What does the name VinFast stands for?

While VinFast may sound just like any ordinary EV company, there is so much more to the name than it sounds. The name VinFast represents the best of Vietnam and what it is going to be able to bring to the worldwide stage in an ever-changing global market and technology. So what does VinFast stands for? The VinFast name is an abbreviation of Vietnamese words: Vin: Việt Nam (Vietnam) As the company expands globally, Vin in VinFast traces the company’s roots back home in Vietnam. Also announcing itself to the world stage that Vietnam will be a significant player while also committing to global EV technology advancements from now on.  F: Phong Cách (Style) In Vietnamese, the letter F is pronounced as Ph. For VinFast, an EV has to drive well. But it also has to look the part of a modern design language that combines the best of Vietnam and energizes onlookers with confidence in motion. Partnering with the legendary Pininfarina design house, VinFast aims to instill the stylishness of Vietnam into the world.  A: An Toàn (Safety) Safety is one of VinFast highest priorities, delivering a product that you will always feel comfortable taking on the road day…

The Quick Story Behind the VinFast Brand

Before the VF 8 and VF 9 are out for delivery for consumers globally at the end of 2022. Here’s a quick story behind VinFast and how the company has climbed up the ranks through the years.  VinFast is a member of Vingroup, the largest private corporation in Vietnam. Vingroup has a sizable history in Vietnam, focusing on technology, real estate development, retail, and services ranging from healthcare to hospitality. The VinFast story started in 2017 with the establishment of VinFast’s state-of-the-art automotive manufacturing complex in Hai Phong, Vietnam.  The company debuted at the 2018 Paris Motor Show and launched the first three cars in 2019: the Lux A2.0 sedan, Lux S2.0 SUV, and the Fadil for the city commute. In just a year, VinFast became the leading car manufacturer in Vietnam, with sales leading in all three segments.  In 2021, VinFast expanded its vehicle profiles by introducing e-scooters and Vietnam’s first e-Bus. While gaining significant growth in Vietnam, the company’s ambition is to become a global force in the ever-growing EV industry and focus on a better future for the world. Thus, VinFast launched the first ever consumer electric vehicle to be produced in Vietnam while launching the VF…