Amid growing interest in electric vehicles, VinFast, Vietnam’s first indigenous automobile company, plan’s to release new cars that will have features on par with Tesla cars, but that will be more economical, according to Kevin Yardley, the Deputy CEO of the company.
VinFast has finished engineering the prototype of three SUV’s, with the first – the VF31, to begin selling in Vietnam in October 2021. The other two SUV’s, the larger VF32 and VF33 are expected to be released in 2022, with export to Europe and the United States also expected for 2022.
All three of the SUV’s will come with artificial intelligence and automated features, such as facial recognition technology that can adjust the interior's temperature. Other features include the ability to summon the car and self-driving assistance.
Sourcing parts from across Asia will help keep prices relatively low for an electric car and VinFast expects that customers will feel “surprise and delight” when they find that they can get automated features from a new brand for the price of an average European car.
Vingroup said that “robust growth in sales” of VinFast vehicles in 2020 contributed to a 102% increase in its group net profit in the third quarter. The company expects that electric SUV’s will help VinFast “affirm its vision of becoming a global smart electric vehicle company” and “bringing Vietnam to a new level on the world map of the automobile industry.”