VinFast

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VinFast Auto Ltd. is a Vietnamese multinational automotive manufacturer established in 2017 in Hải Phòng, Vietnam, as a subsidiary of Vingroup, one of the largest private conglomerates in Vietnam, founded by billionaire Phạm Nhật Vượng. It is the first Vietnamese automaker to sell passenger cars internationally and to manufacture electric vehicles, including electric cars and electric scooters. VinFast was created as part of Vingroup's entry into the automotive industry, framed around Vietnam's national industrialization ambitions and intended to become the country's first globally competitive car brand. Its first two models, the LUX A2.0 sedan and LUX SA2.0 SUV, were petrol vehicles based on BMW platforms and unveiled at the 2018 Paris Motor Show. In 2022, the company announced it would cease production of internal combustion engine vehicles and transition exclusively to electric vehicles. The company's legal and financial headquarters are registered in Singapore, while its operational...

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