It is VinFast's largest corporate order to date, as part of a plan to expand further in the market.

VinFast, which ceased production of gasoline-powered cars in August, is gearing up to get a bite of the U.S. market, where it hopes to compete with legacy automakers and deliver its first batch of 5,000 all-electric sport utility vehicles this December.

The logo of Vietnam's VinFast, a fledgling electric vehicle (EV) maker, is pictured in a sales location at a shopping mall in Santa Monica, California, U.S., May 23, 2022.

"VinFast will begin delivering vehicles to Autonomy over the next 12 months," the companies said in a joint statement, noting Autonomy had initially ordered just 400 units in August.

Autonomy allows users to subscribe to the use of one of their EVs, rather than having to buy or lease a car.

The company is currently offering subscriptions for Teslas and is planning to add models from several brands such as Rivian, Kia, Mercedes Benz, and VinFast according to its website.

VinFast has registered almost 65,000 reservations globally, and it expects to sell 750,000 EVs per year by 2026.

In March, VinFast said it would build a production plant in North Carolina with an initial projected capacity of 150,000 EVs a year. It tapped banks in July to raise least $4 billion in funding for the project.

According to the statement, VinFast is planning to showcase two new EV models, VF 6 and VF 7 at the upcoming Los Angeles auto show this week.

VinFast to receive pre-orders for latest electric SUV models from next month

Vietnamese automaker VinFast on December 27 announced that it will officially receive pre-orders for VF e35 and VF e36 electric SUVs globally from 8am on January 6, 2022.

Vingroup plans US IPO for car unit Vinfast

Vingroup will transfer all its stakes in VinFast Vietnam to its affiliate in Singapore as part of preparations for the automaker’s initial public offering (IPO) in the U.S.

VinFast launches two electric cars in US

Vietnamese automobile manufacturer VinFast officially launched its global electric vehicle brand and two electric SUV models, the VF e35 and VF e36, at the 2021 Los Angeles Auto Show on the morning of November 18 (Vietnam time), marking VinFast’s entry into the US market.

Vinfast signs agreement with Chinese company to produce car battery

Vietnamese carmaker Vinfast has signed a memorandum of understanding with China’s Gotion High-Tech on the production of a battery for electric cars.

Source: VnExpress