VinFast Sends First Shipment to U.S.
The Vietnamese automaker has shipped 999 cars to the United States. The vehicles are expected to arrive in December.

The Vietnamese automaker has shipped 999 cars to the United States. The vehicles are expected to arrive in December.
IMAGE: VinFast
VinFast has announced its first shipment of 999 cars to the United States.
The Vietnamese automaker has made good on its promise to develop an auto production hub in the country for North American and European markets.
VinFast CEO Le Thi Thu Thuy reported some VF 8 electric crossovers will go to U.S. car subscription service, Autonomy. The rest will go to retail buyers who ordered the cars. Customers should receive their first vehicles by the end of December, the company said.
Thuy expects to ship more vehicles to the U.S. in January.
The automaker is building an EV plant in North Carolina, where it awaits final regulatory approval from local officials. The company will begin production at the North Carolina factory in July 2024, Thuy said.
All EVs built there will qualify for incentives under the terms of the U.S.'s Inflation Reduction Act, which requires 50% of an EV battery to be comprised of critical minerals from North America or U.S. allies by 2024. This will rise to 80% by the end of 2026.
VinFast reported Autonomy had ordered 2,500 EVs. The company also reports it has almost 65,000 orders globally and expects to sell 750,000 EVs annually by 2026.
The only wrinkle in VinFast’s plans is the North Carolina factory project running months behind schedule. Its first shipment of EVs also fell short of the initial goal of delivering up to 5,000 cars from the VinFast factory in Haiphong by December.
According to VinFast officials, however, the number 999 was chosen for the first shipment because it is considered a lucky number in Vietnam.
Originally posted on Auto Dealer Today
More Industry

Pennsylvania Dealership Under New Retailers
The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.
Read More →
Battery Storage Takes Priority Over EVs
U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
New-Vehicle Sales Picture Relative
A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.
Read More →
Auto Group Acquires Third Nissan Rooftop
Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Building an Extraordinary F&I Agency
Work to determine your specialized talent, because that fact will determine everything about your agency’s future.
Read More →
Recipe for Compliance
The secret to both amazing barbecue and compliance is the same: understanding the basics and committing to a process.
Read More →
EVs Getting More Attractive
A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.
Read More →
EV Sales Drop in April Following Surge
North American electric-vehicle sales were down 28% year-over-year, a sharp contrast from global EV sales growth of 6%.
Read More →