Vietnamese EV-Brand VinFast Hopes Possible EU Sanctions Against Chinese Electric Cars Will Give It an Opening

Vietnamese automaker VinFast is making a major push into Indonesia’s electric vehicle (EV) sector with a planned $1.2 billion investment, including a $200 million EV manufacturing plant in West Java and an EV charging network worth up to $1 billion.
Vietnamese automaker VinFast is making a major push into Indonesia’s electric vehicle (EV) sector with a planned $1.2 billion investment, including a $200 million EV manufacturing plant in West Java and an EV charging network worth up to $1 billion. (Photo: Nhac NGUYEN / AFP)

Vietnamese electric vehicle company Vinfast plans to ship its first batch of 3,000 VF8 crossovers to Europe later this year and the upstart EV brand may even get an assist from European Union trade authorities.

Earlier this month, the European Commission launched an investigation into whether Chinese-made electric vehicles are unfairly benefitting from illegal state subsidies.

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by Eric Olander

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