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

Kia Closes Out Summer With a Bang
Its U.S. subsidiary broke multiple records in August, in part due to a surge of demand for hybrids models.
Read More →
Indiana Dealership Changes Hands
A 30-year-old Ford dealership in Indiana has a new owner and will soon be undergoing renovations to meet manufacturer requirements.
Read More →
Texas Dealership No Longer in the Family
The Ford store, a longtime cornerstone of the Houston market, is now part of one of the fastest-growing U.S. auto groups.
Read More →
Genesis Grows California Presence
The Cardinale Automotive Group opened its third Genesis rooftop in the Golden State, Genesis of San Bruno, a stand-alone dealership serving the San Francisco Bay Area.
Read More →
August Auto Sales a Mixed Bag
An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.
Read More →
EV Market Humming Along
July sales show steady growth as the segment stabilizes from last year’s artificial surge following pullback of federal support.
Read More →
Auto Loan Delinquency Rates Stabilize
Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.
Read More →
EV Sales Recover in Q2
The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.
Read More →
The Cheapest Hybrids to Fuel
The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.
Read More →
Hybrids and SUVs Gaining Ground
The most recent Kelley Blue Book Brand Watch found that only two nonluxury brands increased in shopper consideration, buoyed by their hybrid and SUV offerings.
Read More →