VinFast announces US$200 million investment, Indonesia welcomes new electric vehicle factory

According to news on September 22, Vietnamese electric car manufacturer VinFast plans to invest US$200 million in Indonesia to build a new car assembly plant. The investment is part of VinFast's expansion plan in the Asian market, totaling approximately US$12 billion, to promote its electric vehicle products in seven Asian markets.

#VinFast plans to start delivering electric vehicles to Indonesia in 2024, with the first deliveries including the right-hand drive models VF e34 and VF 5, followed by the VF 6 and VF 7th grade models. One of the reasons the manufacturer chose to establish a production base in Indonesia is the relatively low cost and abundant supply of raw materials in the region, giving VinFast a production advantage.

According to the editor’s understanding, VinFast has identified Indonesia as a key potential market and plans to establish electric vehicle and battery manufacturing facilities there. This demonstrates VinFast’s long-term commitment to the electric vehicle market and global expansion plans, and they plan to further expand their market share in Indonesia and seven other Asian markets to provide more electric vehicle options for sustainable travel.

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