Vietnamese carmaker VinFast starts on the fast track
In its 16 months of existence, it has proven to be as much about the $3.5 billion automotive ambitions of Vietnam’s mighty Vingroup JSC conglomerate as the auto industry’s knack for seizing opportunity.
Consider what DeLuca marshaled in putting a gray LUX A2.0 sedan and red LUX SA2.0 crossover on display between the Kia and Ferrari stands in Paris.
The two vehicles are based on BMW technology, giving them similar proportions to the German automaker’s 5 series and X5. Powering both is a four cylinder, 2.0 liter turbo gasoline engine licensed by BMW and adapted to VinFast’s specs by Austria’s AVL.
Germany’s ZF Friedrichshafen is supplying an eight speed automatic transmission. Vehicle engineering was done cheap hermes replica handbags $25
by the Canadian Austrian combo Magna Steyr. The design? Italy’s Pininfarina.
The vehicles will be assembled beginning next year at a $1.5 billion, 1.6 million square foot plant taking shape in Dinh Vu, near Hai Phong, about 50 miles from Hanoi. The factory was co developed by Germany’s Eisenmann. Schuler supplied most of the stamping operation and Drr, the paint shop. The engine line relies on FFG and Grob Werke technology. Switzerland’s ABB contributed about 1,200 robots for the body shop.
In DeLuca’s view, VinFast avoided a lot of risk by taking this course.
“Partnering with individuals who are very good at what they do and have proven track records allows us to develop the product quickly while at the same time bringing up our own internal expertise,” he said in an interview here. “We are doing in 24 months what most OEMs do in 36 to 60.”
The factory will be able to build 250,000 cars on three shifts. Additional capacity will come from the former GM operations in Vietnam, including a kit plant in Hanoi. They were acquired by VinFast this summer, giving VinFast the distribution rights to Chevrolets in Vietnam.