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VINFAST OFFICIALLY LAUNCHES IN THE MIDDLE EAST

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VinFast Auto has officially launched in the Middle East market with its first dealership opening in Dubai, UAE, in partnership with Al Tayer Motors. The 1,000-square-meter store showcases the VF 6, VF 7, VF 8, and VF 9 models. The company plans to expand to Saudi Arabia, Qatar, Kuwait, and Bahrain later this year. The VF 8 model will be priced from $47,500 for Eco trim and $51,500 for Plus trim. VinFast has signed partnerships with Al Tayer Motors (UAE), Al Mana Holdings (Qatar), and Bahwan Automobiles & Trading (Oman), and recently partnered with Charge&Go for charging infrastructure in UAE.

VinFast Auto ha ufficialmente lanciato la sua attività nel mercato del Medio Oriente, con l'apertura del suo primo concessionario a Dubai, negli Emirati Arabi Uniti, in collaborazione con Al Tayer Motors. Il negozio di 1.000 metri quadrati espone i modelli VF 6, VF 7, VF 8 e VF 9. L'azienda prevede di espandersi in Arabia Saudita, Qatar, Kuwait e Bahrein entro la fine di quest'anno. Il modello VF 8 avrà un prezzo di partenza di $47.500 per la versione Eco e $51.500 per la versione Plus. VinFast ha firmato partnership con Al Tayer Motors (EAU), Al Mana Holdings (Qatar) e Bahwan Automobiles & Trading (Oman) e recentemente ha collaborato con Charge&Go per l'infrastruttura di ricarica negli EAU.

VinFast Auto ha lanzado oficialmente su actividad en el mercado de Medio Oriente con la apertura de su primer concesionario en Dubái, Emiratos Árabes Unidos, en asociación con Al Tayer Motors. La tienda de 1,000 metros cuadrados exhibe los modelos VF 6, VF 7, VF 8 y VF 9. La empresa planea expandirse a Arabia Saudita, Qatar, Kuwait y Baréin más tarde este año. El modelo VF 8 estará disponible a partir de $47,500 para la versión Eco y $51,500 para la versión Plus. VinFast ha firmado asociaciones con Al Tayer Motors (EAU), Al Mana Holdings (Qatar) y Bahwan Automobiles & Trading (Oman) y recientemente se ha asociado con Charge&Go para la infraestructura de carga en EAU.

빈패스트 오토는 알 타이어 모터스와 협력하여 아랍에미리트 두바이에 첫 번째 대리점을 열고 중동 시장에 공식 출시했습니다. 1,000 제곱미터 규모의 매장은 VF 6, VF 7, VF 8 및 VF 9 모델을 전시하고 있습니다. 회사는 올해 말에 사우디 아라비아, 카타르, 쿠웨이트 및 바레인으로 확장할 계획입니다. VF 8 모델의 가격은 Eco 트림이 47,500달러, Plus 트림이 51,500달러로 책정될 예정입니다. 빈패스트는 알 타이어 모터스 (EAU), 알 마나 홀딩스 (카타르), 바완 오토모빌과 거래 (오만)와 파트너십을 체결했으며 최근 Charge&Go와 UAE의 충전 인프라에 대해 협력했습니다.

VinFast Auto a officiellement lancé ses opérations sur le marché du Moyen-Orient avec l'ouverture de son premier concessionnaire à Dubaï, Émirats Arabes Unis, en partenariat avec Al Tayer Motors. Le magasin de 1 000 mètres carrés présente les modèles VF 6, VF 7, VF 8 et VF 9. L'entreprise prévoit de s'étendre en Arabie Saoudite, au Qatar, au Koweït et à Bahreïn d'ici la fin de l'année. Le modèle VF 8 sera proposé à partir de 47 500 $ pour la version Eco et 51 500 $ pour la version Plus. VinFast a signé des partenariats avec Al Tayer Motors (EAU), Al Mana Holdings (Qatar) et Bahwan Automobiles & Trading (Oman), et s'est récemment associé à Charge&Go pour l'infrastructure de recharge aux EAU.

VinFast Auto hat offiziell den Markt im Nahen Osten mit der Eröffnung seines ersten Autohauses in Dubai, VAE, in Partnerschaft mit Al Tayer Motors betreten. Das 1.000 Quadratmeter große Geschäft präsentiert die Modelle VF 6, VF 7, VF 8 und VF 9. Das Unternehmen plant, sich später in diesem Jahr nach Saudi-Arabien, Katar, Kuwait und Bahrain auszudehnen. Das Modell VF 8 wird ab 47.500 $ für die Eco-Ausstattung und 51.500 $ für die Plus-Ausstattung angeboten. VinFast hat Partnerschaften mit Al Tayer Motors (VAE), Al Mana Holdings (Katar) und Bahwan Automobiles & Trading (Oman) geschlossen und kürzlich mit Charge&Go für die Ladeinfrastruktur in den VAE zusammengearbeitet.

Positive
  • Strategic expansion into Middle East market with first dealership in Dubai
  • Partnership with established regional dealers in UAE, Qatar, and Oman
  • Infrastructure development through Charge&Go partnership for charging stations
Negative
  • None.

Insights

VinFast's Middle East expansion represents a strategic market entry into a region with significant EV growth potential. The UAE partnership with Al Tayer Motors and planned dealership network across Saudi Arabia, Qatar, Kuwait and Bahrain positions the company in wealthy markets with increasing EV adoption rates. The $47,500 starting price for the VF 8 is competitively positioned for the luxury-oriented Gulf market.

The partnership with Charge&Go for charging infrastructure development addresses a critical need in the region. The timing aligns well with Middle Eastern countries' push toward sustainability initiatives and EV adoption policies. However, VinFast will face strong competition from established luxury EV brands and needs to overcome brand recognition challenges in a market where premium European manufacturers dominate.

The Middle East launch strategy demonstrates sound market understanding through three key elements: premium positioning with downtown Dubai presence, comprehensive product range from VF 6 to VF 9 and partnerships with established regional dealers. The 1,000+ square meter flagship store with integrated service workshop follows luxury automotive retail best practices.

The exclusive partnerships with regional powerhouses Al Tayer Motors, Al Mana Holdings and Bahwan Automobiles are particularly valuable, as these groups bring deep market knowledge and established customer relationships. This distribution approach could accelerate market penetration more effectively than direct sales would have.

DUBAI, UAE, Oct. 29, 2024 /PRNewswire/ -- At Bluewaters Island (Dubai), VinFast Auto held the official brand launch event in the Middle Eastern market, showcasing a variety of smart and green mobility solutions. This event marks a significant milestone in VinFast's global expansion strategy and reinforces its commitment to providing sustainable and green transportation solutions in the region.

On the same day as the brand launch, VinFast, together with its partner Al Tayer Motors, officially opened its first dealership in the United Arab Emirates (UAE), located in the downtown area of Dubai. With a total area of over 1,000 square meters, the store is designed with a modern and luxurious style, integrated with a service workshop, providing customers the opportunity to directly experience VinFast's smart electric vehicles, including the VF 6, VF 7, VF 8, and VF 9 models.

With modern design, advanced technology, and impressive performance, VinFast's electric vehicles promise to bring entirely new driving experiences to customers in the UAE as well as the Middle East region. Previously, on October 17, 2024, VinFast signed a Memorandum of Understanding with Charge&Go to promote the installation and operation of a network of public charging stations and related services in the UAE.

According to plans, additional VinFast dealerships in the Middle East, including Saudi Arabia, Qatar, Kuwait, and Bahrain, will be opened later this year. The VinFast VF 8 model is expected to be priced starting from $47,500 (Eco trim) and from $51,500 (Plus trim) when it is launched for sale in the Middle East.

Speaking at the event, Mr. Ta Xuan Hien, CEO of VinFast Middle East, shared: "Today's official brand launch in the Middle East marks an important step in VinFast's journey to expand its presence in the global electric vehicle market. We are proud to partner with Gulf nations in the electrification revolution, offering smart and powerful electric vehicles with exceptional warranties, while gradually realizing our expansion plan in the Middle East and globally."

As a pioneer in the all-electric vehicle strategy, VinFast has established a strong reputation with its presence in numerous international markets such as the U.S., Canada, Europe, Indonesia, India, and the Philippines. The Middle East is a new advancement in VinFast's expansion strategy, especially as countries in the region are adopting policies to accelerate the development of electric vehicles.

In the Middle East, VinFast has signed exclusive partnership agreements with three leading regional dealers: Al Tayer Motors (UAE), Al Mana Holdings (Qatar), and Bahwan Automobiles & Trading (Oman). By promoting collaboration with top partners in the Middle East, VinFast is actively participating in realizing green mobility solutions in the region, while affirming the commitment of the Vietnamese electric vehicle manufacturer to making EVs more accessible to everyone.

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play EV manufacturer with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at: https://me.vinfast.com/   

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SOURCE VinFast

FAQ

What is the starting price of VinFast VF 8 in the Middle East?

The VinFast VF 8 will be priced starting from $47,500 for the Eco trim and from $51,500 for the Plus trim in the Middle East market.

Which VinFast models will be available in the UAE?

VinFast will offer four models in the UAE: VF 6, VF 7, VF 8, and VF 9.

Where is VinFast's first Middle East dealership located?

VinFast's first Middle East dealership is located in the downtown area of Dubai, UAE, spanning over 1,000 square meters.

Which countries are included in VinFast's Middle East expansion plan?

VinFast plans to expand to Saudi Arabia, Qatar, Kuwait, and Bahrain later this year, in addition to its current presence in the UAE.

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