According to the agreement, VinFast and its agents will actively work towards exploiting 22 showrooms, focusing on major roads in the Greater Bangkok Metropolitan Area. With a high rate of electrified traffic and developed charging station infrastructure, this is a key area in VinFast's expansion strategy in the Thai market to take advantage of a diverse range of urban electric vehicle products. form.
Accompanying VinFast in its first milestones in the market, leading Thai dealers see opportunities from the sustainable transportation trend through cooperation with pure electric car brands like VinFast. VinFast's brand reputation and diverse product range also strengthen dealers' confidence in the business prospects of the Vietnamese electric car company.
In addition to the capital Bangkok and 5 neighboring provinces in the Greater Metropolitan Area, VinFast's dealer network will also expand to major cities such as Chiang Mai, Khon Kaen, Ubon Ratchathani, Ayutthaya and Chonburi. The successful signing with 15 dealers opens up opportunities to exploit huge potential in Thailand, one of the leading auto markets in the region. This step is also consistent with VinFast's goal of expanding its global sales network, growing revenue and optimizing costs in 2024.
Dealers in Thailand plan to sell models VF e34, VF 5, VF 6 and VF 7 in the first phase, immediately after these models launch in the market. Order acceptance time, prices and after-sales policies will be officially announced in 2024. In addition, Thai dealers will also sell VinFast electric motorbike products.
Through a comprehensive electric vehicle ecosystem and diverse, smart green mobility solutions, VinFast will fully meet the flexible and environmentally friendly mobility needs of Thai consumers.
Ms. Vu Dang Yen Hang, General Director of VinFast Thailand, shared: "Cooperating with reputable and experienced dealers in both sales capacity and customer care, we hope to quickly bring consumers of smart electrified mobility solutions with an enjoyable and secure experience. The cooperation agreement will increase presence and become a solid launching pad for VinFast's future development in the Thai market. We also aim to expand the electric vehicle distribution network to cover major cities in Thailand, keeping pace with the country's strong green transportation revolution and globally."
The rapid expansion of the dealer network has affirmed VinFast's position and ability to accelerate strongly in the Thai market. This start shows VinFast's great development potential and strengthens the leading position of the Vietnamese electric car company in the wave of green transformation regionally and globally.
According to the plan, in 2024, VinFast will expand operations in at least 50 countries around the world. Besides key markets such as the US, Canada and Europe, VinFast is strongly expanding into neighboring countries in Asia such as India, Indonesia, Thailand, the Philippines and the Middle East and Africa. In addition to Vietnam, VinFast is also promoting the construction of electric vehicle factories in the US, India and will build a factory in Indonesia.