Lokesh Choudhary · · 1 min readVinFast inks deal with 5 Indonesian dealers
Photo credit: Vinfast
VinFast‘s Indonesian expansion plans are off to the races, with the Vietnam-founded company saying it signed deals with five local auto dealers to help launch its brand in the country.
They include GSU, BAM, and GNA – which are all located in Jakarta – as well as MCA in Medan and Majesty in Batam, VinFast revealed at the 2024 Indonesia International Motor Show. The dealers are set to offer four models from the company’s lineup, with sales slated to open later this year.
Pricing and details on the ordering process will be confirmed in the first half of the year, VinFast said in a statement.
The firm is the electric vehicle-focused auto arm of Vingroup, Vietnam’s largest privately owned conglomerate.
A month ago, Vingroup received the green light for VinFast’s expansion into Indonesia from President Joko Widodo.
VinFast plans to invest US$1.2 billion in the country, with US$200 million allocated for constructing an EV manufacturing plant by 2026.
The plant is expected to have a production capacity of 30,000 to 50,000 units annually.
Recently, Vingroup also announced that VinFast is expanding to the Philippines.
See also: Vingroup founder’s EV play revs up Vietnam’s ride-hailing race
Editing by Miguel Cordon and Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
