Photo credit: VinFast
VinFast vehicles are set to hit Indonesian roads, as the Vietnamese EV firm is opening one of its first dealerships in the country.
Run by Gallerie Setia Utama, the showroom – which will be built in Depok City, west of Jakarta – highlights VinFast’s VF 5 and VF e34 electric vehicles.
This marks one of the first steps in VinFast’s plan to establish a strong presence across Indonesia’s major cities by 2024.
Indonesia, which has had growing consumer demand for EVs, also has lofty ambitions of its own. It aims to produce roughly 600,000 EV units in the country. This is about 100x the number of electric vehicle sales in Indonesia for the first half of last year.
By 2024, VinFast wants to establish a presence in at least 50 countries. It is actively growing its footprint in Asia, the Middle East, and Africa, alongside established markets like the US, Canada, and Europe.
To support this global growth, the company aims to create new EV factories in the US, India, and Indonesia. Recently, the firm announced the construction of a US$500 million EV factory in India, with an annual capacity of up to 150,000 units.
The startup, which offers a battery subscription service alongside its car sales, also recently signed agreements with 15 auto dealers in Thailand at the 2024 Bangkok International Motor Show.
See also: Vietnamese battery startups eye more green financing to power renewables push
Editing by Miguel Cordon and Jaclyn Tiu
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