© Reuters. VinFast (VFS) signs independent dealership agreements
Vietnam’s VinFast Auto (NASDAQ:) announced Tuesday that the electric vehicle maker has signed agreements with five local car dealerships across four U.S. states. This strategic move aims to broaden access to VinFast’s vehicles.
The first lineup of VinFast dealers includes Leith VinFast in Raleigh, North Carolina; Smith Haven VinFast in St. James, New York; Principle VinFast Grapevine in Grapevine, Texas; Hiley VinFast of Fort Worth in Fort Worth, Texas; and VinFast Wichita in Wichita, Kansas.
These dealerships will initially introduce the VinFast VF 8, an all-electric SUV, with future intentions to incorporate the VF 6, VF 7, and VF 9 models upon their entry into the US market.
“This is an important step affirming VinFast’s commitment to expanding its retail sales network and shortening the time to deliver our products to market. Collaboration with dealers allows VinFast to quickly bring US customers high quality electric vehicles, good prices and excellent aftersales policies, further promoting our mission of a sustainable future for all.” Said VinFast CEO, Tran Mai Hoa.
Every customer purchasing or leasing a VinFast electric vehicle qualifies for VinFast’s comprehensive aftersales policies. This includes a 10-year/125,000-mile warranty covering the vehicle, alongside an exceptional 10-year unlimited mileage warranty for the battery, applicable under non-commercial use.
VinFast expects to expand its dealer network to encompass 125 points of sale throughout the United States. Alongside these dealership partnerships, VinFast presently manages 13 retail stores and service centers in California.
Shares of VFS are down 4.42% in pre-market trading Tuesday morning.