The development could certainly be described as rapid. The Vietnamese Vingroup announced its entry into the automobile business back in September 2017. Things then moved quickly, as allesauto.at reports: when it came to vehicle electronics, Vinfast turned to Bosch, while BMW sold some rights to its production patents and the system designer Eisenmann from southern Germany supplied conveyor equipment for final assembly.
Vinfast is now unveiling its first vehicles , an SUV and a Limousine with four-cylinder turbo engines and around 170 and 230 HP respectively, based on the BMW X5 and the 5 series of the Bavarian company, as “auto, motor und sport” reports. Their look is tailored to current Vietnamese tastes. The mega project is a huge success – for German industry, as the “Handelsblatt” concludes . The Vingroup parent concern is investing around 3.5 billion US dollars, a large proportion of which is going to German companies, according to the newspaper’s sources.
Small cars, minibuses and electric cars and motorbikes will be added to Vinfast’s portfolio down the line. An agreement has been reached with Siemens for the supply of technology and components to make electric buses, reports electrive.net . The German development service provider EDAG has been awarded the contract to develop the first electric vehicles for the Vietnamese market.