VinFast To Launch Electric Vehicle Range In Indonesia At IIMS 2024

JAKARTA, INDONESIA - In a significant move to expand its global footprint, VinFast Auto (Nasdaq: VFS) has announced its participation in the Indonesia International Motor Show (IIMS) 2024, set to take place from February 15 to 25. This event will not only mark the brand's official launch in Indonesia but also signify a crucial step in its international expansion efforts.

At the heart of IIMS 2024, VinFast plans to showcase an array of electric vehicles (EVs) spanning various segments. This occasion will also serve as the debut for VinFast's right-hand drive electric vehicle models on the international stage, underscoring the company's commitment to broadening the accessibility of electric vehicles globally.

VinFast's entry into the Indonesian market is accompanied by a promise to offer a diverse and appealing selection of green mobility solutions. The company aims to cater to the varied travel needs and financial capabilities of Indonesian consumers by providing a wide range of electric vehicles, coupled with superior after-sales policies and flexible sales plans. This strategy is designed to make VinFast's electric vehicles more attainable for everyone in Indonesia.

Mr. Tran Quoc Huy, CEO of VinFast Indonesia, expressed his enthusiasm about the brand's introduction to the Indonesian market at IIMS 2024. "VinFast is thrilled to officially launch its brand in Indonesia. Our goal is to offer local customers eco-friendly transportation options and support them throughout their electric vehicle ownership journey. We are eager to inspire the market towards embracing a modern and sustainable mobility future," he stated.

With a population exceeding 250 million, Indonesia stands as Southeast Asia's largest economy and one of the region's most significant automotive markets. The country is increasingly focusing on electrifying its transportation sector, supported by various government policies aimed at bolstering the electric vehicle industry. These factors position Indonesia as a pivotal market in VinFast's growth strategy.

Indonesia not only represents an essential market for VinFast but also plays a strategic role in its global electric vehicle supply chain. The company has previously disclosed plans for constructing a manufacturing plant in Indonesia with an annual production capacity of up to 50,000 electric vehicles. This facility will not only cater to the Indonesian market but also enhance VinFast's supply chain efficiency and global competitiveness.

VinFast invites visitors to explore its booth from 5:00 PM (local time) on February 15, 2024, until February 25, 2024. Additionally, a brand launch press event is scheduled for February 15 at 2:00 PM at Booth A6, Hall A, Jakarta International Expo.